Article ID Journal Published Year Pages File Type
977985 Physica A: Statistical Mechanics and its Applications 2008 5 Pages PDF
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.

Related Topics
Physical Sciences and Engineering Mathematics Mathematical Physics
Authors
, , , ,