Predicting Consumer Purchasing Decision in The Online Food Delivery
Industry
- URL: http://arxiv.org/abs/2110.00502v1
- Date: Fri, 1 Oct 2021 16:05:48 GMT
- Title: Predicting Consumer Purchasing Decision in The Online Food Delivery
Industry
- Authors: Batool Madani and Hussam Alshraideh
- Abstract summary: Predictive modeling is a type of machine learning that uses various regression algorithms, analytics, and statistics to estimate the probability of an occurrence.
Four prediction models are considered: CART and C4.5 decision trees, random forest, and rule-based classifiers, and their accuracies in providing the correct class label are evaluated.
The findings show that all models perform similarly, but the C4.5 outperforms them all with an accuracy of 91.67%.
- Score: 0.0
- License: http://creativecommons.org/licenses/by/4.0/
- Abstract: This transformation of food delivery businesses to online platforms has
gained high attention in recent years. This due to the availability of
customizing ordering experiences, easy payment methods, fast delivery, and
others. The competition between online food delivery providers has intensified
to attain a wider range of customers. Hence, they should have a better
understanding of their customers' needs and predict their purchasing decisions.
Machine learning has a significant impact on companies' bottom line. They are
used to construct models and strategies in industries that rely on big data and
need a system to evaluate it fast and effectively. Predictive modeling is a
type of machine learning that uses various regression algorithms, analytics,
and statistics to estimate the probability of an occurrence. The incorporation
of predictive models helps online food delivery providers to understand their
customers. In this study, a dataset collected from 388 consumers in Bangalore,
India was provided to predict their purchasing decisions. Four prediction
models are considered: CART and C4.5 decision trees, random forest, and
rule-based classifiers, and their accuracies in providing the correct class
label are evaluated. The findings show that all models perform similarly, but
the C4.5 outperforms them all with an accuracy of 91.67%.
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