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MARKET BASKET ANALYSIS
PRESENTED BY:
PRIYANKA . K
M.A.M COLLEGE OF ENGINEERING , TRICHY
CONTENT
• Introduction
• Objective
• Procedure(using Algorithm)
• Applications
• Conclusion
• Reference
INTROUCTION
• he most commonly cited example of market basket analysis is the so-called “beer and
diapers” case.
• The basic story is that a large retailer was able to mine their transaction data and find an
unexpected purchase pattern of individuals that were buying beer and baby diapers at the
same time.
WHAT IS MARKET BASKET ANALYSIS?
• Technique used by large retailers to uncover associates between items.
• Combination of items that occurs together frequently in transaction
OBJECTIVE
• To find frequently purchased item sets from large transactional Database.
THE APRIORI ALGORITHM,
• Step 1: This steps simply scans all of the transitions in order
to count the number of occurrences of each item , named it
as C1
• Step 2: Apply minimum support count, and items set that
satisfies the condition named as L1.(min support count=2)
• Step 3: To discover the set of frequent 2-itemsets,L2 the algorithm uses join L1xL2 to
generate a candidate set of 2-items, and count the occurrences of each set.
• Step 4: Apply min support count on C2, result will be 2-frequent item set L2
• Step 5: To generate 2- frequency item set , generate 3-item using L3xL2 and apply min
support count which be 3-frequency item set.
• Step 6:Continue until you get empty sets
APPLICATIONS
• Cross selling
• Product placement
• Affinity promotion
• Fraud detection
• Customer Behavior
CONCLUSION
• In python and MLxtend, the analysis process is relatively straightforward and since you
are in python, you have access to all the additional visualization techniques and data
analysis tools in the python ecosystem.
• Finally, I encourage you to check out the rest of the MLxtend library. If you are doing any
work in sci-kit learn it is helpful to be familiar with MLxtend and how it could augment
some of the existing tools in your data science toolkit.
REFERENCE
1.https://github.com/datacamp/Market-Basket-Analysis-in-python-live-training
2. https://youtu.be/4QIWJVVWJdQ
3. https://pbpython.com/market-basket-analysis.html
THANK YOU

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Market basket analysis

  • 1. MARKET BASKET ANALYSIS PRESENTED BY: PRIYANKA . K M.A.M COLLEGE OF ENGINEERING , TRICHY
  • 2. CONTENT • Introduction • Objective • Procedure(using Algorithm) • Applications • Conclusion • Reference
  • 3. INTROUCTION • he most commonly cited example of market basket analysis is the so-called “beer and diapers” case. • The basic story is that a large retailer was able to mine their transaction data and find an unexpected purchase pattern of individuals that were buying beer and baby diapers at the same time.
  • 4. WHAT IS MARKET BASKET ANALYSIS? • Technique used by large retailers to uncover associates between items. • Combination of items that occurs together frequently in transaction
  • 5. OBJECTIVE • To find frequently purchased item sets from large transactional Database.
  • 6. THE APRIORI ALGORITHM, • Step 1: This steps simply scans all of the transitions in order to count the number of occurrences of each item , named it as C1 • Step 2: Apply minimum support count, and items set that satisfies the condition named as L1.(min support count=2)
  • 7. • Step 3: To discover the set of frequent 2-itemsets,L2 the algorithm uses join L1xL2 to generate a candidate set of 2-items, and count the occurrences of each set. • Step 4: Apply min support count on C2, result will be 2-frequent item set L2
  • 8. • Step 5: To generate 2- frequency item set , generate 3-item using L3xL2 and apply min support count which be 3-frequency item set. • Step 6:Continue until you get empty sets
  • 9. APPLICATIONS • Cross selling • Product placement • Affinity promotion • Fraud detection • Customer Behavior
  • 10. CONCLUSION • In python and MLxtend, the analysis process is relatively straightforward and since you are in python, you have access to all the additional visualization techniques and data analysis tools in the python ecosystem. • Finally, I encourage you to check out the rest of the MLxtend library. If you are doing any work in sci-kit learn it is helpful to be familiar with MLxtend and how it could augment some of the existing tools in your data science toolkit.