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Good segmentation contributes towards a better understanding of the market and customer demands. This study aims to develop a new methodological approach, integrating "Recency, Frequency and Monetary" with the sparse K-means clustering algorithm of Witten and Tibshirani (2010). The proposed...
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We investigate how firms' incentives to acquire customer data for targeted offers depend on its quality. A two-dimensional Hotelling model is proposed where consumers are heterogeneous both with respect to their locations and transportation cost parameters (flexibility). Firms have perfect data...
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strategy. Therefore, this study derived the major attributes of online performance and estimates the value of each consumption … attribute. As a result, it was found that the optimal combination of online performance products transmits the genre of "ballad …. Furthermore, market segmentation using cluster analysis yielded three groups with significant differences, and optimal-performance …
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