2023-05-03 Official Partner Meeting Agenda

[erictsai1208]

Agenda

• [x] Discuss our plan going forward with the project after yesterday's meeting.
• [x] Discuss proposal: have the Sitewise team take a look at our presentation slide and proposal write-up if possible.
• [x] Go through data dictionary and go through any abbreviations that are unclear.

Questions:

• How were the 5 categories for Smoothie King derived?
• Is the "mi" in terms of radius around a store location?
• Is there any data involving the cost of leasing for an area?
• Possible to get demo version of Sitewise app? (particularly the map that was shown during our first meeting)
• Any suggestions on the best way to explore differences between categories for Smoothie King features?

[CChCheChen]

Meeting Notes

Action Items:

• MDS team: Current focus on EDA (mostly on categorical variable distributions over different categories for Smoothie King)
• Sitewise team: Extra variables (couple of hundreds for trade areas, 20-30 for comp/sister) will be delivered by end of the week
• Sitewise team: send over Sitewise app screenshot we need.

Meeting takeaways:

• Track mobile devices (geo fencing) over time (12 month) to determine what the category of Smoothie King is
• Findings from Smoothie King can only be used as to provide domain knowledge which can help evaluate the model for Subway US.
• Evaluate on restaurant revenue, not on profit
• Try Recursive feature elimination (RFE) aside of PCA, but the ultimate goal is to find out the most important features
• Smoothie King data 90/10 train test split. CV with 70/30.
• Smoothie King Accuracy aim at 80% (20% error rate)
• Other category: Church, Gym, Hospital and School  Travel: Tourist and Hotel