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Effects of Black Fridays on Purchasing Patterns of Males and Females

   

Added on  2023-01-19

21 Pages3143 Words68 Views
INVESTIGATING THE EFFECTS OF BLACK FRIDAYS ON THE PURCHASING
PATTERNS OF MALES AND FEMALES

Contents
Section 1: The Problem...............................................................................................................................3
Section 2: Understanding the Data..............................................................................................................4
Section 3: Prepare the Data........................................................................................................................11
Section 4: Generate and Test Prediction Models.......................................................................................12
Section 5: Problem Conclusions and Recommendations...........................................................................14
References.................................................................................................................................................15
Appendix...................................................................................................................................................17

Section 1: The Problem
A black Friday is a form of thanksgiving day for the businesses to their customers. Companies
choose to sell items at meagerer prices on a black Friday. Businesses organize Black Fridays for
different reasons. The important ideas for holding black Fridays include Advertising new
products, advertising existing products, the target for gaining new customers, a goal for retaining
existing customers by enhancing their loyalty to the business and its brands and a goal for
ensuring high volumes of sell.
A business would be interested in investigating or knowing whether any of the reason for
organizing a black Friday was met. The conclusion can be arrived at by analyzing sales data on a
black Friday. Therefore, the problem we have in this study is to investigate the purchasing
patterns of males and female customers on black Fridays. The question that we have to answer is
whether there is any significant difference in the purchasing powers of males and females of
different genders on a black Friday. The investigation has also been done on various product
categories. The inquiry into product categories is to investigate whether different product
categories experience any significant difference in purchasing powers on a black Friday.
The investigation is significant to the business owners in several ways. By knowing the
purchasing powers of both males and females, the businesses will be at a point of making
appropriate decisions on the number of stocks to maintain on a black Friday. Similarly, the
findings of the purchasing powers of different product categories will help the businesses to
know the types and amounts of products to have for a black Friday.
The data set that has been used in this report is secondary data. The data consists of black Friday
sales data that was obtained from the internet. Some of the parameters of the data include The id
of the customer, the age bracket of the customer, the gender of the customer, the product

category that the customer's purchase and the amount of purchase. The target attributes or
parameters from the data set include The age of the customer, the gender of the customer, the
category of the product and the amount of purchase.
The gender of a customer is a target attribute because it will help in identifying the purchasing
patterns of both males and females for appropriate decision-making. The age will be used to
determine the age bracket of people who are enthusiastic about black Fridays. The product
category is essential in determining the group of products that are most preferred on a black
Friday. Similarly, the purchase will be used to analyze the patterns according to the other
attributes like age and gender.
Section 2: Understanding the Data
The dataset consists of 53758 rows and 12 columns. Therefore, the data consists of 12 attributes
and 53758 data points (entries). The columns representing the attributes are: The product id, the
customer id, the gender of the customer, the age of the customer, the current city of residence of
the customer, the city that the customer comes from, product category 1, product category 2,
product category 3, marital status of the customer and the amount of purchase of the customer.
On the other hand, the columns representing the data points or observation are the customers
who purchased on a black Friday.
Out of the twelve (12) attributes, only six (6) are relevant to this study. The six characteristics
include The gender of the customer, the age of the customer, product category 1, product
category 2, product category 3 and the amount of purchase. Therefore, the exploration of the data
will be done only on the six attributes.

The six attributes include both numerical and categorical data. The gender of the customer and
the three product categories are categorical. On the other hand, age and the amount of purchase
are numerical data. The exploration of the attributes have been done in Tableau and R. The
following three graphs shows the exploration in Tableau.
The first exploration is a histogram of purchase across the age groups. The histogram represents
the distribution of purchasing powers across the age groups. The bars represent the amount of
purchase. Therefore, the longer the bar, the larger the purchase and vice versa.
Therefore, from the histogram below, it is clear that the highest purchase was made by those in
the age bracket of 26-35 years while the least purchases were made by those in the age bracket of
0-17 and those who are above 55 years of age. The results are not surprising at all. Those in the
age brackets of 26 -35 are probably working or actively engaged in businesses, and hence they
have some disposable income. Moreover, they spend much of their time on the internet and have
much information about black Fridays.

The purchasing patterns of different age groups can also be represented by the following bubble
graphs. The size of the bubble represents the amount of purchase. Therefore, the bigger the
bubble, the higher the purchase.

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