Faithin Omaha eBook Collection

Download or read book DATA SCIENCE FOR GROCERIES MARKET ANALYSIS, CLUSTERING, AND PREDICTION WITH PYTHON GUI written by Vivian Siahaan and published by BALIGE PUBLISHING. This book was released on 2022-05-03 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this data science project is to analyze and predict customer behavior in the groceries market using Python and create a graphical user interface (GUI) using PyQt. The project encompasses various stages, starting from exploring the dataset and visualizing the distribution of features to RFM analysis, K-means clustering, predicting clusters with machine learning algorithms, and implementing a GUI for user interaction. The first step in this project involves exploring the dataset. We load the dataset containing information about customers' purchases in the groceries market and examine its structure. We check for missing values and perform data preprocessing if necessary, ensuring the dataset is ready for analysis. This initial exploration allows us to gain a better understanding of the data and its characteristics. Following the dataset exploration, we conduct exploratory data analysis (EDA). This step involves visualizing the distribution of different features within the dataset. By creating histograms, box plots, scatter plots, and other visualizations, we gain insights into the patterns, trends, and relationships within the data. EDA helps us identify outliers, understand feature distributions, and uncover potential correlations between variables. After the EDA phase, we move on to RFM analysis. RFM stands for Recency, Frequency, and Monetary analysis. In this step, we calculate three key metrics for each customer: recency (how recently a customer made a purchase), frequency (how often a customer made purchases), and monetary value (how much a customer spent). RFM analysis allows us to segment customers based on their purchasing behavior, identifying high-value customers and those who require re-engagement strategies. Once we have the clusters, we can utilize machine learning algorithms to predict the cluster for new or unseen customers. We train various models, including logistic regression, support vector machines, decision trees, k-nearest neighbors, random forests, gradient boosting, naive Bayes, adaboost, XGBoost, and LightGBM, on the clustered data. These models learn the patterns and relationships between customer features and their assigned clusters, enabling us to predict the cluster for new customers accurately. To evaluate the performance of our models, we utilize metrics such as accuracy, precision, recall, and F1-score. These metrics allow us to measure the models' predictive capabilities and compare their performance across different algorithms and preprocessing techniques. By assessing the models' performance, we can select the most suitable model for cluster prediction in the groceries market analysis. In addition to the analysis and prediction components, this project aims to provide a user-friendly interface for interaction and visualization. To achieve this, we implement a GUI using PyQt, a Python library for creating desktop applications. The GUI allows users to input new customer data and predict the corresponding cluster based on the trained models. It provides visualizations of the analysis results, including cluster distributions, confusion matrices, and decision boundaries. The GUI allows users to select different machine learning models and preprocessing techniques through radio buttons or dropdown menus. This flexibility empowers users to explore and compare the performance of various models, enabling them to choose the most suitable approach for their specific needs. The GUI's interactive nature enhances the usability of the project and promotes effective decision-making based on the analysis results. In conclusion, this project combines data science methodologies, including dataset exploration, visualization, RFM analysis, K-means clustering, predictive modeling, and GUI implementation, to provide insights into customer behavior and enable accurate cluster prediction in the groceries market. By leveraging these techniques, businesses can enhance their marketing strategies, improve customer targeting and retention, and ultimately drive growth and profitability in a competitive market landscape. The project's emphasis on user interaction and visualization through the GUI ensures that businesses can easily access and interpret the analysis results, making informed decisions based on data-driven insights.