Title of article :
Pareto law of the expenditure of a person in convenience stores
Author/Authors :
Takayuki Mizuno، نويسنده , , Masahiro Toriyama، نويسنده , , Takao Terano، نويسنده , , Misako Takayasu، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2008
Abstract :
We study the statistical laws of the expenditure of a person in convenience stores by analyzing around 100 million receipts. The density function of expenditure exhibits a fat tail that follows a power law. Using the Lorenz curve, the Gini coefficient is estimated to be 0.70; this implies that loyal customers contribute significantly to a store’s sales. We observe the Pareto principle where both the top 25% and 2% of the customers account for 80% and 25% of the store’s sales, respectively
Journal title :
Physica A Statistical Mechanics and its Applications
Journal title :
Physica A Statistical Mechanics and its Applications