Industry Use Case

Retail Sales Insights Using Statistical Analysis

This project emphasizes on the core concept of Data mining Techniques and Statistical tests to validate the hypotheses.

Sales Insights using Statistical Analysis for a Shoe Retail Store
  • 3 bar graph
    Difficulty: Advanced

    Designed for those with a technical background or industry experience

  • Asset 1
    Duration: Approximately 3 hours

Course Overview

  • Making a statistical determination utilizing experimental data requires the application of the statistical approach known as hypothesis testing. To identify which statement is best supported by the sample data, hypothesis testing compares two statements about a population that are mutually exclusive.
  • The global footwear market had a value of $365.5 billion in 2020, and by 2027, it is anticipated to grow to $530.3 billion. To gain new insights, the sales dataset of a retail business needs to be evaluated and validated using hypothesis testing to identify suitable strategies for amplifying sales.
  • Learn to use the concept of Hypothesis testing to analyze sales of a shoe retail store.

What’s included

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Skills you will learn

Statistical Analysis

Data Transformation

Data Mining

Data Visualization

Data Management

Hypothesis Testing

Associated Learning Tracks

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