Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews

This study aims to investigate the contributions of online promotional marketing and online reviews as predictors of consumer product demands. Using electronic data from Amazon.com, we attempt to predict if online review variables such as valence and volume of reviews, the number of positive and neg...

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Main Authors: Chong, Alain Yee Loong, Ch’ng, Eugene, Liu, Martin J., Li, Boying
Format: Article
Published: Taylor & Francis 2017
Subjects:
Online Access:https://eprints.nottingham.ac.uk/51933/
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author Chong, Alain Yee Loong
Ch’ng, Eugene
Liu, Martin J.
Li, Boying
author_facet Chong, Alain Yee Loong
Ch’ng, Eugene
Liu, Martin J.
Li, Boying
author_sort Chong, Alain Yee Loong
building Nottingham Research Data Repository
collection Online Access
description This study aims to investigate the contributions of online promotional marketing and online reviews as predictors of consumer product demands. Using electronic data from Amazon.com, we attempt to predict if online review variables such as valence and volume of reviews, the number of positive and negative reviews, and online promotional marketing variables such as discounts and free deliveries, can influence the demand of electronic products in Amazon.com. A Big Data architecture was developed and Node.JS agents were deployed for scraping the Amazon.com pages using asynchronous Input/Output calls. The completed Web crawling and scraping data-sets were then preprocessed for Neural Network analysis. Our results showed that variables from both online reviews and promotional marketing strategies are important predictors of product demands. Variables in online reviews in general were better predictors as compared to online marketing promotional variables. This study provides important implications for practitioners as they can better understand how online reviews and online promotional marketing can influence product demands. Our empirical contributions include the design of a Big Data architecture that incorporate Neural Network analysis which can used as a platform for future researchers to investigate how Big Data can be used to understand and predict online consumer product demands.
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institution University of Nottingham Malaysia Campus
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publishDate 2017
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spelling nottingham-519332020-05-04T19:03:11Z https://eprints.nottingham.ac.uk/51933/ Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews Chong, Alain Yee Loong Ch’ng, Eugene Liu, Martin J. Li, Boying This study aims to investigate the contributions of online promotional marketing and online reviews as predictors of consumer product demands. Using electronic data from Amazon.com, we attempt to predict if online review variables such as valence and volume of reviews, the number of positive and negative reviews, and online promotional marketing variables such as discounts and free deliveries, can influence the demand of electronic products in Amazon.com. A Big Data architecture was developed and Node.JS agents were deployed for scraping the Amazon.com pages using asynchronous Input/Output calls. The completed Web crawling and scraping data-sets were then preprocessed for Neural Network analysis. Our results showed that variables from both online reviews and promotional marketing strategies are important predictors of product demands. Variables in online reviews in general were better predictors as compared to online marketing promotional variables. This study provides important implications for practitioners as they can better understand how online reviews and online promotional marketing can influence product demands. Our empirical contributions include the design of a Big Data architecture that incorporate Neural Network analysis which can used as a platform for future researchers to investigate how Big Data can be used to understand and predict online consumer product demands. Taylor & Francis 2017-09-01 Article PeerReviewed Chong, Alain Yee Loong, Ch’ng, Eugene, Liu, Martin J. and Li, Boying (2017) Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews. International Journal of Production Research, 55 (17). pp. 5142-5156. ISSN 0020-7543 Product demands; online reviews; promotional marketing; online marketplace; big data; neural network https://www.tandfonline.com/doi/full/10.1080/00207543.2015.1066519 doi:10.1080/00207543.2015.1066519 doi:10.1080/00207543.2015.1066519
spellingShingle Product demands; online reviews; promotional marketing; online marketplace; big data; neural network
Chong, Alain Yee Loong
Ch’ng, Eugene
Liu, Martin J.
Li, Boying
Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews
title Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews
title_full Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews
title_fullStr Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews
title_full_unstemmed Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews
title_short Predicting consumer product demands via Big Data: the roles of online promotional marketing and online reviews
title_sort predicting consumer product demands via big data: the roles of online promotional marketing and online reviews
topic Product demands; online reviews; promotional marketing; online marketplace; big data; neural network
url https://eprints.nottingham.ac.uk/51933/
https://eprints.nottingham.ac.uk/51933/
https://eprints.nottingham.ac.uk/51933/