Customer Data Mining for Lifestyle Segmentation

Introduction and the Research Problem V.L. Migueis, A.S. Camanho, and Joao Falcao e Cunha proposed a study titled “Customer Data Mining for Lifestyle Segmentation” published in the Journal of Expert Systems with Applications, published by Elsevier in 2012. The study discusses that maintaining a good relationship with the customer base ensures companies gain a competitive…… Continue reading Customer Data Mining for Lifestyle Segmentation

What Happened to Strategic Segmentation?

Introduction and the Research Problem Angus Jenkinson proposed a study titled “What happened to strategic segmentation?” published in the Journal of Direct, Data and Digital Market Practice in 2009. The study discusses segmentation performed from descriptive, predictive, and operational analysis presents the gold standard for a market analysis for marketers. The author highlights that 20…… Continue reading What Happened to Strategic Segmentation?

Market Segmentation – A Response to Retail Innovation

Introduction and the Research Problem David L. Appel conducted a study titled “Market Segmentation- A Response to Retail Innovation” published in the Journal of Marketing by Sage Publication in 1970. The study investigates how innovative institutions disrupt the current patterns of market segmentation. In addition, the author highlights that very little is known about market…… Continue reading Market Segmentation – A Response to Retail Innovation

Combining Discrete And Continuous Representations Of Preference Heterogeneity: A Latent Class Approach

In this article, we will be reviewing a research paper, titled: Combining Discrete and Continuous Representations of Preference Heterogeneity: A Latent Class Approach. Possible methods to incorporate variability in leisure requirements are examined in this research paper. The focus of the paper is on finding alternative methods to incorporate heterogeneity in recreational demand. The researchers…… Continue reading Combining Discrete And Continuous Representations Of Preference Heterogeneity: A Latent Class Approach

Customer Segmentation Based on Buying and Returning Behaviour

In this article, we will be reviewing a research paper, titled: ‘Customer segmentation based on buying and returning behaviour’. The focus of this research paper is based on two aspects, which are:  To determine if a general-purpose strategy conforms to the clothing businesses that involve e-commerce To properly assess for certain if customer rates of…… Continue reading Customer Segmentation Based on Buying and Returning Behaviour

SiloSolver: Algorithm for Aggregating Siloed Customer Segments in Facebook Ads Campaigns

Data silo problem refers to related datasets located in different databases, systems, or files. In the case of online advertising, performance metrics are fragmented in different campaigns and ad sets, making it difficult to compare customer segments. In this research, we present SiloSolver, an algorithm that: (a) retrieves performance metrics for different customer segments across…… Continue reading SiloSolver: Algorithm for Aggregating Siloed Customer Segments in Facebook Ads Campaigns

Next Likely Behavior: Predicting Individual Actions from Aggregate User Behaviors

We report results using n-grams to model user actions with only aggregated data and knowing little about the user. Employing a data set of 33,860 flight bookings from 4,221 passengers, we evaluate the n-gram model for the precision of predicting next likely actions. Results show that our approach can achieve a precision of 21% overall…… Continue reading Next Likely Behavior: Predicting Individual Actions from Aggregate User Behaviors

Approaches to Customer Segmentation

Research Problem Bruce Cooil, Lerzan Aksoy, and Timothy L. Keiningham proposed a study titled “Approaches to Customer Segmentation” published in the Journal of Relationship Marketing in 2008. The study focuses on how a multi-national firm has developed effective segmentation strategies and gained a conceptual understanding of how inventive and novel approaches can provide more value.…… Continue reading Approaches to Customer Segmentation

Customer Segmentation and Strategy Development Based on Customer Lifetime Value: A Case Study — Summary

In this article we will be reviewing a research paper titled: Customer segmentation and strategy development based on customer lifetime value; published by Elsevier in the year 2006. The authors have presented an approach for evaluating customer value and segmenting customers into segments on the basis of their value. Following the segmentation of consumers on…… Continue reading Customer Segmentation and Strategy Development Based on Customer Lifetime Value: A Case Study — Summary

Manual and Automatic Methods for User Needs Detection in Requirements Engineering: Key Concepts and Challenges

User needs inform designers and developers of essential functionalities for requirements engineering. In this work, we summarize key concepts and challenges relating to manual and automatic user needs detection methods. We discuss six challenges with manual and eight challenges with automated methods. A. Challenges of Manual Methods • A01: Limited sample sizes. • A02: Budgetary…… Continue reading Manual and Automatic Methods for User Needs Detection in Requirements Engineering: Key Concepts and Challenges