Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Predictive modeling of campaigns to quantify performance in fashion retail industry
University of Borås, Department of Business Administration and Textile Management.
Jönköping University, School of Engineering, JTH, Department of Computing, Jönköping AI Lab (JAIL).ORCID iD: 0000-0003-0412-6199
Jönköping University, School of Engineering, JTH, Department of Computing, Jönköping AI Lab (JAIL).ORCID iD: 0000-0003-0274-9026
2019 (English)In: Proceedings - 2019 IEEE International Conference on Big Data, Big Data 2019, IEEE, 2019, p. 2267-2273Conference paper, Published paper (Refereed)
Abstract [en]

Managing campaigns and promotions effectively is vital for the fashion retail industry. While retailers invest a lot of money in campaigns, customer retention is often very low. At innovative retailers, data-driven methods, aimed at understanding and ultimately optimizing campaigns are introduced. In this application paper, machine learning techniques are employed to analyze data about campaigns and promotions from a leading Swedish e-retailer. More specifically, predictive modeling is used to forecast the profitability and activation of campaigns using different kinds of promotions. In the empirical investigation, regression models are generated to estimate the profitability, and classification models are used to predict the overall success of the campaigns. In both cases, random forests are compared to individual tree models. As expected, the more complex ensembles are more accurate, but the usage of interpretable tree models makes it possible to analyze the underlying relationships, simply by inspecting the trees. In conclusion, the accuracy of the predictive models must be deemed high enough to make these data-driven methods attractive.

Place, publisher, year, edition, pages
IEEE, 2019. p. 2267-2273
Keywords [en]
Campaign Prediction, Decision Trees, Fashion retail, Machine Learning, Predictive Modeling, Random Forest, Big data, Forecasting, Forestry, Learning systems, Profitability, Random forests, Regression analysis, Classification models, Customer retention, Data-driven methods, Empirical investigation, Individual tree model, Machine learning techniques, Sales
National Category
Computer Sciences
Identifiers
URN: urn:nbn:se:hj:diva-48026DOI: 10.1109/BigData47090.2019.9005492ISI: 000554828702045Scopus ID: 2-s2.0-85081295913ISBN: 9781728108582 (electronic)ISBN: 9781728108599 (print)OAI: oai:DiVA.org:hj-48026DiVA, id: diva2:1417693
Conference
2019 IEEE International Conference on Big Data, Big Data 2019, Los Angeles, United States, 9-12 December 2019
Funder
Knowledge Foundation, 20160035Available from: 2020-03-30 Created: 2020-03-30 Last updated: 2021-03-15Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records

Johansson, UlfLöfström, Tuwe

Search in DiVA

By author/editor
Johansson, UlfLöfström, Tuwe
By organisation
Jönköping AI Lab (JAIL)
Computer Sciences

Search outside of DiVA

GoogleGoogle Scholar

doi
isbn
urn-nbn

Altmetric score

doi
isbn
urn-nbn
Total: 244 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf