IDEAS home Printed from https://ideas.repec.org/a/ags/agrarw/32007.html
   My bibliography  Save this article

Warenkorbanalysen mit Data Mining

Author

Listed:
  • Muller, Stephan

Abstract

With increasing price-competition in retail business, marketing becomes the critical success factor. All activities have to be oriented towards customer needs. Within marketing research, the individual act of purchase plays a decisive role and necessitates a holistic analysis of the market basket. Moreover, progress in information technology has enabled us to store huge amounts of data, including a valuable pool of business experiences. It is not possible to make this potential knowledge completely available with conventional statistical approaches. This is where Data Mining provides an ideal approach. It is an analysis process for extracting information from large databases. The aim of the study, submitted as diploma thesis at the ETH Zurich, is to show a possible Data Mining Process for analyzing sales data in retail business. Thereby the analysis is focused on the efficiency of the process model and the identification of professional needs. According to Hippner, the Data Mining Process is applied systematically on the basis of a Market Basket Analysis. The Association Analysis, which detects relevant correlations between different products of an assortment, is the core of the process. Problems of interpreting identified association rules make a transformation into marketing recommendations very difficult. Nevertheless, the Data Mining Process turned out to be very efficient.

Suggested Citation

  • Muller, Stephan, 2005. "Warenkorbanalysen mit Data Mining," Agrarwirtschaft und Agrarsoziologie\ Economie et Sociologie Rurales, Swiss Society for Agricultural Economics and Rural Sociology, vol. 2005(1), pages 1-16.
  • Handle: RePEc:ags:agrarw:32007
    DOI: 10.22004/ag.econ.32007
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/32007/files/05010145.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.32007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:agrarw:32007. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/sgaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.