Question: Question 1 Using market basket analysis, construct a combination of two purchased items into an appropriate table or matrix. Record the following: ( i )

Question 1
Using market basket analysis, construct a combination of two purchased items into an appropriate table or matrix. Record the following:
(i) Frequency
(ii) Support
(iii) Confidence
(iv) Lift
Which of the following 3 combinations would you prioritize? Justify the reason. \begin{tabular}{l|c|c|c|c|}
& \multicolumn{1}{c}{ Purchase 1} & \multicolumn{1}{c}{ Purchase 2} & Purchase 3 & Purchase 4\\
\hline Retailer A & S.Phone & S.watch & Earbuds & Charger \\
\hline Retailer B & S.Watch & S. Phone & Earbuds & \\
\hline Retailer C & S.Phone & Tabs & S.watch & \\
\hline Retailer D & S.Phone & Tabs & & \\
\hline Retailer E & Tab & Earbuds & S.watch & \\
\hline
\end{tabular}
 Question 1 Using market basket analysis, construct a combination of two

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!