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Construction of the Luxury Marketing Model Based on Machine Learning Classification Algorithm

Authors :
Qiaoshan Chen
Xiao-min Gu
Shousong Cai
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.

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