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National Library of Serbia
Class balancing in customer segments classification using support vector machine rule extraction and ensemble learning
An objective and data-based market segmentation is a precondition for efficient targeting in direct marketing campaigns. The role of customer segments classification in direct marketing is to predict the segment of most valuable customers who is likely to respond to a campaign based on previous purchasing behavior. A good-performing predictive model can significantly increase revenue, but also, reduce unnecessary marketing campaign costs. As this segment of customers is generally the smallest, most...
Download 2021 Ljiljana Kascelan , Suncica Rogic
IGI Global
Segmentation Approach for Athleisure and Performance Sport Retailers Based on Data Mining Techniques
This paper seeks to compare certain customer segments from two sport footwear, apparel, and equipment retailers and to examine an objective market segmentation method, based on the recency, frequency, monetary (RFM) and the decision tree (DT) models. The case study is based on two data sets, aiming to compare the different customer segments, both from sport retail industry, and represents an application of data mining techniques in a business environment. The customer segmentation enables the customer...
Download 2021 Ljiljana Kascelan , Suncica Rogic
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