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    Retail Analysis With Walmart Data

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    kPrasad8
    Walmart wants to accurately predict sales and demand to avoid stockouts. Sales data is available for 45 Walmart stores from 2010-2012, including weekly sales, temperature, fuel prices, economic indicators, and whether it was a holiday week. Key holidays like Super Bowl, Labor Day, Thanksgiving, and Christmas significantly impact sales. The task is to analyze sales trends, identify best-selling and most variable stores, examine holiday and quarterly sales, and build a predictive model for one store's demand using linear regression and economic factors.

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    Retail Analysis With Walmart Data

    Uploaded by

    kPrasad8
    82 views2 pages
    Walmart wants to accurately predict sales and demand to avoid stockouts. Sales data is available for 45 Walmart stores from 2010-2012, including weekly sales, temperature, fuel prices, economic indicators, and whether it was a holiday week. Key holidays like Super Bowl, Labor Day, Thanksgiving, and Christmas significantly impact sales. The task is to analyze sales trends, identify best-selling and most variable stores, examine holiday and quarterly sales, and build a predictive model for one store's demand using linear regression and economic factors.

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    Walmart wants to accurately predict sales and demand to avoid stockouts. Sales data is available for 45 Walmart stores from 2010-2012, including weekly sales, temperature, fuel prices, economic indicators, and whether it was a holiday week. Key holidays like Super Bowl, Labor Day, Thanksgiving, and Christmas significantly impact sales. The task is to analyze sales trends, identify best-selling and most variable stores, examine holiday and quarterly sales, and build a predictive model for one store's demand using linear regression and economic factors.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    82 views2 pages

    Retail Analysis With Walmart Data

    Uploaded by

    kPrasad8
    Walmart wants to accurately predict sales and demand to avoid stockouts. Sales data is available for 45 Walmart stores from 2010-2012, including weekly sales, temperature, fuel prices, economic indicators, and whether it was a holiday week. Key holidays like Super Bowl, Labor Day, Thanksgiving, and Christmas significantly impact sales. The task is to analyze sales trends, identify best-selling and most variable stores, examine holiday and quarterly sales, and build a predictive model for one store's demand using linear regression and economic factors.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Retail Analysis with Walmart Data

    Project 4 
    DESCRIPTION

    One of the leading retail stores in the US, Walmart, would like to predict the sales and demand
    accurately. There are certain events and holidays which impact sales on each day. There are sales
    data available for 45 stores of Walmart. The business is facing a challenge due to unforeseen
    demands and runs out of stock some times, due to the inappropriate machine learning algorithm.
    An ideal ML algorithm will predict demand accurately and ingest factors like economic conditions
    including CPI, Unemployment Index, etc.
    Walmart runs several promotional markdown events throughout the year. These markdowns
    precede prominent holidays, the four largest of all, which are the Super Bowl, Labour Day,
    Thanksgiving, and Christmas. The weeks including these holidays are weighted five times higher in
    the evaluation than non-holiday weeks. Part of the challenge presented by this competition is
    modeling the effects of markdowns on these holiday weeks in the absence of complete/ideal
    historical data. Historical sales data for 45 Walmart stores located in different regions are available.
    Dataset Description
    This is the historical data that covers sales from 2010-02-05 to 2012-11-01, in the file
    Walmart_Store_sales. Within this file you will find the following fields:
     Store - the store number
     Date - the week of sales
     Weekly_Sales -  sales for the given store
     Holiday_Flag - whether the week is a special holiday week 1 – Holiday week 0 – Non-holiday
    week
     Temperature - Temperature on the day of sale
     Fuel_Price - Cost of fuel in the region
     CPI – Prevailing consumer price index
     Unemployment - Prevailing unemployment rate
    Holiday Events
    Super Bowl: 12-Feb-10, 11-Feb-11, 10-Feb-12, 8-Feb-13
    Labour Day: 10-Sep-10, 9-Sep-11, 7-Sep-12, 6-Sep-13
    Thanksgiving: 26-Nov-10, 25-Nov-11, 23-Nov-12, 29-Nov-13
    Christmas: 31-Dec-10, 30-Dec-11, 28-Dec-12, 27-Dec-13
    Analysis Tasks
    Basic Statistics tasks
     Which store has maximum sales
     Which store has maximum standard deviation i.e., the sales vary a lot. Also, find out the
    coefficient of mean to standard deviation
     Which store/s has good quarterly growth rate in Q3’2012
     Some holidays have a negative impact on sales. Find out holidays which have higher sales
    than the mean sales in non-holiday season for all stores together
     Provide a monthly and semester view of sales in units and give insights
    Statistical Model
    For Store 1 – Build  prediction models to forecast demand
     Linear Regression – Utilize variables like date and restructure dates as 1 for 5 Feb 2010
    (starting from the earliest date in order). Hypothesize if CPI, unemployment, and fuel price
    have any impact on sales.
     Change dates into days by creating new variable.
    Select the model which gives best accuracy.

    To download the datasets click here - 

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