Studying competition and market structure at the product level instead of brand level can provide firms with insights on cannibalization and product line optimization. However, it is computationally challenging to analyze product-level competition for the millions of products available on e-commerce platforms. We introduce Prod-uct2Vec, a method based on the representation learning algorithm Word2Vec, to study product-level competition, when the number of products is large. The proposed model takes shopping baskets as inputs and, for every product, generates a low-dimensional embedding that preserves important product information. In order for the product embeddings to be useful for firm strategic decision making, we leverage economic theories and causal inference to propose two modifications to Word2Vec. First of all, we create two measures, complementarity and exchangeability, that allow us to determine whether product pairs are complements or substitutes. Second, we combine these vectors with random utility-based choice models to forecast demand. To accurately estimate price elasticities, i.e., how demand responds to changes in price, we modify Word2Vec by removing the influence of price from the product vectors. We show that, compared with state-of-the-art models, our approach is faster, and can produce more accurate demand forecasts and price elasticities.
CCS CONCEPTS• Computing methodologies → Learning latent representations; • Applied computing → Economics.
Entity matching (EM) is the most critical step for entity resolution (ER). While current deep learning-based methods achieve very impressive performance on standard EM benchmarks, their real-world application performance is much frustrating. In this paper, we highlight that such the gap between reality and ideality stems from the unreasonable benchmark construction process, which is inconsistent with the nature of entity matching and therefore leads to biased evaluations of current EM approaches. To this end, we build a new EM corpus and re-construct EM benchmarks to challenge critical assumptions implicit in the previous benchmark construction process by step-wisely changing the restricted entities, balanced labels, and single-modal records in previous benchmarks into open entities, imbalanced labels, and multi-modal records in an open environment. Experimental results demonstrate that the assumptions made in the previous benchmark construction process are not coincidental with the open environment, which conceal the main challenges of the task and therefore significantly overestimate the current progress of entity matching. The constructed benchmarks and code are publicly released at https://github.com/tshu-w/ember.
Continuous glucose monitoring systems are an integral component of diabetes management. Efforts to improve the accuracy and robustness of these systems are at the forefront of diabetes research. Towards this goal, a multi-sensor approach was evaluated in hospitalized patients. In this paper, we report on a multi-sensor fusion algorithm to combine glucose sensor measurements in a retrospective fashion. The results demonstrate the algorithm's ability to improve the accuracy and robustness of the blood glucose estimation with current glucose sensor technology.
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