It is always a good idea to generate some hypotheses before proceeding to any data science project.
We can separate this process into four levels: Product level, Store level, Customer level, and Macro level.
Product level hypotheses:
- Brand: Branded products have more trust of the customers so they should have high sales.
- Visibility in Store: The location of the product placement also depends on the sales.
- Display Area: Products that are placed at an attention-catching place should have more sales.
- Utility: Daily use products have a higher tendency to sell compared to other products.
- Packaging: Quality packaging can attract customers and sell more.
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