Kognitio examples
Basket Analysis | Basket Analysis |
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Basket Analysis which is the science of looking for combinations of things that frequently occur together. Nextanalytics provides an ideal environment for this kind of analysis and reporting. Start with a SQL query to get the data (as shown below). In the case of Basket Analysis, one would usually start with a specific key PRODUCT in mind. Thus, we'll assume the user supplied the value "After Eight." Our SQL query returned a list of products purchased with "After Eight".
Nextanalytics creates a crosstab by swapping the WEEK to the columns. (for more info on why this is cool, click here). This crosstab shows how many items were sold each week.
Nextanalytics easily computes summary columns, e.g.:
This crosstab shows the quantities on a weekly basis. As a marketer, you could be watching for response to promotional activity or an external influence.
It's not done in this example, but Nextanalytics also allows you to easily re-calculate so that outliers(unusual values) are more evident:
Continuing the analysis, Nextanalytics allows you to count, for each product and for each week, how many times only 1 was purchased with 'after eight' each week, how many times 2 were purchased, and so on.
This example has shown how to extend basic Basket Analysis into some so much more useful. All the foregoing operations were quite simple and only took a few minutes to produce. |