Predicting customer purchase behavior using transactional data and machine learning – Complete Phd and Masters Thesis

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Introduction

In today’s competitive business landscape, understanding customer purchase behavior is crucial for companies to effectively target and retain customers. With the advancement of technology, businesses now have access to vast amounts of transactional data that can provide valuable insights into customer behavior. Machine learning, a subset of artificial intelligence, has emerged as a powerful tool that can analyze this data and predict customer behavior with high accuracy.

This thesis aims to explore the use of transactional data and machine learning techniques to predict customer purchase behavior. By understanding the factors that influence customer purchasing decisions, businesses can tailor their marketing strategies, improve customer engagement, and ultimately increase sales and profitability.

Chapter 1: Introduction
1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of terms

Chapter 2: Literature Review
2.1 Overview of customer purchase behavior
2.2 Importance of predicting customer behavior
2.3 Traditional methods of predicting customer behavior
2.4 Machine learning techniques for predicting customer behavior
2.5 Case studies on predicting customer behavior using transactional data and machine learning
2.6 Challenges in predicting customer behavior
2.7 Future trends in predicting customer behavior
2.8 Summary of key findings in the literature
2.9 Theoretical framework for predicting customer behavior
2.10 Conceptual model for predicting customer behavior

Chapter 3: Research Methodology
3.1 Research design
3.2 Data collection
3.3 Data preprocessing
3.4 Feature selection
3.5 Model selection
3.6 Model evaluation
3.7 Ethical considerations
3.8 Data analysis techniques
3.9 Research limitations
3.10 Research implications

Chapter 4: Discussion of Findings
4.1 Descriptive analysis of customer purchase behavior
4.2 Predictive analysis using machine learning techniques
4.3 Comparison of different prediction models
4.4 Interpretation of key findings
4.5 Discussion of implications for businesses
4.6 Future research directions
4.7 Limitations of the study
4.8 Recommendations for businesses
4.9 Conclusion and summary of findings

Chapter 5: Conclusion and Summary
5.1 Summary of key findings
5.2 Conclusions drawn from the study
5.3 Implications for businesses
5.4 Recommendations for future research
5.5 Final thoughts and reflections

Thesis Overview: Predicting Customer Purchase Behavior Using Transactional Data and Machine Learning

The thesis aims to explore the use of transactional data and machine learning techniques to predict customer purchase behavior. Chapter 1 provides an introduction to the study, highlighting the background, problem statement, objectives, limitations, scope, significance, structure, and definition of terms. Chapter 2 presents a comprehensive literature review, covering the overview of customer purchase behavior, importance of predicting customer behavior, traditional methods, machine learning techniques, case studies, challenges, future trends, key findings, theoretical framework, and conceptual model.

Chapter 3 discusses the research methodology, including research design, data collection, preprocessing, feature selection, model selection, model evaluation, ethical considerations, data analysis techniques, research limitations, and implications. Chapter 4 delves into the discussion of findings, encompassing descriptive and predictive analysis, model comparison, interpretation of key findings, implications for businesses, future research directions, limitations, recommendations, and conclusion. Chapter 5 concludes the thesis with a summary of key findings, conclusions, implications for businesses, recommendations for future research, and final reflections.

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