Chapter 5. Affinity Analysis
Affinity analysis is the heart of Market basket analysis (MBA). It can discover co-occurrence relationships among activities performed by specific users or groups. In retail, affinity analysis can help you understand the purchasing behavior of customers. These insights can drive revenue through smart cross-selling and upselling strategies and can assist you in developing loyalty programs, sales promotions, and discount plans.
In this chapter, we will look into the following topics:
- Market basket analysis
- Association rule learning
- Other applications in various domains
First, we will revise the core association rule learning concepts and algorithms, such as support, lift, Apriori algorithm, and FP-growth algorithm. Next, ...
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