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Research on Predicting Customers' Next Purchase Based on Shopping Basket Data

2023· article· en· W4386687913 on OpenAlexaff
Yuxin Chen

Bibliographic record

VenueAdvances in Economics Management and Political Sciences · 2023
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicCustomer churn and segmentation
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsSimilarity (geometry)Computer scienceProduct (mathematics)CartData miningPredictive modellingMachine learningArtificial intelligenceEngineeringMathematics

Abstract

fetched live from OpenAlex

Thanks to the rapid development of e-commerce and online shopping, a large amount of shopping basket data has been accumulated. How to mine the useful information in shopping cart data to predict customers' next purchase is an important problem in commercial data analysis, which is widely used in the fields of online advertising and product recommendation. In this paper, three prediction methods are proposed, including frequency-based prediction, rule-based prediction and similarity-based prediction. Moreover, evaluations and analysis of these three methods are conducted on the public dataset. It is found that the items that were frequently purchased by consumers in the past are more likely to continue to be purchased due of the higher prediction accuracy of the frequency-based methods. On the other hand, similarity-based item prediction methods also yielded good results because there is also a significant overlap in the items that similar users want to purchase. Therefore, it is concluded that in practical applications, frequency and similarity-based prediction methods can be applied to predict consumers' next purchases.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.861
Threshold uncertainty score0.543

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0000.000
Scholarly communication0.0010.002
Open science0.0010.001
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.130
GPT teacher head0.381
Teacher spread0.251 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2023
Admission routes1
Has abstractyes

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