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Data Mining and Marketing Strategy Analysis of E-commerce Enterprises Based on RFM Model

Published: 27 January 2023 Publication History

Abstract

In the era of big data, in order to improve the core competitiveness of e-commerce enterprises, it is necessary to accurately segment enterprise customers, and then adopt personalized marketing strategies to improve customer satisfaction and loyalty. Based on the RFM model and combined with K-means clustering, this paper scientifically establishes a feedback model through five steps of business system raw data collection, effective data extraction, data exploration and preprocessing, modeling and application, and results and feedback. It analyzes customer consumption behavior data, and finally classifies customers, helps companies identify potential customers, evaluates, categorizes and effectively manages customers, and provides an important reference for formulating reasonable marketing strategies. This paper advocates "differentiated" marketing for e-commerce customers based on the results of scientific analysis of "big data", so as to achieve the effect that input is proportional to output.

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  • (2023)F-RFM-Miner: an efficient algorithm for mining fuzzy patterns using the recency-frequency-monetary modelApplied Intelligence10.1007/s10489-023-04990-x53:22(27892-27911)Online publication date: 19-Sep-2023

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ICIIP '22: Proceedings of the 7th International Conference on Intelligent Information Processing
September 2022
367 pages
ISBN:9781450396714
DOI:10.1145/3570236
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 27 January 2023

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Author Tags

  1. RFM model
  2. big data
  3. marketing strategy

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ICIIP '22

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Overall Acceptance Rate 87 of 367 submissions, 24%

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View all
  • (2023)F-RFM-Miner: an efficient algorithm for mining fuzzy patterns using the recency-frequency-monetary modelApplied Intelligence10.1007/s10489-023-04990-x53:22(27892-27911)Online publication date: 19-Sep-2023

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