Abstract
Digital retailers are experiencing an increasing number of transactions coming from their consumers online, a consequence of the convenience in buying goods via E-commerce platforms. Such interactions compose complex behavioral patterns which can be analyzed through predictive analytics to enable businesses to understand consumer needs. In this abundance of big data and possible tools to analyze them, a systematic review of the literature is missing. Therefore, this paper presents a systematic literature review of recent research dealing with customer purchase prediction in the E-commerce context. The main contributions are a novel analytical framework and a research agenda in the field. The framework reveals three main tasks in this review, namely, the prediction of customer intents, buying sessions, and purchase decisions. Those are followed by their employed predictive methodologies and are analyzed from three perspectives. Finally, the research agenda provides major existing issues for further research in the field of purchase behavior prediction online.
| Original language | English |
|---|---|
| Title of host publication | New Frontiers in Mining Complex Patterns - 8th International Workshop, NFMCP 2019, held in Conjunction with ECML-PKDD 2019, Revised Selected Papers |
| Editors | Michelangelo Ceci, Corrado Loglisci, Giuseppe Manco, Elio Masciari, Zbigniew Ras |
| Publisher | Springer |
| Pages | 119-136 |
| Number of pages | 18 |
| ISBN (Print) | 9783030488604 |
| DOIs | |
| Publication status | Published - 2020 |
| Event | 8th International Workshop on New Frontiers in Mining Complex Patterns, NFMCP 2019, held in conjunction with the European Conference on Machine Learning and Principles and Practice of Knowledge Discovery in Databases, ECML-PKDD 2019 - Würzburg, Germany Duration: 16 Sept 2019 → 16 Sept 2019 |
Publication series
| Name | Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) |
|---|---|
| Volume | 11948 LNAI |
| ISSN (Print) | 0302-9743 |
| ISSN (Electronic) | 1611-3349 |
Workshop
| Workshop | 8th International Workshop on New Frontiers in Mining Complex Patterns, NFMCP 2019, held in conjunction with the European Conference on Machine Learning and Principles and Practice of Knowledge Discovery in Databases, ECML-PKDD 2019 |
|---|---|
| Country/Territory | Germany |
| City | Würzburg |
| Period | 16.09.2019 → 16.09.2019 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 12 Responsible Consumption and Production
Keywords
- Behavior analytics
- Consumer behavior
- Data mining
- Digital retail
- E-commerce
- Machine learning
- Purchase prediction
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