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Spooktacular Strategy - A Halloween Business Plan

Tools used in this project
Spooktacular Strategy - A Halloween Business Plan

Tableau dashboard

About this project

Project Overview:

The goal of this project was to identify the top 3 candies for Halloween based on specific criteria, such as a combination of features, winpercent, sugarpercent range, and price-to-win ratio. The final result provided the best combination of candies that would appeal to a diverse audience while maximizing value.

Criteria for Selection:

  1. At least 3 Features Per Candy – To ensure diversity in candy characteristics, each candy must have at least 3 features (e.g., chocolate, fruity, caramel, etc.).
  2. All 9 Features Present – The selected 3-candy combination had to cover all 9 unique candy features.
  3. High Winpercent – The combination had to have an average winpercent higher than 60% to guarantee popularity among consumers.
  4. Wide Sugarpercent Range – A wide range of sugarpercent ensured that the combination would cater to a variety of tastes, from very sweet to moderately sweet candies.
  5. Low Price-to-Win Ratio – The final selection had to be cost-effective, providing good value for money.

Step-by-Step Process:

  1. Generating Unique Candy Combinations (Python)
    • Tool: Python
    • Objective:
      • The first task was to create all possible unique 3-candy combinations, ensuring that each candy in the combination had at least 3 features. Python was used to automate this process.
    • Approach:
      • A filtering process in Python helped ensure that only candies with at least 3 features were included in the combinations.
  2. Filtering Combinations with All 9 Features (Tableau)
    • Tool: Tableau
    • Objective:
      • From the combinations created in the first step, only those combinations that collectively covered all 9 candy features were retained.
    • Approach:
      • Tableau bubble chart was used to filter out the combinations and retain only those that included all 9 features.
  3. Filtering by Winpercent (Tableau)
    • Tool: Tableau
    • Objective:
      • The next step was to narrow down the combinations to those with an average winpercent greater than 60%.
    • Approach:
      • A Histogram was used to visualize winpercent distribution, only combinations with an average winpercent 60% or above were selected.
  4. Selecting Combinations with the Widest Sugarpercent Range (Tableau)
    • Tool: Tableau
    • Objective:
      • To ensure that the final combination appealed to a broad range of tastes, the widest sugarpercent range was selected from the remaining combinations.
    • Approach:
      • Tableau was used to sort and visualize the combinations based on their sugarpercent range, selecting the one with the widest range.
  5. Selecting the Most Price-Efficient Combination (Tableau)
    • Tool: Tableau
    • Objective:
      • The combination with the lowest price-to-win ratio was chosen to ensure value for money.
    • Approach:
      • Tableau was used to create scatter plot and rank remaining combinations based on price-to-win ratio, the combination with the lowest ratio was selected.

Results:

  • Top 3 Candies: Kit Kat, Nerds, Snickers
    • 3 Candies average Win Percentage: 69.60%
    • Sugar Percent Range: 31.30% to 53.50% (Wide range to appeal to diverse tastes)
    • Price-to-Win Ratio: 0.007 (good value for money)

Tools Summary:

Python: Used only for generating unique combinations of candies with at least 3 features.

Tableau: Utilized for all other stages, including filtering combinations, applying the winpercent threshold, selecting the widest sugarpercent range, and choosing the most price-efficient combination.

Click here for interactive dashboard ->

https://public.tableau.com/views/HalloweenBusinessPlan/HalloweenBusinessPlan?:language=en-US&:sid=&:redirect=auth&:display_count=n&:origin=viz_share_link

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