Question of the Week 1 minuteFree ReportHow Can Prescriptive Analytics Determine Retailers’ Corrective Actions? Coresight Research July 13, 2020 QUESTION OF THE WEEK: How Can Prescriptive Analytics Determine Retailers’ Corrective Actions? Prescriptive analytics has five core capabilities that incorporate machine learning to suggest corrective actions to retailers: Anomaly detection, whereby performance that deviates from an average or baseline for a variety of retail metrics is identified; assessing hidden demand—revenues that retailers could have collected but missed; sentiment analysis; clustering—the aggregation of similar customers, employees or stores; and shrink This document was generated for Other research you may be interested in: Party City and Big Lots To Close All Stores: What’s the $100 Billion Elephant in the Room?Weekly US and UK Store Openings and Closures Tracker 2024, Week 38: US Store Closures Climb Nearly 50% Year Over YearWeekly US and UK Store Openings and Closures Tracker 2023, Week 3: US Closures Down 24%Seasonal Shopping, 2Q24—Expectations for Memorial Day, Mother’s Day, Father’s Day and Holiday 2024: US Consumer Survey Insights Extra