
<oai_dc:dc xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/">
  <dc:description xml:lang="eng">Abstract. Customer segmentation is the marketing practice of grouping 
customers according to certain characteristics. This paper presents a thorough 
exploration of customer segmentation using machine learning techniques, 
Logistic Regression, and Support Vector Machine (SVM), applied to data 
obtained from a mall customers database. By labeling the customer groups and 
analyzing their characteristics to gain deeper insights into their shopping 
behavior and preferences, the goal is to develop targeted marketing strategies and 
allocate resources efficiently to meet the specific needs of each customer 
segment. Applying statistical analyses and data visualization techniques, the 
study seeks to derive valuable insights from the data and identify discernible 
patterns and trends. Utilizing logistic regression yields a remarkable model 
accuracy of 98%. Subsequently, we employ another machine learning technique 
for data classification, namely the Support Vector Machine, which achieves an 
equally notable accuracy of 96%. Using these classification models, potential 
customers can be effectively converted into loyal ones and enhance the 
satisfaction of existing customers through tailored marketing strategies for each 
segment. The research offers insights into effective strategies for distinct 
customer groups. Applying these methods in a business setting can yield valuable 
information, forming a basis for informed decision-making and improving 
customer relationships through customer relationship management strategies. </dc:description>
  <dc:format>application/pdf</dc:format>
  <dc:format>305092 bytes</dc:format>
  <dc:date>2024</dc:date>
  <dc:publisher>Information Society of Serbia - ISOS</dc:publisher>
  <dc:type>info:eu-repo/semantics/conferenceProceedings</dc:type>
  <dc:source>Proceedings of the 14th International Conference on Information Society and Technology (ICIST 2024)</dc:source>
  <dc:source>startpage: 1</dc:source>
  <dc:source>endpage: 10</dc:source>
  <dc:subject xml:lang="eng">Keywords: Customer segmentation, cluster analysis, classification</dc:subject>
  <dc:creator id="https://orcid.org/0000-0001-7850-2623">Radojičić, Dragana</dc:creator>
  <dc:creator>Milunović, Bojana</dc:creator>
  <dc:title xml:lang="eng">Some possibilities for the utilization of machine learning  methods for customer segmentation based on consumer  habits</dc:title>
  <dc:language>eng</dc:language>
  <dc:identifier>https://phaidrabg.bg.ac.rs/o:35641</dc:identifier>
  <dc:identifier>ISBN: 978-86-85525-32-2</dc:identifier>
  <dc:rights>All rights reserved</dc:rights>
</oai_dc:dc>
