Four Ways of Using Cluster Analysis in Retail Management to Improve Sales
Logistics Viewpoints
DECEMBER 15, 2022
Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Since there are often differences in store sizes, a metric representing the size can be added as well for a two-dimensional clustering approach. Asena holds B.S.
Let's personalize your content