Essentials of Modeling and Analytics : Retail Risk Management and Asset Protection

Essentials of Modeling and Analytics illustrates how and why analytics can be used effectively by loss prevention staff. The book offers an in-depth overview of analytics, first illustrating how analytics are used to solve business problems, then exploring the tools and training that staff will need in order to engage solutions. The text also covers big data analytical tools and discusses if and when they are right for retail loss prevention professionals, and illustrates how to use analytics to test the effectiveness of loss prevention initiatives. Ideal for loss prevention personnel on all levels, this book can also be used for loss prevention analytics courses.

• Shows in detail how loss prevention professionals can measure and justify loss prevention programs and tools to optimize the savings for an organization
• Provides an overview of common analytics techniques and applications within loss prevention to allow loss prevention professionals to best eliminate fraud and reduce shrink
• Instructs loss prevention professionals on how to introduce and build an analytics team and culture within their organizations from the ground up
• Gives an introduction and practical guide for how (and if) big data tools should be used in their loss prevention departments
• Includes an in-depth overview of the software and hardware tools that are needed to use analytics within loss prevention

Preface

Chapter 1 : Introduction
Chapter 2 : Analytics in Loss Prevention Today
Chapter 3 : Tools, Staffing, and Training Considerations for Loss Prevention Analytics
Chapter 4 : Data Exploration
Chapter 5 : Analytical Methods for Loss Prevention
Chapter 6 : Creating a Business Case with Analytics
Chapter 7 : Trends in Future Loss Prevention Analytics and Closing Thoughts

Index