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In e-commerce, ranking the search results based on users' preference is the most important task. Commercial e-commerce platforms, such as, Amazon, Alibaba, eBay, Walmart, etc. perform extensive and relentless research to perfect their…

Information Retrieval · Computer Science 2024-12-06 Md. Ahsanul Kabir , Mohammad Al Hasan , Aritra Mandal , Daniel Tunkelang , Zhe Wu

Electricity price forecasting supports decision-making in energy markets and asset operation. Probabilistic forecasts are increasingly adopted to explicitly quantify uncertainty, typically issued as quantile predictions or ensembles of the…

Statistical Finance · Quantitative Finance 2026-04-22 Simon Hirsch , Florian Ziel

Traditional recommendation systems make recommendations based solely on the customer's past purchases, product ratings and demographic data without considering the profitability the items being recommended. In this work we study the…

Computers and Society · Computer Science 2009-08-27 Aparna Das , Claire Mathieu , Daniel Ricketts

Efficient load forecasting is needed to ensure better observability in the distribution networks, whereas such forecasting is made possible by an increasing number of smart meter installations. Because distribution networks include a large…

Machine Learning · Computer Science 2022-04-04 Miha Grabner , Yi Wang , Qingsong Wen , Boštjan Blažič , Vitomir Štruc

With the rapid advancement of deep learning technologies, computer vision has shown immense potential in retail automation. This paper presents a novel self-checkout system for retail based on an improved YOLOv10 network, aimed at enhancing…

Computer Vision and Pattern Recognition · Computer Science 2024-08-19 Lianghao Tan , Shubing Liu , Jing Gao , Xiaoyi Liu , Linyue Chu , Huangqi Jiang

Modern e-commerce platforms offer vast product selections, making it difficult for customers to find items that they like and that are relevant to their current session intent. This is why it is key for e-commerce platforms to have near…

On-demand service platforms face a challenging problem of forecasting a large collection of high-frequency regional demand data streams that exhibit instabilities. This paper develops a novel forecast framework that is fast and scalable,…

Econometrics · Economics 2024-06-03 Yu Jeffrey Hu , Jeroen Rombouts , Ines Wilms

In an increasingly customer-centric business environment, effective communication between marketing and senior management is crucial for success. With the rise of globalization and increased competition, utilizing new data mining techniques…

Artificial Intelligence · Computer Science 2023-02-06 Mahmoud SalahEldin Kasem , Mohamed Hamada , Islam Taj-Eddin

This paper argues that there has not been enough discussion in the field of applications of Gaussian Process for the fast moving consumer goods industry. Yet, this technique can be important as it e.g., can provide automatic feature…

Applications · Statistics 2017-09-19 Rodrigo Rivera , Evgeny Burnaev

The classical Prophet Inequality arises from a fundamental problem in optimal-stopping theory. In this problem, a gambler sees a finite sequence of independent, non-negative random variables. If he stops the sequence at any time, he…

Optimization and Control · Mathematics 2019-01-10 Van-Anh Truong , Xinshang Wang

When building recommendation systems, we seek to output a helpful set of items to the user. Under the hood, a ranking model predicts which of two candidate items is better, and we must distill these pairwise comparisons into the user-facing…

Information Retrieval · Computer Science 2022-07-05 Anastasios N. Angelopoulos , Karl Krauth , Stephen Bates , Yixin Wang , Michael I. Jordan

There are around a hundred installed apps on an average smartphone. The high number of apps and the limited number of app icons that can be displayed on the device's screen requires a new paradigm to address their visibility to the user. In…

Machine Learning · Computer Science 2016-01-26 Joseph Keshet , Adam Kariv , Arnon Dagan , Dvir Volk , Joey Simhon

Multistage stochastic programming provides a modeling framework for sequential decision-making problems that involve uncertainty. One typically overlooked aspect of this methodology is how uncertainty is incorporated into modeling.…

Optimization and Control · Mathematics 2021-09-24 Juyoung Wang , Mucahit Cevik , Merve Bodur

Next Basket Recommender Systems (NBRs) function to recommend the subsequent shopping baskets for users through the modeling of their preferences derived from purchase history, typically manifested as a sequence of historical baskets. Given…

Information Retrieval · Computer Science 2023-12-06 Zhufeng Shao , Shoujin Wang , Qian Zhang , Wenpeng Lu , Zhao Li , Xueping Peng

Due to accessible big data collections from consumers, products, and stores, advanced sales forecasting capabilities have drawn great attention from many companies especially in the retail business because of its importance in decision…

Machine Learning · Computer Science 2020-11-09 Xuan Bi , Gediminas Adomavicius , William Li , Annie Qu

Knowing if a user is a buyer vs window shopper solely based on clickstream data is of crucial importance for ecommerce platforms seeking to implement real-time accurate NBA (next best action) policies. However, due to the low frequency of…

Information Retrieval · Computer Science 2019-07-02 Luca Bigon , Giovanni Cassani , Ciro Greco , Lucas Lacasa , Mattia Pavoni , Andrea Polonioli , Jacopo Tagliabue

We present new Bayesian methodology for consumer sales forecasting. With a focus on multi-step ahead forecasting of daily sales of many supermarket items, we adapt dynamic count mixture models to forecast individual customer transactions,…

Methodology · Statistics 2022-06-07 Lindsay R. Berry , Paul Helman , Mike West

In a variety of business situations, the introduction or improvement of machine learning approaches is impaired as these cannot draw on existing analytical models. However, in many cases similar problems may have already been solved…

Machine Learning · Computer Science 2020-05-22 Robin Hirt , Niklas Kühl , Yusuf Peker , Gerhard Satzger

A success factor for modern companies in the age of Digital Marketing is to understand how customers think and behave based on their online shopping patterns. While the conventional method of gathering consumer insights through…

Machine Learning · Computer Science 2020-10-07 Sohini Roychowdhury , Wenxi Li , Ebrahim Alareqi , Akhilesh Pandita , Ao Liu , Joakim Soderberg

The e-commerce delivery demand has grown rapidly in the past two decades and such trend has accelerated tremendously due to the ongoing coronavirus pandemic. Given the situation, the need for predicting e-commerce delivery demand and…