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Predictive Analytics in Retail

Predictive Analytics in Retail

March 29, 2025 Machine Learning

Predictive analytics is revolutionizing the retail industry by enabling data-driven decision making across various business functions. Retailers are leveraging predictive analytics to: 1. **Demand Forecasting**: Predict future sales to optimize inventory levels and reduce stockouts or overstock situations. 2. **Price Optimization**: Determine optimal pricing strategies based on customer behavior, competitor …

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Welcome to my data science blog where I share insights, tutorials, and thoughts on data science, machine learning, and analytics.

Topics include:

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