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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/10010731892
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/10010837887
In content- and knowledge-based recommender systems often a measure of (dis)similarity between items is used. Frequently, this measure is based on the attributes of the items. However, which attributes are important for the users of the system remains an important question to answer. In this...
Persistent link: https://www.econbiz.de/10010731060
Traditionally, recommender systems present recommendations in lists to the user. In content- and knowledge-based recommendation systems these list are often sorted on some notion of similarity with a query, ideal product specification, or sample product. However, a lot of information is lost in...
Persistent link: https://www.econbiz.de/10010731146
Many content-based recommendation approaches are based on a dissimilarity measure based on the product attributes. In this paper, we evaluate four dissimilarity measures for product recommendation using an online survey. In this survey, we asked users to specify which products they considered to...
Persistent link: https://www.econbiz.de/10010837539
We propose a new hybrid recommender system that combines some advantages of collaborative and content-based recommender systems. While it uses ratings data of all users, as do collaborative recommender systems, it is also able to recommend new items and provide an explanation of its...
Persistent link: https://www.econbiz.de/10010837579
In content- and knowledge-based recommender systems often a measure of (dis)similarity between products is used. Frequently, this measure is based on the attributes of the products. However, which attributes are important for the users of the system remains an important question to answer. In...
Persistent link: https://www.econbiz.de/10010837641
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/10010731879
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/10010731900
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/10010837746