What is a market-basket analysis?

The market-basket analysis is a popular technique to find the associations between the items. It is frequently used by big retailers in order to get maximum profit. In this approach, we need to find combinations of items that are frequently bought together.

For example, if a person buys bread, there are most of the chances that he will buy butter also. Hence, understanding such correlations can help retailers to grow their business by providing relevant offers to their customers.