Analyzing customer sentiments using K-means algorithm
Affiliations:
Faculty of Economics and Business Administration, Hanoi University of Mining and Geology, Vietnam
- *Corresponding:This email address is being protected from spambots. You need JavaScript enabled to view it.
- Received: 18th-Aug-2020
- Revised: 24th-Sept-2020
- Accepted: 31st-Oct-2020
- Online: 31st-Oct-2020
Abstract:
Customer segmentation is the process of dividing customers based on common characteristics such as their behavior, buying habits and service usage,... so that companies can market for each group customers more effectively and appropriately. The paper analyzes customer cluster segmentation via the K-Means clustering methods of a business sector. The research was conducted on 272 customers with characteristics of age, income and expense score. The research results are divided into 2 target customer clusters, promising to help care and marketing customers more effectively; Help business units to have appropriate marketing strategies to reduce costs and increase efficiency.
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