Time Series Data Mining: A Retail Application Using SAS Enterprise Miner

Modern technologies have allowed for the amassment of data at a rate never encountered before. Organizations are now able to routinely collect and process massive volumes of data. A plethora of regularly collected information can be ordered using an appropriate time interval. The data would thus be developed into a time series. With such data, analytical techniques can be employed to collect information pertaining to historical trends and seasonality. Time series data mining methodology allows users to identify commonalities between sets of time-ordered data. This technique is supported by a variety of algorithms, notably dynamic time warping (DTW). This mathematical technique supports the identification of similarities between numerous time series. The following research aims to provide a practical application of this methodology using SAS Enterprise Miner, an industry-leading software platform for business analytics. Due to the prevalence of time series data in retail settings, a realistic product sales transaction data set was analyzed. This information was provided by dunnhumbyUSA. Interpretations were drawn from output that was generated using “TS nodes” in SAS Enterprise Miner

SURVEY ON ADVISOR INTELLIGENCE THROUGH PURCHASE PATTERNS AND SALES ANALYTICS

In mutual fund, an individual or a firm that is in the business of giving advice about securities to clients is an investment advisor. Investment advisers are individuals or firms that receive compensation for giving advice on investing in stocks, bonds, mutual funds, or exchange-traded funds. Investment advisors manage portfolios of securities. Advisors can use new cognitive and analytics capabilities to better understand their clients and needs and have a stronger ability to deepen relationships with a better portfolio. In this paper, we analyze data points foreach advisor, and distinguish the best prospects, obtain insight into their experience and credentials, and learn about their portfolio, in other words, to recognize the pattern of portfolio of the advisors. Such analysis helps the sales people to sell the fund company products to the suitable advisors based on the nature of the product they want to sell. This is done by investigating what kind of products advisors have been buying, and what kind of products they might be looking for. This helps to increase the sales of the products as sales people will be reaching the appropriate advisors

Parsimonious Time Series Clustering

We introduce a parsimonious model-based framework for clustering time course data. In these applications the computational burden becomes often an issue due to the number of available observations. The measured time series can also be very noisy and sparse and a suitable model describing them can be hard to define. We propose to model the observed measurements by using P-spline smoothers and to cluster the functional objects as summarized by the optimal spline coefficients. In principle, this idea can be adopted within all the most common clustering frameworks. In this work we discuss applications based on a k-means algorithm. We evaluate the accuracy and the efficiency of our proposal by simulations and by dealing with drosophila melanogaster gene expression data

Automated Detection of Electric Energy Consumption Load Profile Patterns

[EN] Load profiles of energy consumption from smart meters are becoming more and more available, and the amount of data to analyse is huge. In order to automate this analysis, the application of state-of-the-art data mining techniques for time series analysis is reviewed. In particular, the use of dynamic clustering techniques to obtain and visualise temporal patterns characterising the users of electrical energy is deeply studied. The performed review can be used as a guide for those interested in the automatic analysis and groups of behaviour detection within load profile databases. Additionally, a selection of dynamic clustering algorithms have been implemented and the performances compared using an available electric energy consumption load profile database. The results allow experts to easily evaluate how users consume energy, to assess trends and to predict future scenarios.The data analysed has been facilitated by the Spanish Distributor Iberdrola Electrical Distribution S.A. as part of the research project GAD (Active Management of the Demand), national project by DEVISE 2010 funded by the INGENIIO 2010 program and the CDTI (Centre for Industrial Technology Development), Business Public Entity dependent of the Ministry of Economy and Competitiveness of the Government of Spain.Benítez, I.; Diez, J. (2022). Automated Detection of Electric Energy Consumption Load Profile Patterns. Energies. 15(6):1-26. https://doi.org/10.3390/en1506217612615

The shocklet transform: a decomposition method for the identification of local, mechanism-driven dynamics in sociotechnical time series

We introduce a qualitative, shape-based, timescale-independent time-domain transform used to extract local dynamics from sociotechnical time series—termed the Discrete Shocklet Transform (DST)—and an associated similarity search routine, the Shocklet Transform And Ranking (STAR) algorithm, that indicates time windows during which panels of time series display qualitatively-similar anomalous behavior. After distinguishing our algorithms from other methods used in anomaly detection and time series similarity search, such as the matrix profile, seasonal-hybrid ESD, and discrete wavelet transform-based procedures, we demonstrate the DST’s ability to identify mechanism-driven dynamics at a wide range of timescales and its relative insensitivity to functional parameterization. As an application, we analyze a sociotechnical data source (usage frequencies for a subset of words on Twitter) and highlight our algorithms’ utility by using them to extract both a typology of mechanistic local dynamics and a data-driven narrative of socially-important events as perceived by English-language Twitter