5,560 research outputs found

    Video advertisement mining for predicting revenue using random forest

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    Shaken by the threat of financial crisis in 2008, industries began to work on the topic of predictive analytics to efficiently control inventory levels and minimize revenue risks. In this third-generation age of web-connected data, organizations emphasized the importance of data science and leveraged the data mining techniques for gaining a competitive edge. Consider the features of Web 3.0, where semantic-oriented interaction between humans and computers can offer a tailored service or product to meet consumers\u27 needs by means of learning their preferences. In this study, we concentrate on the area of marketing science to demonstrate the correlation between TV commercial advertisements and sales achievement. Through different data mining and machine-learning methods, this research will come up with one concrete and complete predictive framework to clarify the effects of word of mouth by using open data sources from YouTube. The uniqueness of this predictive model is that we adopt the sentiment analysis as one of our predictors. This research offers a preliminary study on unstructured marketing data for further business use

    The use of predictive analytics in finance

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    Statistical and computational methods are being increasingly integrated into Decision Support Systems to aid management and help with strategic decisions. Researchers need to fully understand the use of such techniques in order to make predictions when using financial data. This paper therefore presents a method based literature review focused on the predictive analytics domain. The study comprehensively covers classification, regression, clustering, association and time series models. It expands existing explanatory statistical modelling into the realm of computational modelling. The methods explored enable the prediction of the future through the analysis of financial time series and cross-sectional data that is collected, stored and processed in Information Systems. The output of such models allow financial managers and risk oversight professionals to achieve better outcomes. This review brings the various predictive analytic methods in finance together under one domain

    A Meta-learning based Stacked Regression Approach for Customer Lifetime Value Prediction

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    Companies across the globe are keen on targeting potential high-value customers in an attempt to expand revenue and this could be achieved only by understanding the customers more. Customer Lifetime Value (CLV) is the total monetary value of transactions/purchases made by a customer with the business over an intended period of time and is used as means to estimate future customer interactions. CLV finds application in a number of distinct business domains such as Banking, Insurance, Online-entertainment, Gaming, and E-Commerce. The existing distribution-based and basic (recency, frequency & monetary) based models face a limitation in terms of handling a wide variety of input features. Moreover, the more advanced Deep learning approaches could be superfluous and add an undesirable element of complexity in certain application areas. We, therefore, propose a system which is able to qualify both as effective, and comprehensive yet simple and interpretable. With that in mind, we develop a meta-learning-based stacked regression model which combines the predictions from bagging and boosting models that each is found to perform well individually. Empirical tests have been carried out on an openly available Online Retail dataset to evaluate various models and show the efficacy of the proposed approach.Comment: 11 pages, 7 figure

    A Study on Sentiment Analysis on Airline Quality Services: A Conceptual Paper

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    Airline quality service is crucial for airlines to remain competitive in the industry. The quality of the services of these airlines must meet customer satisfaction and other aspects of the overall service experience. The levels of service quality in an airline service may impact satisfaction and loyalty which may influence customer sentiment. Concerning the importance of airline quality service, customer sentiment towards the service must be investigated and one of the ways to analyze it is by using sentiment analysis. Sentiment analysis is the chosen tool nowadays to analyze comments or reviews made on these services, which may be positive, negative, or neutral. Using sentiment analysis, will not only help potential customers to view the overall sentiment portrayed, but organizations can also use the findings to improve their organization to be more competitive. Thus, this paper will focus on reviewing several recent works related to sentiment analysis as a tool for assisting organizations in assessing the quality of services in the airline industry. As a result, a new framework for assessing the quality of service for the organizations, especially the airline company will be proposed

    An Ensemble Model-Based Recommendation Approach for Consumer Decision-Making System

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    A recommendation system can suggest items aligned with diverse user interests by leveraging multiple sources of information. While many recommendation systems heavily rely on the collaborative filtering (CF) approach—where user preference data is combined with others to predict additional items of potential interest—this study introduces a novel weighted recommendation system to enhance consumer decision-making using CF. The methodology includes the development of equations to calculate the weights for both the product and review, as well as to determine the similarity between consumer reviews. To ensemble the model, Random Forest (RF), Support Vector Machine (SVM), and Logistic Regression (LR) are employed in the methodology. The study considers Ensemble Classifiers (RF+SVM+LR) to implement the results, aiming for improved outcomes compared to prior research. The proposed model is trained and tested using an open-source dataset on Kaggle's website. Numerical analysis of the proposed model reveals superior performance, outperforming conventional methods in terms of accuracy (0.821), precision (0.802), recall (0.821), F-measure (0.833), error rate (0.100), and more

    Sentiment Analysis for Social Media

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    Sentiment analysis is a branch of natural language processing concerned with the study of the intensity of the emotions expressed in a piece of text. The automated analysis of the multitude of messages delivered through social media is one of the hottest research fields, both in academy and in industry, due to its extremely high potential applicability in many different domains. This Special Issue describes both technological contributions to the field, mostly based on deep learning techniques, and specific applications in areas like health insurance, gender classification, recommender systems, and cyber aggression detection

    A Critical Evaluation of Business Improvement through Machine Learning: Challenges, Opportunities, and Best Practices

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    This paper presents a critical evaluation of the impact of machine learning (ML) on business improvement, focusing on the challenges, opportunities, and best practices associated with its implementation. The study examines the hurdles faced by businesses while integrating ML, such as data quality, talent acquisition, algorithm bias, interpretability, and privacy concerns. On the other hand, it highlights the advantages of ML, including data-driven decision-making, enhanced customer experience, process optimization, cost reduction, and the potential for new revenue streams. Furthermore, the paper offers best practices to guide businesses in successfully adopting ML solutions, covering data management, talent development, model evaluation, ethics, and regulatory compliance. Through real-world case studies, the study illustrates successful ML applications in different industries. It also addresses the ethical and social implications of ML adoption and discusses emerging trends for future directions. Ultimately, this evaluation provides valuable insights to enable informed decisions and sustainable growth for businesses leveraging machine learning
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