Price Changes Analysis Using Association Rule Mining on Online Shopping Portals

 
 
 
  • Abstract
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  • Abstract


    In the recent years, the growth of online marketplace explodes and has become the new norm of shopping. Access to the internet allows consumers to visit local and global online marketplace. By using online shopping, consumers can view the latest products and comparing products' prices. Online marketplace offers flexibility and eases consumers in so many ways. On the contrary, it also has some limitations. Dynamic pricing allows sellers to enhance their marketing strategy by ensuring price competitive with other sellers. The frequent occurrence of real-time price changing limits the user to get the best deal. This paper discusses the analysis of price changes using Association Rule Mining. Price-ChARM finds a frequent pattern of price changes in corresponding to different timelines. On the online marketplace, due to multiple sellers can sell the same item with different offers such as delivery speed and dynamic pricing, the comparison can be quite tricky. We collected data from two well-known portals and we represent the dataset as set of prices for different products for the purpose of frequent itemset mining. We implement the Apriori algorithm and use a total amount of 3,960 records. We generate association rules from the frequent itemsets found in the records and visualize the confidence of 0.9 rules. The association rules represent the pattern of price changes in the portals. This study eases consumer shopping experiences by understanding the trend of price changes to provide a better decision in making a purchase.

     

     


  • Keywords


    Apriori Algorithm, Association Rule Mining, Dynamic Pricing, Tracking.

  • References


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Article ID: 23379
 
DOI: 10.14419/ijet.v7i4.31.23379




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