Advanced Machine Learning Analysis in Retail
Apply advanced machine learning methods to analyze retail trends and data, predict the impact of holidays and markdowns on sales, and make strategic decisions based on limited historical data.
At a Glance
This project will help you apply Advanced Machine Learning methods to research trends and data in retail. Additionally, it will also guide you in analysing data from 45 stores located in different regions
each store contains a number of departments.
One challenge of modeling retail data is making decisions based on limited history. Holidays and select major events come once a year, and so does the chance to see how strategic decisions impact the bottom line. In addition, markdowns are known to affect sales
the challenge of this lab is to predict which departments will be affected and to what extent. Therefore, the main problem to be solved in this lab is the use of advanced methods of machine learning to: