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Construction of the Luxury Marketing Model Based on Machine Learning Classification Algorithm
- Source :
- Scientific Programming, Vol 2021 (2021)
- Publication Year :
- 2021
- Publisher :
- Hindawi Limited, 2021.
-
Abstract
- China has become the world’s largest luxury goods consumer market due to its population base. In view of the bright prospects of the luxury consumer market, major companies have entered and want to get a share. For the luxury goods industry, traditional mass marketing methods are not able to serve corporate sales and marketing strategies more effectively, and targeted marketing is clearly much more efficient than randomized marketing. Therefore, in this paper, based on consumer buying habits and characteristics data of luxury goods, the paper uses a machine learning algorithm to build a personalized marketing strategy model. And the paper uses historical data to model and form deductions to predict the purchase demand of each consumer and evaluate the possibility of customers buying different goods, including cosmetics, jewelry, and clothing.
- Subjects :
- education.field_of_study
Article Subject
business.industry
Population
Targeted marketing
Mass marketing
Clothing
A share
GeneralLiterature_MISCELLANEOUS
Computer Science Applications
QA76.75-76.765
Statistical classification
Personalized marketing
Computer software
Business
Marketing
education
Algorithm
Software
Consumer market
Subjects
Details
- ISSN :
- 1875919X and 10589244
- Volume :
- 2021
- Database :
- OpenAIRE
- Journal :
- Scientific Programming
- Accession number :
- edsair.doi.dedup.....53aec76c734303b3479e50d45911b11d
- Full Text :
- https://doi.org/10.1155/2021/6511552