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: Analyzing the US Home and Home-Improvement Sector Through the Lens of the BEST FrameworkRetail Shrink and ORC: Losing Inventory, Losing Customers—US Consumers’ Response to TheftGroceryshop 2023 Wrap-Up: Exploring the Top Five Themes Driving Grocery Retail InnovationSeptember 2024 US Retail Sales Outlook: Projecting 4% Sales Growth After Interest Rate Cut