2012
DOI: 10.1016/j.eswa.2011.08.115
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Analyzing existing customers’ websites to improve the customer acquisition process as well as the profitability prediction in B-to-B marketing

Abstract: We investigate the issue of predicting new customers as profitable based on information about existing customers in a business-to-business environment. In particular, we show how latent semantic concepts from textual information of existing customers' websites can be used to uncover characteristics of websites of companies that will turn into profitable customers. Hence, the use of predictive analytics will help to identify new potential acquisition targets. Additionally, we show that a regression model based … Show more

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Cited by 48 publications
(47 citation statements)
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“…Thorleuchter, Van den Poel and Prinzie [22] used Web TM. They analyzed the customers of a large German business-to-business mail-order company.…”
Section: Related Researchmentioning
confidence: 99%
“…Thorleuchter, Van den Poel and Prinzie [22] used Web TM. They analyzed the customers of a large German business-to-business mail-order company.…”
Section: Related Researchmentioning
confidence: 99%
“…The vector components consist of weighted term frequencies [13]. All vectors are used to create a term-by-war log matrix A. NMF is used to find two nonnegative matrices U and V where the product of U and V provides a good approximation to A and where the rank is reduced from r to k. The selection of k is critical [7]. If k is too large then too many column vectors of U exists that represent many irrelevant or unimportant latent semantic textual information.…”
Section: Methodsmentioning
confidence: 99%
“…This makes the results of NMF more comprehensible for a human expert than results of other matrix factorization techniques for text mining e.g. Singular Value Decomposition (SVD) [7]. Based on a term-bywar log matrix of weighted term frequencies, NMF factorizes this m x n matrix A = [a ij ] into two non-negative matrices: U = [u ij ] and V = [v ij ] with m the number of war logs, n the number of different terms, and r = rank(A) ≤ min(m,n).…”
Section: Introductionmentioning
confidence: 99%
“…com. Thorleuchter, et al [4] conducted an investigation into predicting profitable new customers based on textual information from customer's websites within a B2B scope. In another study, Thorleuchter, et al [5] conducted the identification of success factors of e-commerce and their impact on the success of trade transactions between companies.…”
Section: Introductionmentioning
confidence: 99%