Tag: e-commerce
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Top E-Commerce Trends in 2023
Featured Photo by PhotoMIX Company on Pexels E-commerce has grown to become a giant pillar in the global economy. The current global e-commerce industry is measured as $5.7 trillion in 2022. The global ecommerce growth rate for 2023 is forecast at 10.4%, bringing global ecommerce sales worldwide to $6.3 trillion. This marks a 0.7 percentage point increase from 2022’s growth…
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SARIMAX Forecasting of Online Food Delivery Sales
This article provides a beginner-friendly guide to understanding and evaluating ARIMA-based time-series forecasting models such as SARIMA and SARIMAX. It focuses on an QC-optimized SARIMA(X) model to forecast the e-commerce sales of a food delivery company. The post covers essential concepts, data processing, model comparisons, and insights. It also includes a comparison between SARIMA and…
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Simple E-Commerce Sales BI Analytics
Good businesses learn from previous efforts and test future ideas using e-commerce analytics (ECA). ECA enable you to delve deep into historical BI data, and future forecasting so that you can make the optimized business decisions. The key benefits of ECA are as follows: Improve your ROI while lowering your CAC. Measure the effectiveness of…
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K-means Cluster Cohort E-Commerce
K-means Clusters – Cohort Analysis applied to E-Commerce Understanding who your customers are and what they want is a fundamental part of any successful business. It can become increasingly challenging to create a one-size-fits-all customer profile. This is where the concept of cluster-based cohort analysis comes in.
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E-Commerce Data Science Use-Case
In response to the surge of online shopping, a Data Science (DS) based customer analytics platform focusing on customer profiling, sentiment analysis, and customer lifetime value prediction is being developed. This platform utilizes the Exploratory Data Analysis (EDA) pipeline employing the Python library, Pandas. The platform is capable of product recommendation, customer trend analysis, sales…
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Start Your Shopify Business
Let us Build a Shopify Online Marketplace from Scratch: Build a professional Shopify store. Optimise a Shopify store for conversions. If you’re selling digital products online, you need Shopify to deliver your content. This is an easy way to maximize CLV, and run your online business with VA.
