Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

Integrated Machine Learning Approaches for E-commerce Customer Behavior Prediction

Authors
Yuran Dong1, *, , Junyi Tang2, , Zhixi Zhang3,
1Rensselaer Polytechnic Institute, Troy, New York, 12180 USA
2School of Business, Macau University of Science and Technology, Macau, 999078 China
3University of California, Irvine, CA 92697 USA

These authors contributed equally.

*Corresponding author. Email: dongy9@rpi.edu
Corresponding Author
Yuran Dong
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.166How to use a DOI?
Keywords
E-commerce; Classification; Machine Learning; Customer behavior
Abstract

How to predict the customers’ behavior is always a crucial problem for enterprises in E-commerce. In this paper, a data set containing the behavior data for 2019 October and November from a large multi-category online store has been used as well as diverse Machine Learning algorithms are used in Python to precisely predict the behaviors of customers. By extracting 5 datasets containing 10,000 observations out of one billion observations and applying the concepts of Label Encoder, this paper was able to build the models and hence analyze this paper’s data. As a result, this paper found that Pipeline and Random Forest works the best that both of them perform a prediction accuracy of 96% which is significantly greater than other algorithms. In addition, the feature of user id and user session present the greatest importance among all the features. On the customers’ side, they would focus more on the price-performance ratio, which is price, because it would help customers with making purchasing decisions. This paper were able to recommend individually customized products for each single person based on their personal preference and emphasize the features of data, user id and user session, that sellers should be focus on.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.166How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Yuran Dong
AU  - Junyi Tang
AU  - Zhixi Zhang
PY  - 2022
DA  - 2022/03/26
TI  - Integrated Machine Learning Approaches for E-commerce Customer Behavior Prediction
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1008
EP  - 1015
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.166
DO  - 10.2991/aebmr.k.220307.166
ID  - Dong2022
ER  -