Impact of mutual fund investment in indian equity market.

The mutual fund investments have emerged as important players in the Indian equity market in the recent past. This research makes an attempt to understand whether a relationship exists between Mutual Fund investment and Equity Market returns in India. The past ten years of data was analyzed with appropriate statistical tools to prove the impact of Mutual Fund Investments in Indian Equity Market. Markets become more efficient with the growing presence of institutional investors who predominantly go by fundamentals. The popular belief that fund inflows and returns are positively related. ( Warther, 1995) is also proved.Key words : Mutual Fund Flow, Equity Market, Sensex, Nifty.

Improving customer churn prediction by data augmentation using pictorial stimulus-choice data

The purpose of this paper is to determine the added value of pictorial stimulus-choice data in customer churn prediction. Using Random Forests and 5 times 2 fold cross-validation, this study analyzes how much pictorial stimulus choice data and survey data increase the AUC of a churn model over and above administrative, operational and complaints data. The finding is that pictorial-stimulus choice data significantly increases AUC of models with administrative and operational data. The practical implication of this finding is that companies should start considering mining pictorial data from social media sites (e.g. Pinterest), in order to augment their internal customer database. This study is original in that it is the first that assesses the added value of pictorial stimulus-choice data in predictive models. This is important because more and more social media websites are focusing on pictures

The Effects of Personalized Recommendations with Popularity Information on Sales - A Field Study in Grocery Retailing

In consumer and information systems research, it remains unclear how consumers consider smartphone app recommendations in the course of their decision making process that leads to product choices in the physical store. Moreover, it is unclear which type of information smartphone apps should transport to consumers and if there are any customer segmentation criteria for smartphone app design. With respect to the theoretical and managerial importance of recommendation services in the form of smartphone apps we want to shed some light on this topic. Combining literature from the fields of IS and marketing research, we hypothesize that personalized recommendations via smartphone apps can help to boost sales in physical grocery stores. Furthermore, we hypothesize that additional popularity information (in the form of “stars”) does not amplify the positive effect of personalized recommendations. In addition, we assume that the effects of recommendation usage differ for men and women. We conducted a field study with a European grocery retailer to test our hypotheses. Finally, we discuss first implications as well as central limitations of our research and present the next research steps

The Role of the Mangement Sciences in Research on Personalization

We present a review of research studies that deal with personalization. We synthesize current knowledge about these areas, and identify issues that we envision will be of interest to researchers working in the management sciences. We take an interdisciplinary approach that spans the areas of economics, marketing, information technology, and operations. We present an overarching framework for personalization that allows us to identify key players in the personalization process, as well as, the key stages of personalization. The framework enables us to examine the strategic role of personalization in the interactions between a firm and other key players in the firm's value system. We review extant literature in the strategic behavior of firms, and discuss opportunities for analytical and empirical research in this regard. Next, we examine how a firm can learn a customer's preferences, which is one of the key components of the personalization process. We use a utility-based approach to formalize such preference functions, and to understand how these preference functions could be learnt based on a customer's interactions with a firm. We identify well-established techniques in management sciences that can be gainfully employed in future research on personalization.CRM, Persoanlization, Marketing, e-commerce,

SizeNet: Weakly Supervised Learning of Visual Size and Fit in Fashion Images

Finding clothes that fit is a hot topic in the e-commerce fashion industry. Most approaches addressing this problem are based on statistical methods relying on historical data of articles purchased and returned to the store. Such approaches suffer from the cold start problem for the thousands of articles appearing on the shopping platforms every day, for which no prior purchase history is available. We propose to employ visual data to infer size and fit characteristics of fashion articles. We introduce SizeNet, a weakly-supervised teacher-student training framework that leverages the power of statistical models combined with the rich visual information from article images to learn visual cues for size and fit characteristics, capable of tackling the challenging cold start problem. Detailed experiments are performed on thousands of textile garments, including dresses, trousers, knitwear, tops, etc. from hundreds of different brands.Comment: IEEE Conference on Computer Vision and Pattern Recognition Workshop (CVPRW) 2019 Focus on Fashion and Subjective Search - Understanding Subjective Attributes of Data (FFSS-USAD

Implications of customer participation in outsourcing noncore services to third parties

Purpose Focal service providers increasingly involve customers in the decision-making about outsourcing parts of the service delivery process to third parties. The present study investigates how customers' outsourcing decisions affect the formation of the waiting experience with the focal service provider, by which the objective waiting time, environmental quality and interactional quality act as focal drivers. Design/methodology/approach To test our hypotheses in the context of cancer care, we gathered process data and experience data by means of a patient observation template (n = 640) and a patient survey (n = 487). The combined data (n = 377) were analyzed using Bayesian models. Findings This study shows that opting for a service triad (i.e. outsourcing non-core services to a third party) deduces customers' attention away from the objective waiting time with the focal service provider but not from the environmental and interactional quality offered by the focal service provider. When the type of service triad coordination is considered, we observe similar effects for a focal service provider-coordinated service triad while in a customer-coordinated service triad the interactional quality is the sole experience driver of waiting experiences that remains significant. Originality/value By investigating the implications of customer participation in the decision-making about outsourcing parts of the service delivery process to third parties, this research contributes to the service design, service triad and service operations literature. Specifically, this study shows that customer outsourcing decisions impact waiting experience formation with the focal service provider.Purpose Focal service providers increasingly involve customers in the decision-making about outsourcing parts of the service delivery process to third parties. The present study investigates how customers' outsourcing decisions affect the formation of the waiting experience with the focal service provider, by which the objective waiting time, environmental quality and interactional quality act as focal drivers. Design/methodology/approach To test our hypotheses in the context of cancer care, we gathered process data and experience data by means of a patient observation template (n = 640) and a patient survey (n = 487). The combined data (n = 377) were analyzed using Bayesian models. Findings This study shows that opting for a service triad (i.e. outsourcing non-core services to a third party) deduces customers' attention away from the objective waiting time with the focal service provider but not from the environmental and interactional quality offered by the focal service provider. When the type of service triad coordination is considered, we observe similar effects for a focal service provider-coordinated service triad while in a customer-coordinated service triad the interactional quality is the sole experience driver of waiting experiences that remains significant. Originality/value By investigating the implications of customer participation in the decision-making about outsourcing parts of the service delivery process to third parties, this research contributes to the service design, service triad and service operations literature. Specifically, this study shows that customer outsourcing decisions impact waiting experience formation with the focal service provider.A