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Data Mining for Business Analytics
book

Data Mining for Business Analytics

by Galit Shmueli, Peter C. Bruce, Peter Gedeck, Nitin R. Patel
November 2019
Beginner to intermediate
608 pages
16h 33m
English
Wiley
Content preview from Data Mining for Business Analytics

CHAPTER 21 Cases

21.1 Charles Book Club1

CharlesBookClub.csv is the dataset for this case study.

The Book Industry

Approximately 50,000 new titles, including new editions, are published each year in the United States, giving rise to a $25 billion industry in 2001. In terms of percentage of sales, this industry may be segmented as follows:

16% Textbooks
16% Trade books sold in bookstores
21% Technical, scientific, and professional books
10% Book clubs and other mail-order books
17% Mass-market paperbound books
20% All other books

Book retailing in the United States in the 1970s was characterized by the growth of bookstore chains located in shopping malls. The 1980s saw increased purchases in bookstores stimulated through the widespread practice of discounting. By the 1990s, the superstore concept of book retailing gained acceptance and contributed to double-digit growth of the book industry. Conveniently situated near large shopping centers, superstores maintain large inventories of 30,000–80,000 titles and employ well-informed sales personnel. Book retailing changed fundamentally with the arrival of Amazon, which started out as an online bookseller and, as of 2015, was the world’s largest online retailer of any kind. Amazon’s margins were small and the convenience factor high, putting intense competitive pressure on all other book retailers. Borders, one of the two major superstore chains, discontinued operations in 2011.

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Publisher Resources

ISBN: 9781119549840Purchase book