ML/Statistical Model to Analyse the Distribution
Consider a Sample Data-set provided below;
|ShopID| |Transactions| |dist_to_shop|
S1 15478 0
S2 12345 0.41
S3 17865 0.11
S4 35479 0.57
S5 74589 0.35
The data-set consist of ShopID, Transactions and dist_to_shop (In Meters) fields. Assuming all the Shops belong to one retailer, I would like to find out the distribution of Transaction/People Visits to the other shops, by assigning weights/business rules on the basis of the distance.
For Example, the weights can be given as;
0-200 Meters = 40%
201-400 Meteres = 30%
401 Above = 20%
Question - What would happen if the ShopID S3 is closed and the possible transactions/people_count splitting or distributing in other shops based on the distance weights provided. It's similar to What-If Analysis. I would like to know the spread of the Transactions if a Shop Closes down.
My data-set almost looks similar to the one I have provided above. I would like to know the best approach to solve this scenario. Which ML/Statistical Model will be best suitable.
Any inputs will prove really valuable.
Edit: Changes made on 25/Feb/2019
Topic machine-learning-model simulation predictive-modeling r
Category Data Science