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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.
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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
Affiliated Colleges: