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Hedonic pricing models attempt to model a relationship between object attributes and the object's price. Traditional hedonic pricing models are often parametric models that suffer from misspecification. In this paper we create these models by means of boosted CART models. The method is explained...
Persistent link: https://www.econbiz.de/10005000463
The brand choice problem in marketing has recently been addressed with methods from computational intelligence such as neural networks. Another class of methods from computational intelligence, the so-called ensemble methods such as boosting and stacking have never been applied to the brand...
Persistent link: https://www.econbiz.de/10005504986
In this report a support system for predicting end prices on eBay is proposed. The end price predictions are based on the item descriptions found in the item listings of eBay, and on some numerical item features. The system uses text mining and boosting algorithms from the field of machine...
Persistent link: https://www.econbiz.de/10005450845
In this paper various ensemble learning methods from machine learning and statistics are considered and applied to the customer choice modeling problem. The application of ensemble learning usually improves the prediction quality of flexible models like decision trees and thus leads to improved...
Persistent link: https://www.econbiz.de/10005450872
Many authors have written about Mass Customization and its features and categories. Literature on the implementation of Mass Customization, and in particular the supporting information technology, is scant. This paper attempts to fill this gap by focusing on this subject. We determine the key...
Persistent link: https://www.econbiz.de/10004991109
We visualize a a web server log by means of multidimensional scaling. To that end, a so-called dissimilarity metric is introduced in the sets of sessions and pages respectively. We interpret the resulting visualizations and find some interesting patterns.
Persistent link: https://www.econbiz.de/10004972196
Most recommender systems present recommended products in lists to the user. By doing so, much information is lost about the mutual similarity between recommended products. We propose to represent the mutual similarities of the recommended products in a two dimensional space, where similar...
Persistent link: https://www.econbiz.de/10005450836
In this article we describe reinforcement learning, a machine learning technique for solving sequential decision problems. We describe how reinforcement learning can be combined with function approximation to get approximate solutions for problems with very large state spaces. One such problem...
Persistent link: https://www.econbiz.de/10005450895
We create a hedonic price model for house prices for six geographical submarkets in the Netherlands. Our model is based on a recent data mining technique called boosting. Boosting is an ensemble technique that combines multiple models, in our case decision trees, into a combined prediction....
Persistent link: https://www.econbiz.de/10005450900
Dilworth's theorem establishes a link between a minimal path cover and a maximal antichain in a digraph. A new proof for Dilworth's theorem is given. Moreover an algorithm to find both the path cover and the antichain, as considered in the theorem, is presented.
Persistent link: https://www.econbiz.de/10009003153