Goal: build a regression model to predict the prices at IKEA Clickhere for data.

Import Data

ikea <- readr::read_csv('https://raw.githubusercontent.com/rfordatascience/tidytuesday/master/data/2020/2020-11-03/ikea.csv')
## New names:
## Rows: 3694 Columns: 14
## ── Column specification
## ──────────────────────────────────────────────────────── Delimiter: "," chr
## (7): name, category, old_price, link, other_colors, short_description, d... dbl
## (6): ...1, item_id, price, depth, height, width lgl (1): sellable_online
## ℹ Use `spec()` to retrieve the full column specification for this data. ℹ
## Specify the column types or set `show_col_types = FALSE` to quiet this message.
## • `` -> `...1`
skimr::skim(ikea)
Data summary
Name ikea
Number of rows 3694
Number of columns 14
_______________________
Column type frequency:
character 7
logical 1
numeric 6
________________________
Group variables None

Variable type: character

skim_variable n_missing complete_rate min max empty n_unique whitespace
name 0 1 3 27 0 607 0
category 0 1 4 36 0 17 0
old_price 0 1 4 13 0 365 0
link 0 1 52 163 0 2962 0
other_colors 0 1 2 3 0 2 0
short_description 0 1 3 63 0 1706 0
designer 0 1 3 1261 0 381 0

Variable type: logical

skim_variable n_missing complete_rate mean count
sellable_online 0 1 0.99 TRU: 3666, FAL: 28

Variable type: numeric

skim_variable n_missing complete_rate mean sd p0 p25 p50 p75 p100 hist
…1 0 1.00 1846.50 1066.51 0 923.25 1846.5 2769.75 3693 ▇▇▇▇▇
item_id 0 1.00 48632396.79 28887094.10 58487 20390574.00 49288078.0 70403572.75 99932615 ▇▇▇▇▇
price 0 1.00 1078.21 1374.65 3 180.90 544.7 1429.50 9585 ▇▁▁▁▁
depth 1463 0.60 54.38 29.96 1 38.00 47.0 60.00 257 ▇▃▁▁▁
height 988 0.73 101.68 61.10 1 67.00 83.0 124.00 700 ▇▂▁▁▁
width 589 0.84 104.47 71.13 1 60.00 80.0 140.00 420 ▇▅▂▁▁
data <- ikea %>%
  
    # Treat missing values
    select(-...1, -old_price, -depth) %>%
    na.omit() %>%
  
    # Log transform variables with pos-skewed distribution
    mutate(price = log(price))

Explore Data

Identify good predictors

width

data %>%
    ggplot(aes(price, width)) +
    scale_y_log10() +
    geom_point()

category

data %>%
    ggplot(aes(price, as.factor(category))) +
    geom_boxplot()

short_description

data %>%
  
    # Tokenize title
    unnest_tokens(output = word, input = short_description) %>%
  
    # Calculate avg price per word
    group_by(word) %>%
    summarise(price = mean(price),
              n     = n()) %>%
    ungroup() %>%
  
    filter(n > 10, !str_detect(word, "\\d")) %>%
    slice_max(order_by = price, n = 20) %>%
  
    # Plot
    ggplot(aes(price, fct_reorder(word, price))) +
    geom_point() +
  
    labs(y = "Words in Title")

EDA Shortcut

# Step 1: Prepare data
data_binarized_tbl <- data %>%
    select(-sellable_online, -other_colors) %>%
    binarize()

data_binarized_tbl %>% glimpse()
## Rows: 2,591
## Columns: 81
## $ `item_id__-Inf_20394152`                                                                                 <dbl> …
## $ item_id__20394152_49286341                                                                               <dbl> …
## $ item_id__49286341_70421967                                                                               <dbl> …
## $ item_id__70421967_Inf                                                                                    <dbl> …
## $ name__ALGOT                                                                                              <dbl> …
## $ name__BEKANT                                                                                             <dbl> …
## $ name__BESTÅ                                                                                              <dbl> …
## $ `name__BILLY_/_OXBERG`                                                                                   <dbl> …
## $ name__BRIMNES                                                                                            <dbl> …
## $ name__BROR                                                                                               <dbl> …
## $ name__EKET                                                                                               <dbl> …
## $ name__GRÖNLID                                                                                            <dbl> …
## $ name__HAVSTA                                                                                             <dbl> …
## $ name__HEMNES                                                                                             <dbl> …
## $ name__IVAR                                                                                               <dbl> …
## $ name__JONAXEL                                                                                            <dbl> …
## $ name__KALLAX                                                                                             <dbl> …
## $ name__LIDHULT                                                                                            <dbl> …
## $ name__LIXHULT                                                                                            <dbl> …
## $ name__NORDLI                                                                                             <dbl> …
## $ name__PAX                                                                                                <dbl> …
## $ name__PLATSA                                                                                             <dbl> …
## $ `name__STUVA_/_FRITIDS`                                                                                  <dbl> …
## $ name__TROFAST                                                                                            <dbl> …
## $ name__VALLENTUNA                                                                                         <dbl> …
## $ name__VIMLE                                                                                              <dbl> …
## $ `name__-OTHER`                                                                                           <dbl> …
## $ category__Bar_furniture                                                                                  <dbl> …
## $ category__Beds                                                                                           <dbl> …
## $ `category__Bookcases_&_shelving_units`                                                                   <dbl> …
## $ `category__Cabinets_&_cupboards`                                                                         <dbl> …
## $ category__Chairs                                                                                         <dbl> …
## $ `category__Chests_of_drawers_&_drawer_units`                                                             <dbl> …
## $ `category__Children's_furniture`                                                                         <dbl> …
## $ category__Nursery_furniture                                                                              <dbl> …
## $ category__Outdoor_furniture                                                                              <dbl> …
## $ `category__Sofas_&_armchairs`                                                                            <dbl> …
## $ `category__Tables_&_desks`                                                                               <dbl> …
## $ category__Trolleys                                                                                       <dbl> …
## $ `category__TV_&_media_furniture`                                                                         <dbl> …
## $ category__Wardrobes                                                                                      <dbl> …
## $ `category__-OTHER`                                                                                       <dbl> …
## $ `price__-Inf_5.57972982598622`                                                                           <dbl> …
## $ price__5.57972982598622_6.45362499889269                                                                 <dbl> …
## $ price__6.45362499889269_7.34277918933185                                                                 <dbl> …
## $ price__7.34277918933185_Inf                                                                              <dbl> …
## $ `link__https://www.ikea.com/sa/en/p/norraker-norraker-bar-table-and-2-bar-stools-black-black-s79241940/` <dbl> …
## $ `link__-OTHER`                                                                                           <dbl> …
## $ `short_description__3-seat_sofa`                                                                         <dbl> …
## $ short_description__Armchair                                                                              <dbl> …
## $ short_description__Chair                                                                                 <dbl> …
## $ `short_description__Door,__________60x64_cm`                                                             <dbl> …
## $ `short_description__Table,__________120x60_cm`                                                           <dbl> …
## $ `short_description__Table,__________150x75_cm`                                                           <dbl> …
## $ `short_description__-OTHER`                                                                              <dbl> …
## $ designer__Carina_Bengs                                                                                   <dbl> …
## $ designer__Ebba_Strandmark                                                                                <dbl> …
## $ designer__Ehlén_Johansson                                                                                <dbl> …
## $ `designer__Ehlén_Johansson/IKEA_of_Sweden`                                                               <dbl> …
## $ designer__Francis_Cayouette                                                                              <dbl> …
## $ designer__Henrik_Preutz                                                                                  <dbl> …
## $ designer__IKEA_of_Sweden                                                                                 <dbl> …
## $ `designer__IKEA_of_Sweden/Ehlén_Johansson`                                                               <dbl> …
## $ `designer__IKEA_of_Sweden/Jon_Karlsson`                                                                  <dbl> …
## $ designer__Johan_Kroon                                                                                    <dbl> …
## $ designer__Jon_Karlsson                                                                                   <dbl> …
## $ `designer__K_Hagberg/M_Hagberg`                                                                          <dbl> …
## $ designer__Marcus_Arvonen                                                                                 <dbl> …
## $ designer__Nike_Karlsson                                                                                  <dbl> …
## $ designer__Ola_Wihlborg                                                                                   <dbl> …
## $ designer__Studio_Copenhagen                                                                              <dbl> …
## $ designer__Tord_Björklund                                                                                 <dbl> …
## $ `designer__-OTHER`                                                                                       <dbl> …
## $ `height__-Inf_70`                                                                                        <dbl> …
## $ height__70_83                                                                                            <dbl> …
## $ height__83_127                                                                                           <dbl> …
## $ height__127_Inf                                                                                          <dbl> …
## $ `width__-Inf_60`                                                                                         <dbl> …
## $ width__60_80                                                                                             <dbl> …
## $ width__80_150                                                                                            <dbl> …
## $ width__150_Inf                                                                                           <dbl> …
# Step 2: Correlate
data_corr_tbl <- data_binarized_tbl %>%
    correlate(price__7.34277918933185_Inf)
## Warning: Expected 2 pieces. Additional pieces discarded in 3 rows [52, 53, 54].
data_corr_tbl
## # A tibble: 81 × 3
##    feature  bin                               correlation
##    <fct>    <chr>                                   <dbl>
##  1 price    7.34277918933185_Inf                    1    
##  2 width    150_Inf                                 0.546
##  3 width    -Inf_60                                -0.389
##  4 price    -Inf_5.57972982598622                  -0.334
##  5 price    6.45362499889269_7.34277918933185      -0.333
##  6 price    5.57972982598622_6.45362499889269      -0.332
##  7 category Sofas_&_armchairs                       0.317
##  8 height   -Inf_70                                -0.299
##  9 name     PAX                                     0.279
## 10 category Wardrobes                               0.267
## # ℹ 71 more rows
# Step 3: Plot
data_corr_tbl %>%
    plot_correlation_funnel()
## Warning: ggrepel: 56 unlabeled data points (too many overlaps). Consider
## increasing max.overlaps