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About the indicators of association analysis

   Aug 4, 2024     1 min read

This article examines the indicators of association analysis.

Hello!

Today, we’re going to look at the indicators of association analysis.

Association analysis uses a variety of indicators to assess the association between products and derive rules.

Below, we will describe the indicators that are mainly used in association analysis.

Support

An indicator of how often a particular set of items occurs during the entire transaction.

Support is defined as follows.

Support = (number of transactions involving a specific set of items) / (total number of transactions)

Confidence

An indicator of the reliability of a rule, which refers to the conditional probability that A and B will be included simultaneously in a transaction containing A.

Reliability is defined as follows.

Reliability = (number of transactions involving A and B) / (number of transactions involving A)

Elevation (Lift)

It is an indicator of how strong the relationship between the two products is compared to coincidence.

Enhancements are defined as follows.

‘Advanced = (Support) / (Support for A * Support for B) ‘

Lift (Leverage)

An indicator of the difference between the expected number of transactions and the actual number of transactions when the two items are independent.

The lift is defined as follows.

‘Lift = (number of transactions including A and B) - (A’s approval rating * B’s approval rating)’

Utilization

These indicators are used to measure the association between products and to discover useful rules.

For example, a highly reliable rule can be interpreted as having a strong relationship between products, and when the lift is greater than 1, it shows a stronger relationship than a coincidence.

at the end of the day

In association analysis, these various indicators are comprehensively used to discover meaningful rules and use them for business decision-making.

Thank you!