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Analytics for Retail - A Step-by-Step Guide to the Statistics Behind a Successful Retail Business (Paperback, 1st ed.)
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Analytics for Retail - A Step-by-Step Guide to the Statistics Behind a Successful Retail Business (Paperback, 1st ed.)
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Examine select retail business scenarios to learn basic
mathematics, as well as probability and statistics required to
analyze big data. This book focuses on useful and imperative
applied analytics needed to build a retail business and explains
mathematical concepts essential for decision making and
communication in retail business environments. Everyone is a buyer
or seller of products these days whether through a physical
department store, Amazon, or their own business website. This book
is a step-by-step guide to understanding and managing the mechanics
of markups, markdowns, and basic statistics, math and computers
that will help in your retail business. You'll tackle what to do
with data once it is has accumulated and see how to arrange the
data using descriptive statistics, primarily means, median, and
mode, and then how to read the corresponding charts and graphs.
Analytics for Retail is your path to creating visual
representations that powerfully communicate information and drive
decisions. What You'll Learn Review standard statistical concepts
to enhance your understanding of retail data Understand the
concepts of markups, markdowns and profit margins, and probability
Conduct an A/B testing email campaign with all the relevant
analytics calculated and explained Who This Book Is For This is a
primer book for anyone in the field of retail that needs to learn
or refresh their skills or for a reader who wants to move in their
company to a more analytical position.
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