Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An organisation has approached you to analyse their sales data and to provide solutions for future strategy. A set of data Retailstore . xlsx has
An organisation has approached you to analyse their sales data and to provide solutions for future
strategy. A set of data Retailstorexlsx has been provided to you for that purpose. Discuss
possible solutions you can provide based on the dataset provided. What methods will you use to
create different models to assist in decision making? Your approach must be fully justified.
Apart from the available datasets, you are expected to collect other relevant information from
academic resources such as journal articles and books or online information from retail stores
to facilitate your research. This will need to be presented as part of the knowledge acquisition
part of your project.
Various knowledge creation techniques can be employed including, but not limited to:
Classification such as DT or ANN
Visualization, Clustering such as SOM
Association analysis
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started