Professional Documents
Culture Documents
Untitled Document
Untitled Document
In the planning document, key questions were identified to guide the data collection and
analysis process. These questions were crafted to address specific aspects related to
online engagement, cart abandonment, product returns, and customer loyalty.
The problem statement highlighted challenges in these areas, urging the need for a
strategic analysis that can unearth insights to inform a targeted marketing campaign.
Analysis Plan:
Inferential Analysis:
● Objective: Understanding the impact of online engagement on cart
abandonment.
● Analysis: Conduct correlation and regression analyses to infer whether a
correlation exists between high online engagement metrics and reduced
cart abandonment rates. This will involve assessing the statistical
significance of the relationship.
Descriptive Analysis:
● Objective: Describing the patterns in product returns.
● Analysis: Utilize descriptive statistics to identify common reasons for
returns, categorize returned products, and explore patterns such as time
trends and product categories with higher return rates.
Predictive Analysis:
● Objective: Predicting customer loyalty based on purchase behavior.
● Analysis: Implement predictive modeling using machine learning
algorithms to forecast customer loyalty. Factors such as repeat purchase
rates, satisfaction scores, and engagement metrics can be inputs for this
analysis.
Exploratory Analysis:
● Objective: Exploring potential factors influencing online engagement.
● Analysis: Use data mining techniques to explore patterns and relationships
within online engagement data. This could involve clustering algorithms to
identify segments with distinct engagement behaviors.
Type of Benchmarks:
Colleague Test:
Before finalizing insights, the colleague test will be performed by presenting the
visualizations and analyses to a colleague for feedback. This ensures clarity, coherence,
and effectiveness in conveying the findings.