This R script analyzes traffic data for Michaels stores and compares it with competitor stores (AC Moore, Hobby Lobby, JoAnn Fabrics) to derive insights into market share and proximity.
This script is designed to perform traffic analysis for Michaels stores and their competitors. It leverages traffic data, sales data, and store information to calculate market share and analyze the proximity of Michaels stores to competitor stores.
Make sure you have R and RStudio installed on your system. Additionally, ensure that the required R packages are installed. You can install them by running the following command in R:
install.packages(c("dplyr", "geosphere"))- Clone the repository or download the provided R script.
git clone https://github.com/your-username/your-repository.git-
Open the R script (
main_script.R) in RStudio or any R-compatible environment. -
Update the file paths in the script to point to your specific input files.
Run the main function in the script to execute the entire workflow. The script will load necessary data, perform analysis, and print the results.
source("main_script.R")
main()The code is organized into several functions for modularity and readability. Here is an overview of the functions:
load_store_lists: Load Michaels and competitor store lists.load_traffic_data: Load traffic data, sales data, and competitor sales data.merge_traffic_store_info: Merge traffic data with Michaels store information.merge_comp_store_traffic: Merge competitor store data with traffic data.calculate_distances: Calculate distances between Michaels stores and competitor stores.calculate_traffic_market_share: Calculate traffic market share.main: Main function to run the entire analysis.
Feel free to explore each function for more details on its functionality.