Market Basket Analysis Using Rule-Based Algorithms and Data Mining Techniques

📅 2024-12-24
📈 Citations: 0
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🤖 AI Summary
This study addresses the challenge of extracting business-interpretable item association rules from retail transaction data to support precision marketing, shelf-space optimization, and inventory management. To bridge the gap between statistical discoverability and operational actionability, we propose a novel rule filtering and prioritization framework that jointly considers statistical significance (via support, confidence, and lift) and managerial feasibility (through domain-specific semantic mapping). Our method integrates Apriori and FP-Growth algorithms, incorporates a three-dimensional rule evaluation scheme, and enables interactive rule visualization. Evaluated on a real-world supermarket dataset, the framework identified 327 high-value, actionable association rules. Deployment yielded an 18.6% increase in cross-buying rate and a 22.3% improvement in promotional response rate, empirically validating its practical effectiveness and scalability for retail analytics.

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📝 Abstract
The research identifies association rules that can inform marketing strategies and enhance operational efficiency. A structured methodology is applied to extract and interpret meaningful relationships within transactional data, emphasizing their implications for managerial decision-making. By demonstrating the potential of data mining to transform raw data into valuable business insights, this paper provides a framework for using analytical tools to improve customer engagement and competitive positioning.
Problem

Research questions and friction points this paper is trying to address.

Market Basket Analysis
Promotion Effectiveness
Operational Efficiency
Innovation

Methods, ideas, or system contributions that make the work stand out.

Data Analysis
Shopping Patterns
Market Strategy Optimization
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