Study predicts retail closures
Updated: Oct 18, 2018
Research predicts retail closures with 80% accuracy
Using electronic data that geolocated shoppers, researchers tested a model that predicted business closures with an 80% success rate in 10 cities. The factors that appeared to have the most impact were time range of the business's popularity, specific times of operation, and diversity of neighboring businesses. Predictions were most accurate for established businesses, which have fewer unknown variables. Read more at The Conversation...