Recent Trends in Future Prospective in Engineering and Management Technology |
Foundation of Computer Science USA |
RTFEM2016 - Number 2 |
July 2016 |
Authors: Nidhi Maheshwari, Nikhilendra K. Pandey, Pankaj Agarwal |
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Nidhi Maheshwari, Nikhilendra K. Pandey, Pankaj Agarwal . Market Basket Analysis using Association Rule Learning. Recent Trends in Future Prospective in Engineering and Management Technology. RTFEM2016, 2 (July 2016), 20-24.
The proposed paper focusses on the basic concepts of association rule mining and the market basket analysis of different items. In the current study, the market analysis would be done by collecting the real, primary data directly from retailers and wholesalers. The efficiency of the FP-Growth algorithm can be measured in terms of mining of the frequent pattern. Precisely, we apply FP-Growth algorithm on the various data collected from different stores in order to trace the various association rules comprising of a basket. One discrete advantage is that it avoids the generation of candidate sets, which is computationally exhaustive. The results and conclusions drawn can be used in optimizing the market. This will help in predicting future trends and behaviours, allowing businesses to make knowledge-driven decisions.