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Author:

Tang, Ling (Tang, Ling.) | Wang, Anying (Wang, Anying.) | Xu, Zhenjing (Xu, Zhenjing.) | Li, Jian (Li, Jian.)

Indexed by:

SSCI Scopus

Abstract:

Due to the complexity of the e-commerce system, a hybrid model for online-purchasing behavior forecasting is developed to predict whether or not a customer makes a purchase during the next visit to the online store based on the previous behaviors, i.e., online-purchasing behavior. The proposed model makes contributions to literature from two perspectives: (1) a classification model is proposed based on the "hybrid modeling" concept, in which an effective artificial intelligence (AI) technique of support vector machine (SVM) is employed for classification forecasting and further extended by introducing the promising AI optimization tool of firefly algorithm (FA), to solve the crucial but tough task of parameters selection, i.e., the FA-based SVM model; (2) an appropriate predictor set is carefully designed especially considering online shopping cart use which was otherwise neglected in existing models, apart from other common online behaviors, e.g., clickstream behavior, previous purchase behavior and customer heterogeneity. To verify the superiority of the proposed model, an online furniture store is focused on as study sample, and the empirical results statistically support that the proposed FA-based SVM model considering online shopping cart use significantly beat all benchmarking models (with other popular classification methods and/or different predictor sets) in terms of prediction accuracy.

Keyword:

shopping cart use online purchase behavior e-commerce support vector machine firefly algorithm

Author Community:

  • [ 1 ] [Tang, Ling]Beihang Univ, Sch Econ & Management, Beijing, Peoples R China
  • [ 2 ] [Wang, Anying]Beijing Univ Chem Technol, Beijing, Peoples R China
  • [ 3 ] [Xu, Zhenjing]Beijing Univ Chem Technol, Beijing, Peoples R China
  • [ 4 ] [Li, Jian]Beijing Univ Technol, Res Base Beijing Modern Mfg Dev, Coll Econ & Management, Beijing, Peoples R China

Reprint Author's Address:

  • [Li, Jian]Beijing Univ Technol, Res Base Beijing Modern Mfg Dev, Coll Econ & Management, Beijing, Peoples R China

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Source :

EURASIA JOURNAL OF MATHEMATICS SCIENCE AND TECHNOLOGY EDUCATION

ISSN: 1305-8215

Year: 2017

Issue: 12

Volume: 13

Page: 7967-7983

ESI Discipline: SOCIAL SCIENCES, GENERAL;

ESI HC Threshold:116

Cited Count:

WoS CC Cited Count: 0

SCOPUS Cited Count: 21

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 12

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