BigMart Retail Sales

Nothing ever becomes real till it is experienced.

-John Keats

While we don't know the context in which John Keats mentioned this, we are sure about its implication in data science. While you would have enjoyed and gained exposure to real world problems in this challenge, here is another opportunity to get your hand dirty with this practice problem.

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Problem Statement :

The data scientists at BigMart have collected 2013 sales data for 1559 products across 10 stores in different cities. Also, certain attributes of each product and store have been defined. The aim is to build a predictive model and find out the sales of each product at a particular store.

Using this model, BigMart will try to understand the properties of products and stores which play a key role in increasing sales.

Please note that the data may have missing values as some stores might not report all the data due to technical glitches. Hence, it will be required to treat them accordingly.

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Data :

We have 14204 samples in data set.

Variable Description

Item Identifier: A code provided for the item of sale

Item Weight: Weight of item

Item Fat Content: A categorical column of how much fat is present in the item: ‘Low Fat’, ‘Regular’, ‘low fat’, ‘LF’, ‘reg’

Item Visibility: Numeric value for how visible the item is

Item Type: What category does the item belong to: ‘Dairy’, ‘Soft Drinks’, ‘Meat’, ‘Fruits and Vegetables’, ‘Household’, ‘Baking Goods’, ‘Snack Foods’, ‘Frozen Foods’, ‘Breakfast’, ’Health and Hygiene’, ‘Hard Drinks’, ‘Canned’, ‘Breads’, ‘Starchy Foods’, ‘Others’, ‘Seafood’.

Item MRP: The MRP price of item

Outlet Identifier: Which outlet was the item sold. This will be categorical column

Outlet Establishment Year: Which year was the outlet established

Outlet Size: A categorical column to explain size of outlet: ‘Medium’, ‘High’, ‘Small’.

Outlet Location Type: A categorical column to describe the location of the outlet: ‘Tier 1’, ‘Tier 2’, ‘Tier 3’

Outlet Type: Categorical column for type of outlet: ‘Supermarket Type1’, ‘Supermarket Type2’, ‘Supermarket Type3’, ‘Grocery Store’

Item Outlet Sales: The number of sales for an item.

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Evaluation Metric:

We will use the Root Mean Square Error value to judge your response