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Produce Market Basket Specifications TemplateNOTE TO SCHOOL: Use whatever products you wish to get bids on and delete the rows you don\'t need. PRODUCE MARKET BASKET SPECIFICATIONSNOTE: Vendors may
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Identify the data source containing transactional data
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Who needs market basket analysis when?

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Retailers looking to optimize product placement and promotions
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E-commerce companies aiming to personalize recommendations
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Marketers wanting to understand customer buying patterns
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Supply chain managers interested in optimizing inventory management

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Market basket analysis is a technique used by retailers to discover the relationships between products that are frequently purchased together by customers.
Retailers and e-commerce businesses are required to file market basket analysis when they want to analyze customer purchasing patterns.
Market basket analysis can be filled out by using software tools like data mining algorithms to analyze transaction data and identify patterns.
The purpose of market basket analysis is to understand customer behavior, improve product placement, and increase sales by offering personalized recommendations.
Information such as the products purchased together, frequency of purchases, and association rules between products must be reported on market basket analysis.
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