When examining the analytic application of market basket analysis, what customer is buying what product at what location business is the question not being asked?
These tools provide insight into expected future outcomes. Predictions are based on descriptive data, but with additional predictions using data science and algorithms, often using multiple data sets.
Structured problems occur only in isolated cases. This assumption in regression analysis indicates that the market basket relationship between the response and explanatory variables is linear.
A market basket is a selected combination of goods and services that tracks the performance of a particular market or segment.
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