Title of article :
Prediction of marketing strategies performance based on clickstream data
Author/Authors :
Nezhad Afrasiabi, Maryam Department of Industrial Engineering and Management Systems - Amirkabir University of Technology, Tehran, Iran , Esfahanipour, Akbar Department of Industrial Engineering and Management Systems - Amirkabir University of Technology, Tehran, Iran , Kimiagari, Alimohammad Department of Industrial Engineering and Management Systems - Amirkabir University of Technology, Tehran, Iran
Abstract :
Today, Internet-based businesses are one of the most useful tools to make gain in the
economies of developing and developed countries. It can even said that the expansion
of the World Wide Web caused other businesses to seek customers in the virtual
advertising and online world to increase their sales. This study presents a data-driven
approach to predict the success of the marketing strategies performance of an online
shopping store. The data has been collected by a Poland online shopping website in
the year 2008, which has extracted in the UCI datasets. In the data preparation phase, a
decision tree (DT) is developed and 13 features of customers are selected for modeling
phase. In the proposed method in this research, the rminer package of R software is
used. In which three classification models including neural network(NN), support
vector machine (SVM), and logistic regression(LR) are developed. Then, two criteria
of AUC and ROC curves are used to compare these three models. By comparing the
models, it is determined that the NN technique works better than the other three
models in prediction. This result can be helpful for marketing managers to plan
effectively in website design to attract new visitors and shoppers.
Keywords :
Classification , sales forecasting , machine learning , clickstream Data , marketing plan , neural network
Journal title :
Journal of Industrial and Systems Engineering (JISE)