Time Series Data Mining: A Retail Application

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. Time series data mining methodology identifies commonalities between sets of time-ordered data. Time series data mining detects similar time series using a technique known as dynamic time warping (DTW). This research provides a practical application of time series data mining. A real-world data set was provided to the authors by dunnhumby. A time series data mining analysis is performed using retail grocery store chain data and results are provided.