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Predicting Outcomes of Active Sessions Using Multi-action Motifs

Published: 14 October 2019 Publication History

Abstract

Web sites and online services increasingly engage with users through live chats to provide support, advice, and offers. Such approaches require reliable methods to predict the user’s intent and make an informed decision when and how to intervene during an active session. Prior work on predicting purchase intent involved clickstream data mining and feature construction in an ad-hoc manner with a moderate success (AUC 0.70 range). We demonstrate the use of the consumer Purchase Decision Model (PDM) and a principled way of constructing features predictive of the purchase intent. We show that the Logistic Regression (LR) classifiers, trained with multi-action motifs, perform on par with the state-of-the-art LSTM sequence model achieving comparable AUC (0.95 vs 0.96) and performing better for the sparse purchase sessions, with higher recall (0.85 vs 0.61) and higher F1 score (0.73 vs 0.66). While LSTM performs better than LR in terms of weighted averages of F1, precision, and recall, it requires 7 times longer to train and offers no insights about the predictive model in terms of the user actions and the purchase decision stages. The LR predictors are robust and effective in simulating real-time interventions, achieving F1 of 0.84 and AUC of 0.85 after observing only 50% of an active session. For non-purchase sessions that leaves room for live intervention, on average within 8 actions before the session ends.

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Cited By

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  • (2024)Customer purchase prediction in electronic markets from clickstream data using the Oracle meta-classifierOperational Research10.1007/s12351-023-00813-624:1Online publication date: 27-Feb-2024
  • (2023)TEE: Real-Time Purchase Prediction Using Time Extended Embeddings for Representing Customer BehaviorJournal of Theoretical and Applied Electronic Commerce Research10.3390/jtaer1803007018:3(1404-1418)Online publication date: 17-Aug-2023
  • (2022)Will This Online Shopping Session Succeed? Predicting Customer's Purchase Intention Using EmbeddingsProceedings of the 31st ACM International Conference on Information & Knowledge Management10.1145/3511808.3557127(2873-2882)Online publication date: 17-Oct-2022
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            cover image ACM Other conferences
            WI '19: IEEE/WIC/ACM International Conference on Web Intelligence
            October 2019
            507 pages
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            Publication History

            Published: 14 October 2019

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            Author Tags

            1. Action motifs
            2. Consumer e-purchase
            3. Purchase sessions
            4. User behavior
            5. User modelling

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            • Refereed limited

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            • UK Engineering andPhysical Sciences Research Council

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            Overall Acceptance Rate 118 of 178 submissions, 66%

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            Cited By

            View all
            • (2024)Customer purchase prediction in electronic markets from clickstream data using the Oracle meta-classifierOperational Research10.1007/s12351-023-00813-624:1Online publication date: 27-Feb-2024
            • (2023)TEE: Real-Time Purchase Prediction Using Time Extended Embeddings for Representing Customer BehaviorJournal of Theoretical and Applied Electronic Commerce Research10.3390/jtaer1803007018:3(1404-1418)Online publication date: 17-Aug-2023
            • (2022)Will This Online Shopping Session Succeed? Predicting Customer's Purchase Intention Using EmbeddingsProceedings of the 31st ACM International Conference on Information & Knowledge Management10.1145/3511808.3557127(2873-2882)Online publication date: 17-Oct-2022
            • (2019)Customer Purchase Behavior Prediction in E-commerce: A Conceptual Framework and Research AgendaNew Frontiers in Mining Complex Patterns10.1007/978-3-030-48861-1_8(119-136)Online publication date: 16-Sep-2019

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