PREDICTIVE MODELLING OF MARKET TRENDS: AN EMPIRICAL ANALYSIS IN THE RETAIL SECTOR

This research paper delves into the realm of predictive modelling to explore and analyze market trends within the dynamic landscape of the retail sector. Employing an empirical approach, we leverage advanced statistical methods and machine learning algorithms to forecast market behaviors and identify key factors influencing consumer preferences and purchasing patterns. Through an extensive examination of historical data and real-time market indicators, our study aims to provide actionable insights for retailers seeking a competitive edge in an ever-evolving marketplace. The research contributes to the growing body of knowledge in predictive analytics, offering a nuanced understanding of the intricate interplay between various market variables. The findings not only deepen our comprehension of consumer behavior but also serve as a valuable resource for industry practitioners, policymakers, and academics navigating the complexities of contemporary retail dynamics.

 

Keywords: Retail Sector, Statistical Methods, Machine Learning Algorithms, Industry Practitioners.


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