Do you think we can predict the future?? well yes!!
Problem Statement : Well, consider you are owning a mall and you get to know that you can predict how many people will come to mall the Next day or in the Next Month you will be flattered!!! Because Footfall analysis helps you to:
Get real time data about shopper’s journey
Optimize mall/store performance
Schedule your next event by analyzing the peak time
Change or relocate low traffic stores near to a high traffic area.
Allocate more staffs ob busiest time
Check whether the visitors are following the mandatory COVID 19 instructions.
Improve customer experience
Evaluate the impact of new digital signage
Measure tenant sale
Acquire the deeper insights about sales volume and variations in ROI during different promotions.
Increase the sales potential
Identify bottle neck areas inside the mall
Analyze in store activity.
Monitor the success of running promotions to boost the ROI.
OBEJCTIVE : To Forecast Footfalls for Future Months using Time Series Analysis