Artificial neural network, induction rules and IRANN to forecast purchasers for a specific product

Artificial neural network, induction rules and IRANN to forecast purchasers for a specific product

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Article ID: iaor20063019
Country: South Korea
Volume: 30
Issue: 4
Start Page Number: 117
End Page Number: 130
Publication Date: Dec 2005
Journal: Journal of the Korean ORMS Society
Authors: ,
Keywords: neural networks, marketing
Abstract:

It is effective and desirable for a proper customer relationship management or marketing to focus on the specific customers rather than a number of non specific customers. This study forecasts the prospective purchasers with high probability to purchase a specific product. Artifical Neural Network (ANN) can classify the characteristics of the prospective purchasers but ANN has a limitation in comprehending of outputs. ANN is integrated into IRANN with IR of decision tree program C5.0 to comprehend and analyze the outputs of ANN. We compare and analyze the accuracy of ANN, IR, and IRANN.

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