Authors :
Sangeetha K; Lauvanya R; Dharshini I; Amizhthini A
Volume/Issue :
Volume 9 - 2024, Issue 4 - April
Google Scholar :
https://tinyurl.com/ycxvzy4x
Scribd :
https://tinyurl.com/5c9t9dcm
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24APR900
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
Customer categorization is an essential strategy
for companies seeking to maximize their advertising spend.
Businesses can boost client involvement and sales rates of
conversion substantially by identifying specific customer
segments, tailoring products or services to their
preferences, minimizing the hassle of irrelevant
advertisements, and increasing customer satisfaction,
resulting in improved long-term interactions with clients.
This paper presents a classification model that uses Keras
and support vector machine stacked classification passed on
to a meta-learner to predict the customer segment, and
RFM analysis is performed to identify the customer
segment. This focused strategy lowers marketing costs and
boosts income, increasing the business's efficiency.
Temporal mining helps us predict the next purchase of a
customer using a time series model.
Keywords :
Customer Classification, RFM Analysis, Keras And Support Vector Machine .
References :
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https://doi.org/10.1155/2022/4938278
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- Viet-Ha Nhu., Nhat-Duc Hoang ., Hieu Nguyen., Phuong Thao Thi Ngo., Tinh Thanh Bui., Pham Viet Hoa., Pijush Samui f., Dieu Tien Bui.Effectiveness assessment of Keras based deep learning with different robust optimization algorithms for shallow landslide susceptibility.Volume 188, May 2020, 104458.
https://doi.org/10.1016/j.catena.2020.104458.
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- Moulay Youssef Smaili,Hanaa Hachimi.New RFM-D classification model for improving customer analysis and response prediction.In:2023 Ain Shams Engineering Journal. https://doi.org/10.1016/j.asej.2023.102254.
- Im K. and Park S., (2021) “A Study on Analyzing Characteristics of Target Customers from Refined Sales Data”, APIEMS. In:2016 Conference: 18th International Conference on Business Intelligence, Analytics, and Knowledge Management.Volume 9,No 4,2016. https://www.researchgate.net/publication/287815433.
- Christy, A. J., Umamakeswari, A., Priyatharsini,L., & Neyaa, A. (2021).RFM ranking–An effective approach to customer segmentation. Journal of King Saud University Computer and InformationSciences,33(10),1251-1257.https://doi.org/10.1016/j.jksuci.2018.09.004.
- Roggeveen, A. L., & Sethuraman, R. (2020).Customer-interfacing retail technologies in Im K. and Park S., (2021) “A Study on Analyzing Characteristics of Target Customers from Refined Sales Data”.In:2020 Journal of Retailing.
https://doi.org/10.1016/j.jretai.2020.08.001.
- Zhu, G., Wu, Z., Wang, Y., Cao, S., & Cao, J. (2019). Online purchase decisions for tourism e-commerce.In :2019 Electronic Commerce Research and Applications, 38,100887. https://doi.org/10.1016/j.elerap.2019.100887.
- Martínez, A., Schmuck, C., Pereverzyev Jr, S., Pirker, C., & Haltmeier, M. (2020).A machine learning framework for customer purchase prediction in the non-contractual setting. European Journal of Operational Research, 281(3), 588-596.
https://doi.org/10.1016/j.ejor.2018.04.034.
- Jair Cervantes. , Xiaoou Li. , Wen Yu. , Kang Li.,Support vector machine classification for large data sets via minimum enclosing ball clustering. In:2008 Neurocomputing Volume 71, Issues 4–6, January 2008, Pages 611-619.
https://doi.org/10.1016/j.neucom.2007.07.028.
- Moghaddam S Q, Abdolvand N and Harandi S R 2017 A RFMV Model and Customer Segmentation Based on Variety of Products J. Inf.Syst. Telecommun. 5 155–61 .In 2017 , Information Systems,Telecommunication.https://www.researchgate.net/publication/321195899.
- Haghighat Nia S, Abdolvand N and Rajaee Harandi S 2017 Evaluating discounts as a dimension of customer behavior analysis J.Mark. Communication.In: 2017 Journal of Marketing Communications.https://doi.org/10.1080/13527266.2017.1410210.
- Alessia Galdeman,Cheick Ba,Matteo Zignani,Sabrina Gaito.A Multilayer Network Perspective on Customer Segmentation Through Cashless Payment Data .In: 2021 IEEE 8th International Conference on Data Science and Advanced Analytics (DSAA).
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- Tabianan, K., Velu, S., & Ravi, V. (2022). K-means clustering approach for intelligent customer segmentation using customer purchase behavior data. Sustainability, 14(12), 7243.
https://www.mdpi.com/2071-1050/14/12/72.
Customer categorization is an essential strategy
for companies seeking to maximize their advertising spend.
Businesses can boost client involvement and sales rates of
conversion substantially by identifying specific customer
segments, tailoring products or services to their
preferences, minimizing the hassle of irrelevant
advertisements, and increasing customer satisfaction,
resulting in improved long-term interactions with clients.
This paper presents a classification model that uses Keras
and support vector machine stacked classification passed on
to a meta-learner to predict the customer segment, and
RFM analysis is performed to identify the customer
segment. This focused strategy lowers marketing costs and
boosts income, increasing the business's efficiency.
Temporal mining helps us predict the next purchase of a
customer using a time series model.
Keywords :
Customer Classification, RFM Analysis, Keras And Support Vector Machine .