Customer Analytics in Large Organizations
Question Description
Write a report in 4000 words
Your task is to analyze daily operation of our supermarket and identify its risks at 5% level. Prepare a brief report for the following questions:
What are average total sales/turnover per day. For this report, we are interested in dollar value only. We will assume that supermarket profits are proportional to its turnover. Customer Analytics in Large Organizations
What is a “worst case” scenario with 5% probability. Get an estimation from the empirical (observed) data. Then fit an appropriate distribution in to sales data and estimate 5% tale for that distribution.
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Exercise 2
This is your second asses sable exercise which is part of the continuous assessment. This exercise is worth 10 points of your final grade.
For this exercise, you will work with the same supermarket data you used in Assignment 1. I suggest focusing on one-year data only – 2015. Mixing different years might be a bad idea as prices might change due to inflation. Customers behavior might change over time as well. Many businesses have fixed expenditures, like rent, power bills, wages, supply cost, and somewhat random income flow that depends a number of customers/sales for any given period of time. So, even a very good organization might become a bankrupt if it has an “unlucky” period and no savings to cover a shortfall between expenses and incomes.
Your task is to analyze daily operation of our supermarket and identify its risks at 5% level. Prepare a brief report for the following questions: Customer Analytics in Large Organizations