Enhancing e-commerce product recommendations through statistical settings and product-specific insights
Küçük Resim Yok
Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Inderscience Enterprises Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
In the e-commerce industry, effectively guiding customers to select desired products poses a significant challenge, necessitating the utilisation of technology and data-driven solutions. To address the extensive range of product varieties and enhance product recommendations, this study improves upon the conventional association rule mining (ARM) approach by incorporating statistical settings. By examining sales transactions, the study assesses the statistical significance of correlations, taking into account specific product details such as product name, discount rates, and the number of favourites. The findings offer valuable insights with managerial implications. For instance, the study recommends that if a customer adds products with a high discount rate to their basket, the company should suggest products with a lower discount rate. Furthermore, the traditional rules are augmented by incorporating product features. Specifically, when the total number of favourites is below 7,500 and the discount rate is less than 75%, the similarity ratio of the recommended products should be below 0.50. These enhancements contribute significantly to the field, providing actionable recommendations for e-commerce companies to optimise their product recommendation strategies.
Açıklama
Anahtar Kelimeler
association rules, basket analysis, statistical tests, e-commerce
