What is market basket analysis? How would you do it in Python?
Market basket analysis is the study of items that are purchased or grouped in a single transaction or multiple, sequential transactions.
Understanding the relationships and the strength of those relationships is valuable information that can be used to make recommendations, cross-sell, up-sell, offer coupons, etc.
Market Basket Analysis is one of the key techniques used by large retailers to uncover associations between items.
It works by looking for combinations of items that occur together frequently in transactions.
To put it another way, it allows retailers to identify relationships between the items that people buy.