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Maximise your retail insights with our retail analytics in MS Excel course. Understand the power of data-driven decision-making as you learn to analyse retail trends. optimise inventory and enhance business performance using advanced Excel techniques.
What will you learn from this course?
- Understand what is retail analytics and how does it work
- Learn the benefits of retail analytics
- Identify the types of retail data analytics
- Familiarise with how retail analytics used
- Learn retail analytics tools
- Acquire how to drive more revenue by leveraging retail analytics software
- Explore sale forecasting with retail analytics
- Get ideas about demand forecasting
- Understand market basket analysis
- Learn foot traffic counter
- Know how to calculate average transaction value
- Get retail conversion rate
- Discover inventory carrying cost
- Understand how to use regression analysis to forecast sales
- Learn how to improve profit margins
Retail Analytics In Microsoft Excel Course
This is a comprehensive designed course which will help you to acknowledge the required skills you need to calculate the retail analytics in Microsoft Excel. You will learn how to forecast demand and sales using particular methods to analyse the revenue beforehand. Other key concepts have been covered in this course to get a better comprehension . By the end of the course, you will be able to understand how to improve profit margins to enhance the business growth with the help of our expert’s guidance.
- Understand the basics of retail analytics
- How to drive revenue with retail analytics software
- Apply market basket analysis to increase sales
- Reduce inventory carrying cost
- Develop forecasting skills with analytics tool
Who is this Course for?
- This course is for new retail owners who want to develop expertise in collecting, analysing, and reporting on data related to retailing operations
- This course is suitable for entrepreneurs who want to improve their profit margin growth
- This course is ideal for newcomers who want to understand retail analytics to analyse customer behaviour and effectiveness of marketing campaign
- Retail managers who want to understand the process of collecting and studying retail date with retail analytics tools can enrol in this course
- Individuals who want to develop their own retail business can join and learn key takeaways with analytical data on inventory levels, forecasting sales, analysing revenue and more.
Entry Requirements
This course has no academic prerequisites and is open to students from all academic disciplines. You will, however, need a laptop, desktop, tablet, or smartphone and a reliable internet connection.
Assessment
This course assesses learners through multiple-choice questions (MCQs). Upon completing the modules, learners must answer MCQs to complete the assessment procedure.
- Through the MCQs, it is measured how much a learner can grasp from each section.
- In the assessment, the pass mark is 60%.
Advance Your Career
This course will provide you with significant opportunities to enter the relevant job market and select your desired career path. Additionally, by showcasing these skills on your resume, you will be able to develop your career, face more competitors in your chosen sector, and increase your level of competition.
If you are looking for a Customer Value and Promotion Strategy Course course enrol on our affordable and highly informative course, which will open your door towards a wide range of opportunities within your chosen sector.
Recognised Accreditation
CPD certificates are accepted by thousands of professional bodies and government regulators here in the UK and around the world. Many organisations look for employees with CPD requirements, which means, that by doing this course, you would be a potential candidate in your respective field.
The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries.
Course Curriculum
Introduction
Basics of Forecasting
Creating Linear Model with Trendlines
Gathering Business Knowledge
Data Exploration
The Data and the Data Dictionary
Univariate analysis and EDD
Discriptive Data Analytics in Excel
Outlier Treatment
Identifying and Treating Outliers in Excel
Missing Value Imputation
Identifying and Treating missing values in Excel
Variable Transformation in Excel
Dummy variable creation: Handling qualitative data
Dummy Variable Creation in Excel
Correlation Analysis
Creating Correlation Matrix in Excel
The Problem Statement
Basic Equations and Ordinary Least Squares (OLS) method
Assessing accuracy of predicted coefficients
Assessing Model Accuracy: RSE and R squared
Creating Simple Linear Regression model
Multiple Linear Regression
The F – statistic
Interpreting results of Categorical variables
Creating Multiple Linear Regression model
Forecasting in presence of special events
Excel: Running Linear Regression using Solver
Excel: Including the impact of Special Events
Models to identify Trend & Seasonality
Excel: Additive model to identify Trend & Seasonality
Excel: Multiplicative model to identify Trend & Seasonality
Market Basket and Lift – Introduction
Named Ranges – Excel
Indirect Function – Excel
2-way lift calculation in Excel
2-way lift calculation – Dynamic
2-way lift data table creation
3-way lift calculation
Store Layout optimization using Lift values
RFM (recency, frequency, monetary) Analysis
RFM Analysis in Excel- Part 1
RFM Analysis in Excel- Part 2
Steps of setting a Pricing policy
Different Pricing Objectives
Estimating Demand
Forms of Demand Curve
Excel: Estimating Linear Demand Curve
Excel: Estimating Power Demand curve with Elasticity
Excel: Estimating Power Demand Curve with points
Subjective Demand curve
Excel: Estimating Subjective Demand Curve
Price Bundling
Types of Bundling
The Bundling Problem
Excel: Solving Bundling problem Part 1
Excel: Solving Bundling problem Part 2
Non-Linear Pricing Strategies
Excel: Solving Bundling problem (Price Reversal)
Lifetime Customer Value – Key concepts
Lifetime Customer Value – Excel model
Sensitivity Analysis in Excel
Variations in finding customer value
Basics
Worksheet Basics
Entering values and Formulas
Data Handling Basics – Cut, Copy and Paste
Saving and Printing – Basics
Basic Formula Operations
Mathematical Formulas
Textual Formulas
Logical Formulas
Date-Time Formulas
Lookup Formulas ( V Lookup, Hlookup, Index-Match )
Data Tools
Formatting data and tables
Pivot Tables
Advance Excel- Solver, Data tables
Course info
Duration
Accredited by
Tutor Support
Course Access
671 Minutes
CPD UK & QLS
Included
1 Year
Course Reviews
Verified
Perfectly executed
What a transformative experience I received ! After a lot of looking and searching , I found this well-designed course where they provided such prominent education over retail analytics with various tools and techniques. I thoroughly understood the concepts and calculations through the video lessons. Thanks to the tutor’s easy guidance , I was able to practise the calculations on my own. Highly recommended.
Noah Hudson | Jan 02, 2024
Verified
Exceptionally good
Who said online courses don't provide reliable education.with great materials? I recently completed this course at study which was well-organised and designed by expert professionals. Their lessons were very thorough and comprehensive. I learned a lot through hands-on training about retail analytics which I implied and enhanced my business growth.
Maisie Williamson | Jan 04, 2024
Verified
Incomparable
I found this course to be an excellent resource for anyone who wants to understand the process of collecting and studying retail analytical data . The instructors were engaging and knowledgeable, and the course materials were comprehensive and informative.
Nicholas Martin | Dec 16, 2023
Verified
Masterful
From the very beginning I found this course was highly beneficial. I was newly appointed retail manager and wanted to understand the process of business data with analytical tools and this course really helped me to achieve such knowledge in depth. I loved the practical examples and case studies, which helped me to solve business issues. Highly recommended!
Benjamin Stevenson | Nov 30, 2023
Verified
Splendiferous
As an entrepreneur, I found this course to be incredibly helpful in collecting my business data . The instructors provided a clear understanding of the importance of retail analytics and how it relates to promoting business growth. I learned how to improve my business profit margin with various tools and methods. I applied all these methods and got the best results !
Reece Webster | Dec 14, 2023
Verified
Ideal
I was impressed by the depth of knowledge and expertise of the instructors in this course. The course was well-structured and easy to follow, with interactive practical modules. I gained a lot of valuable skills with analytical techniques.
Ethan Lowe | Jan 18, 2024
FAQs
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Definitely, you can enrol for this self-paced online video training course. Once you purchase the course, you will receive your login details via email. As you will have lifetime access to the login portal, you can complete your course at your convenience.
Our online courses come with lifetime access with no time limit for completion. Each course is fully accessible from a tablet, mobile or laptop, with a secure internet connection.
Upon successfully completing the course, you can order your certificate of achievement as proof of your new skill.
After successfully passing the MCQ exam, you will be eligible to order the Certificate from the Quality Licence Scheme.
No prior knowledge is necessary for the course, making it ideal for beginners. However, a positive attitude toward learning is always a plus.