TY - GEN
T1 - An Experimental Comparison of Classification Algorithms for Premium Beef Customer Buying Intention
AU - Rangsaritvorakarn, Nattaphon
AU - Nimsai, Suthep
AU - Fakkhong, Korawit
AU - Jongsureyapart, Chatrudee
N1 - Publisher Copyright:
© 2022 IEEE.
PY - 2022
Y1 - 2022
N2 - This study aimed to explore and compare machine learning performance to predict the customer purchasing decision within premium beef shops. The sampling locations were Thailand. The population used in the study consisted of 436 valid responses from 5 premium beef shops. The data was obtained by using questionnaires consisting of gender, age, three questions of product, one question for the price, one question for the place, and three questions for appearances. The study was used four classifier's algorithms: k- nearest neighbors, decision tree, random forest, and xgboost model. The models were compared to find the highest accuracy for premium beef customer behavior data set. Random forest algorithms were evaluated to have the best performance in predicting premium beef purchasing decisions in Thailand. The model has an accuracy of 88.62 percent, precision of 88.46 percent, recall of 85.19 percent, f1 of 86.79 percent, and AUC of 95 percent. The two important elements that influence purchasing decisions are price and product age. The most accurate algorithms can be used to forecast consumer product purchases and comprehend the principles of elements that influence buying decisions.
AB - This study aimed to explore and compare machine learning performance to predict the customer purchasing decision within premium beef shops. The sampling locations were Thailand. The population used in the study consisted of 436 valid responses from 5 premium beef shops. The data was obtained by using questionnaires consisting of gender, age, three questions of product, one question for the price, one question for the place, and three questions for appearances. The study was used four classifier's algorithms: k- nearest neighbors, decision tree, random forest, and xgboost model. The models were compared to find the highest accuracy for premium beef customer behavior data set. Random forest algorithms were evaluated to have the best performance in predicting premium beef purchasing decisions in Thailand. The model has an accuracy of 88.62 percent, precision of 88.46 percent, recall of 85.19 percent, f1 of 86.79 percent, and AUC of 95 percent. The two important elements that influence purchasing decisions are price and product age. The most accurate algorithms can be used to forecast consumer product purchases and comprehend the principles of elements that influence buying decisions.
KW - buying decision
KW - classification
KW - machine learning
KW - premium beef
UR - https://www.scopus.com/pages/publications/85130114822
U2 - 10.1109/DASA54658.2022.9765095
DO - 10.1109/DASA54658.2022.9765095
M3 - Conference contribution
AN - SCOPUS:85130114822
T3 - 2022 International Conference on Decision Aid Sciences and Applications, DASA 2022
SP - 1078
EP - 1082
BT - 2022 International Conference on Decision Aid Sciences and Applications, DASA 2022
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2022 International Conference on Decision Aid Sciences and Applications, DASA 2022
Y2 - 23 March 2022 through 25 March 2022
ER -