Customer purchase behavior prediction in e-commerce: A conceptual framework and research agenda
D. Cirqueira, M. Hofer, D. Nedbal, M. Helfert, M. Bezbradica - Customer purchase behavior prediction in e-commerce: A conceptual framework and research agenda - Lecture Notes in Computer Science , Würzburg, Deutschland, 2019, pp. 119-136
Digital retailers are experiencing an increasing number of transactions coming from their consumers online, a consequence of the convenience in buying goods via E-commerce platforms. Such interactions compose complex behavioral patterns which can be analyzed through predictive analytics to enable businesses to understand consumer needs. In this abundance of big data and possible tools to analyze them, a systematic review of the literature is missing. Therefore, this paper presents a systematic literature review of recent research dealing with customer purchase prediction in the E-commerce context. The main contributions are a novel analytical framework and a research agenda in the field. The framework reveals three main tasks in this review, namely, the prediction of customer intents, buying sessions, and purchase decisions. Those are followed by their employed predictive methodologies and are analyzed from three perspectives. Finally, the research agenda provides major existing issues for further research in the field of purchase behavior prediction online.