Transparent Peer Review By Scholar9
Integrating Data Mining and Predictive Modeling Techniques for Enhanced Retail Optimization
Abstract
This paper discusses in detail advanced techniques for predictive modeling and temporal pattern analysis in the retail sector. In this paper, we apply the Apriori algorithm to mine association rules, identifying key relationships between products and customer purchase patterns. We applied sequential pattern mining using the PrefixSpan algorithm to identify frequent purchasing sequences that allow for more personalized marketing. We are going to use the Prophet model for time-series forecasting, which will help in arriving at future sales and inventory requirements and provide accuracy metrics like Mean Absolute Error and Root Mean Squared Error. In this manner, these methods will be integrated to show their combined potential to enhance inventory management, optimize marketing efforts, and generally improve retail operations.
Vijay Bhasker Reddy Bhimanapati Reviewer
19 Sep 2024 04:37 PM
Approved
Relevance and Originality
The paper addresses a significant area in the retail sector: predictive modeling and temporal pattern analysis. The application of advanced techniques such as the Apriori algorithm and PrefixSpan for mining customer purchase patterns demonstrates originality and relevance to improving marketing and inventory management strategies. Incorporating recent trends in retail, such as omnichannel shopping behaviors, could further enhance the discussion's applicability.
Methodology
The methodology employs a combination of well-established algorithms—Apriori for association rule mining, PrefixSpan for sequential pattern mining, and the Prophet model for time-series forecasting. While these choices are appropriate, more detail on how the data was collected and preprocessed would strengthen the methodology. Additionally, discussing the specific parameters and configurations used in each algorithm would provide clearer insights into the implementation.
Validity & Reliability
The validity of the findings relies on the quality and representativeness of the dataset used. Clarifying the dataset's source, size, and diversity would enhance reliability. Including performance metrics for each model, such as precision and recall for association rules and forecasting accuracy for the Prophet model, would provide a more comprehensive evaluation of effectiveness.
Clarity and Structure
The article is well-written but could benefit from improved organization. Structuring the content into clear sections—such as introduction, methodology, results, and discussion—would enhance readability. Utilizing headings and subheadings to differentiate between different analytical techniques would make it easier for readers to follow the paper's flow.
Result Analysis
While the paper mentions the integration of methods to enhance inventory management and optimize marketing efforts, providing specific results or case studies demonstrating these benefits would strengthen the findings. Discussing the implications of the results for retailers and suggesting areas for future research could also enrich the overall contribution of the study.
IJ Publication Publisher
Ok Sir
Vijay Bhasker Reddy Bhimanapati Reviewer