Price prediction of e-commerce products through Internet sentiment analysis

With the rapid development of the Internet and data-processing technologies, Internet sentiment analysis can be used to explore many possibilities, from Internet news about products or the influence of product price to the influence of sale behaviour and important brand strategies. In this paper, we...

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Bibliographic Details
Published in:Electronic commerce research 2018-03, Vol.18 (1), p.65-88
Main Authors: Tseng, Kuo-Kun, Lin, Regina Fang-Ying, Zhou, Hongfu, Kurniajaya, Kevin Jati, Li, Qianyu
Format: Article
Language:English
Subjects:
Brand identity
Business and Management
Computer Communication Networks
Data mining
Data processing
Data Structures and Information Theory
e-Commerce/e-business
Electronic commerce
Internet
IT in Business
Mathematical models
News
Operations Research/Decision Theory
Pricing
Product introduction
Sentiment analysis
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Summary:With the rapid development of the Internet and data-processing technologies, Internet sentiment analysis can be used to explore many possibilities, from Internet news about products or the influence of product price to the influence of sale behaviour and important brand strategies. In this paper, we analyse news affecting the price of products, and establish a new model for price prediction. The results show that significant news events have an impact on the sale prices of electronic products, and can improve the accuracy of price forecasts. Thus, the contribution of this paper is to propose a new forecasting model for the price of e-commerce products.
ISSN:1389-5753
1572-9362
DOI:10.1007/s10660-017-9272-9