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Predicting footfall of customers in a given store using SARIMAX model where exogenous predictors helped in better prediction.

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shaktipanda1235/Store_Footfall_Prediction_TSF

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Inspiration

Beyond Machine Learning Models, Time Series Forecasting plays an integral role for bussiness depending upon outlets and sales. So I tried an approch of solving a most common day to day customer visits to outlets, whose prediction can be bettered using both Linear Regression and Time Series Forecasting.

Explratory Data Analysis

  • About 20-25% of the values are zero for customers which may be an indication of store closure for that day.

  • Impact of the promotion is clearly visible in the grouped boxplots below even across month. However for December, no impact of promotion is visible. image

  • Customer count was high when there is a school holiday.

    image

Model Building

  • Dickey-Fulher tests suggested stationarity of time-series.

  • Various models are built with and without considering seasonality and a SARIMAX model with Time Varying Linear Model performed the best according to rmse values.

    image

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Predicting footfall of customers in a given store using SARIMAX model where exogenous predictors helped in better prediction.

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