This dissertation was written as a part of the MSc in e-Business & Digital Marketing at
the International Hellenic University. With the advent of the Internet a significant
change was occurred in the way individuals purchase goods and services. More and
more customers tend to read products reviews before making a purchasing decision.
Thus, such reviews have become an important component of e-commerce websites.
Moreover, online consumers’ expectations are continuous being increased over the
years. These heightened customers’ expectations have increased the complexity of
online systems that businesses need to operate. A dynamic approach for companies is
needed in order to remain competitive and achieve customer satisfaction. Thus, big
challenges of today’s businesses are how to successfully handle the huge amount of
data produced by customers daily as well as how to mine valuable information from
them to understand users’ preferences and make accurate recommendations. This
thesis explores how companies can manage and extract useful information from the
data available in their warehouses in e-commerce environment. More specifically,
predictive analytics and machine learning algorithms are implemented, creating three
different models that predict customer review rating score after a product purchase.
Implementing data mining tools, firms can predict future customer behaviors and
trends. In this way, e-retailers have the ability to make proactive, knowledge-driven
decisions.
In the first part of the current dissertation, the literature review is presented. On the
second part, deep analysis of a dataset will be conducted in order to discover useful
patterns and insights. The dataset used comes from the Olist Shops which is a platform
that connects e-retailers with potential customers in Brazil. Finally, the predictive
models will be built to determine the most important factors affecting the rating
scores provided by reviewers.
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