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

Authors :
Chen, Qiaoshan
Cai, Shousong
Gu, Xiaomin
Source :
Scientific Programming. 10/19/2021, p1-11. 11p.
Publication Year :
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. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10589244
Database :
Academic Search Index
Journal :
Scientific Programming
Publication Type :
Academic Journal
Accession number :
153094473
Full Text :
https://doi.org/10.1155/2021/6511552