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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Retail 325
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Transforming Business Analysis With Big Data: A Decision-Maker’s Guide

Analysts Corner

The process of descriptive analysis [own elaboration] For example, a business analyst working in retail uses descriptive analytics to analyze sales data from the past year. Predictive Analytics Predictive analytics uses statistical models and ML techniques to forecast future outcomes based on historical data.

Big Data 130
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Plan Precisely with Predictive Analytics!

ElegantJ BI

Is Predictive Analytics Real or Does it Promise More Than it Delivers? Why would anyone want or need to use predictive analytics? Here are just a few of the ways in which you can use predictive analytics to refine your business strategy, discover opportunities and plan for the future.

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Plan Precisely with Predictive Analytics!

ElegantJ BI

Is Predictive Analytics Real or Does it Promise More Than it Delivers? Why would anyone want or need to use predictive analytics? Here are just a few of the ways in which you can use predictive analytics to refine your business strategy, discover opportunities and plan for the future.

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AI Leads to Powerful New Fraud Detection Software for E-commerce

Smart Data Collective

Many financial institutions are already using these types of predictive analytics models to fight fraud. E-commerce Fraud: A Digital Dilemma E-commerce fraud involves fraudulent transactions or practices in the realm of online retail. This can include credit card fraud, return fraud, or the sale of counterfeit goods.

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Advanced Data Analytics for the Smart Retailers

BizAcuity

The retail industry across the globe has been facing a rough patch for the past 24-36 months due to multiple disruptions- the pandemic, rising inflation, shortage of materials (like semiconductors), and stagnant demand for goods. The new wave of retail experience: the omnichannel boom. Omnichannel retailing: Challenges & Solutions.

Retail 147
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Deep Dive into Predictive Analytics Models and Algorithms

Marutitech

You leave for work early, based on the rush-hour traffic you have encountered for the past years, is predictive analytics. Financial forecasting to predict the price of a commodity is a form of predictive analytics. Simply put, predictive analytics is predicting future events and behavior using old data.