Project Overview
This big mart sales prediction is the best example of how data science methods can be applied to real-life sales data in retail. You will be using a dataset from Kaggle containing some rigorous features like product type, item exposure, your store’s location as well as customer information to create a perfect sales prediction model.
The project begins with data cleaning and preprocessing, where you’ll also deal with missing values and scaling of features for model training. You will then move to feature engineering and explore data analysis (EDA) on customers and products to assess patterns and trends in customer buying behaviors and product performance.
When progressing to building the regression model, you’ll discover basic concepts such as scaling the data, selecting features, and optimizing the model. Techniques like linear regression, random forest regression, and hyperparameter tuning will generate the sales figure model for Big Mart products.
That is why you can include this project in your portfolio as it will let you have practical experience in both predictive modeling and retail analysis. If you want to get a job as a data scientist, e-business, or business analyst, this project will help you to improve your ability and confidence.
Prerequisites
Learners must develop some skills before undertaking this Big Mart Sales Prediction project Here’s what you should ideally know:
- Understanding of basic knowledge of Python for data analysis and manipulation
- Knowledge of libraries such as Pandas, Numpy, and Matplotlib for data manipulation and data visualization respectively.
- Understanding of data preprocessing steps such as how to deal with missing values, normalization, and scaling.
- Familiarity with exploratory data analysis (EDA) to find out patterns and growing trends in sets.
- Elementary concepts about regression models in order to learn how predictive modeling works
- Machine learning frameworks such as Scikit-Learn for building, training, and assessing models
Approach
First, we begin with data loading and cleaning to ensure high-quality data. Then, EDA reveals some useful insights and key patterns in sales.
After that use feature engineering to create impactful variables. After preprocessing with scaling and encoding, you’ll select and train regression models. Hyperparameter tuning then optimizes model accuracy, evaluated with metrics like MAE and RMSE. Finally, the model generates sales predictions and insights, enhancing the understanding of retail sales trends for better decision-making.
Workflow and Methodology
Here's a step-by-step workflow you'll follow to build a successful sales prediction model:
- Data Collection and Loading: Begin by collecting the Big Mart sales data set from Kaggle and loading and importing them to a Pandas data frame
- Data Cleaning: To improve data quality, you need to detect and deal with missing values, ensure correct data type of data, and the handling of outliers.
- Exploratory Data Analysis (EDA): By applying EDA, you can understand the distribution of data and the prominent features, with an analysis of patterns or trends of sales.
- Feature Engineering: Create new columns and transform existing ones (categorical variables encoding) for better results of the model.
- Data Preprocessing: You have to scale the numerical data and convert the categorical data into numeric data for better model training.
- Model Selection: Use Regression models as this is a regression task.
- Model Training: Train all models with cleaned data and prepared data.
- Model Evaluation: Compare the model using other parameters such as the Mean Absolute Error (MAE) and the Root Mean Squared Error (RMSE) metrics.
- Prediction and Insights: Use the final model to predict sales, and generate insights to help improve Big Mart’s sales strategies.
Data Collection and Preparation
Data collection
Big Mart Sales dataset is available in Kaggale. It is possible to conveniently and securely access a Kaggle dataset from within Google Colab after configuring your Kaggle credentials to prevent compromising sensitive information. It brings in the user’s data to collect securely the Kaggle API key and username and assigns them as environment variables. This enables the use of Kaggle’s CLI command (!kaggle datasets download -d brijbhushannanda1979/bigmart-sales-data) which authenticates the user and downloads the dataset straight into Colab.
Data Preparation
Data preparation workflow
- Data Cleaning: Handling missing values with median or mode. Then convert data types into correct formats.
- Outlier Management: Detects outliers for better model performance using statistical methods like IQR.
- Feature Engineering: Transform categorical variables with label encoding or one-hot encoding. Create additional features if they can improve model performance.
- Scaling and Normalization: Use StandardScaler to normalize numeric columns.
- Data Splitting: Split data into training and testing sets to prepare for model training.