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Lookup NU author(s): Professor Suraksha Gupta
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© 2024 Elsevier Inc.The literature currently offers limited guidance for retailers on how to use analytics to decipher the relationship between product attributes and quality ratings. Addressing this gap, our study introduces an advanced ensemble learning approach to develop a nuanced framework for assessing product quality. We validated the effectiveness of our framework with a dataset comprising 1,599 red wine samples from Portugal's Minho region. Our findings show that this model surpasses previous ones in accurately predicting product quality, presenting retailers with a sophisticated tool to transform product data into actionable insights for sales management. Furthermore, our approach yields significant benefits for researchers by identifying latent attributes in extensive data collections, which can inform a deeper understanding of consumer preferences and guide the strategic planning of marketing promotions.
Author(s): Ma R, Mao D, Cao D, Luo S, Gupta S, Wang Y
Publication type: Article
Publication status: Published
Journal: Journal of Business Research
Year: 2024
Volume: 176
Print publication date: 01/04/2024
Online publication date: 24/02/2024
Acceptance date: 10/02/2024
ISSN (print): 0148-2963
ISSN (electronic): 1873-7978
Publisher: Elsevier Inc.
URL: https://doi.org/10.1016/j.jbusres.2024.114576
DOI: 10.1016/j.jbusres.2024.114576
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