Summary
In this chapter, we introduced two algorithms that are very helpful in marketing scenarios. Biclustering is a method for performing clustering on a matrix dataset with two different views correlated by a medium factor. The model facilitates the discovery of the checkerboard structure of such a dataset and can be employed whenever it's helpful to discover segments of elements (for example, customers or products) that share the same medium factor. A classic application is the creation of recommender systems that can immediately identify the similarities existing between a group of customers and products and help marketeers to provide suggestions with a high conversion likelihood.
Apriori is an efficient solution for performing market basket analysis on large transaction datasets. It enables discovery of the most important association rules existing in the dataset so as to plan optimal marketing strategies. Classical applications are product segmentation, promotion planning...