Big data and consumer behavior: A macroeconomic perspective through supermarket analytics

This study explores how big data analytics can be used on supermarket transaction data to reveal patterns in consumer behavior with broader macroeconomic implications. Using a comprehensive dataset from a multinational retail chain, we employed advanced analytical methods—including machine learning algorithms, time series forecasting (ARIMA), clustering, and recommendation systems—to model purchasing behavior and segment customers. The analysis revealed distinct consumer profiles, habitual spending patterns, and time-sensitive trends that inform both retail decision-making and economic interpretation. The results demonstrated that consumer transaction data can serve not only to improve operational efficiency and personalized marketing in the retail sector but also to provide real-time indicators of economic sentiment and household financial health. This dual contribution highlights the potential of retail big data as a tool for both business strategy and macroeconomic policy analysis. The study also outlines implementation considerations and ethical challenges, offering a foundation for future research in data-driven retail and economic analytics.

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Publication Details

Journal
Quantitative Finance and Economics
Published
2025-01-01
DOI
https://doi.org/10.3934/qfe.2025024
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
0.00
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article

Big data and consumer behavior: A macroeconomic perspective through supermarket analytics

Tasos Stylianou, Aikaterina Pantelidou
Quantitative Finance and Economics
Big Data and Business Intelligence
article

Big data and consumer behavior: A macroeconomic perspective through supermarket analytics

Tasos Stylianou, Aikaterina Pantelidou
article en

Abstract

This study explores how big data analytics can be used on supermarket transaction data to reveal patterns in consumer behavior with broader macroeconomic implications. Using a comprehensive dataset from a multinational retail chain, we employed advanced analytical methods—including machine learning algorithms, time series forecasting (ARIMA), clustering, and recommendation systems—to model purchasing behavior and segment customers. The analysis revealed distinct consumer profiles, habitual spending patterns, and time-sensitive trends that inform both retail decision-making and economic interpretation. The results demonstrated that consumer transaction data can serve not only to improve operational efficiency and personalized marketing in the retail sector but also to provide real-time indicators of economic sentiment and household financial health. This dual contribution highlights the potential of retail big data as a tool for both business strategy and macroeconomic policy analysis. The study also outlines implementation considerations and ethical challenges, offering a foundation for future research in data-driven retail and economic analytics.

Quantitative Finance and EconomicsVol. 9(3)
University of Macedonia (GR), Mediterranean University (ME)
Openalex Percentile: Top 59%
Big Data and Business Intelligence
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