What are the best statistical data analysis techniques to optimize customer flow in a retail store?
If you run a retail store, you know how important it is to optimize your customer flow. Customer flow is the movement of customers through your store, from the entrance to the checkout. It affects how long they stay, how much they buy, and how satisfied they are with their shopping experience. But how can you measure and improve your customer flow using data analysis? In this article, we will introduce some of the best statistical data analysis techniques to optimize customer flow in a retail store, based on the principles of operations research and stochastic processes.
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Niladri Sekhar DasManager AI and Advanced Analytics, Continuous Control Assurance- ADNOC GROUP | Ex- Etihad | Ex - Emirates | Data…
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Ashkan Mohammadi, Ph.D.Data Scientist | Quantitative AI Architect | Applied Mathematician | Operation Researcher | Math Olympiad Medalist
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Nkemdilim UdeokoroLecturer - Operations, Procurement & Supply Chain | Doctoral Researcher | CMILT, MCIPS(Chartered), CPIM, AFHEA