Competitive Product Identification and Sales Forecast Based on Consumer Reviews
Guoquan Zhang and
Haibin Qiu
Mathematical Problems in Engineering, 2021, vol. 2021, 1-15
Abstract:
Sellers readily obtain consumer product evaluations from online reviews in order to identify competitive products in detail and predict sales. Firstly, we collect product review data from shopping websites, social media, product communities, and other online platforms to identify product competitors with the help of word-frequency cooccurrence technology. We take mobile phones as an example to mine and analyze product competition information. Then, we calculate the product review quantity, review emotion value, product-network heat, and price statistics and establish the regression model of online product review forecasts. In addition, the neural-network model is established to suggest that the relationships among factors are linear. On the basis of analyzing and discussing the impact of product sales of the competitors, product price, the emotional value of the reviews, and product-network popularity, we construct the sales forecast model. Finally, to verify the validity of the factor analysis affecting the sales and the rationality of the established model, actual sales data are used to further analyze and verify the model, showing that the model is reasonable and effective.
Date: 2021
References: Add references at CitEc
Citations:
Downloads: (external link)
http://downloads.hindawi.com/journals/MPE/2021/2370692.pdf (application/pdf)
http://downloads.hindawi.com/journals/MPE/2021/2370692.xml (text/xml)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:2370692
DOI: 10.1155/2021/2370692
Access Statistics for this article
More articles in Mathematical Problems in Engineering from Hindawi
Bibliographic data for series maintained by Mohamed Abdelhakeem ().