Click and Collect

As technology takes over shopping experience, several new methods of purchasing have come into play. E-commerce portals and online stores have taken it as a challenge to create multiple delivery channels that cater to the needs of the customers. Of the several channels available including home delivery, instances, where customers prefer to visit the store... Continue Reading →

Sales Prediction

Factors that affects sales Sales prediction or sales forecasting refers merely to the process of estimating future sales. One of the critical analysis of the companies, these reports help ascertain the performance of the company based on numerous factors. Forecasts use past numbers and statistics to predict the company’s current short term and long term... Continue Reading →

Isolation Forest

Anomaly / Outliers: in Data Science data patterns that have different characteristics from normal data are called anomalies. By detecting anomalies, it provides critical and actionable information in various application domains such as eCommerce, retail , banking etc. Isolation forest algorithm: Isolation forest is the newest techniques to detect anomalies. The is based on various... Continue Reading →

Measuring customer profitability (Part 2)

Check out Part I of this article Ways to quantify It is now established that customer profitability (CP) enables us to understand high yielding customers from a pool of consumers. However, to measure customer profitability, there are several ways to quantify the same. In simple words, CP can be calculated as the difference between revenue... Continue Reading →

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