Researchers build a model that predicts business closures in cities with 80% accuracy
Tuesday, October 9, 2018 - 08:32
in Mathematics & Economics
Over the past decade, changes in the way people shop have led more and more businesses to close their doors, from small music venues to book shops and even major department stores. This trend has been attributed to several factors, including a shift towards online shopping and changing spending preferences. But business closures are complex, and often due to many intertwined factors.