European Journal of Statistics and Probability (EJSP)

EA Journals

Application of Cluster Analysis: A Case Study of Customer Buying Behaviour Data

Abstract

Despite the wide variety of techniques available for grouping individuals into market segments on the basis of multivariate survey information, clustering remains the most popular and most widely applied method. Clustering is a popular and widely used method for identifying or constructing data based market segments. Over decades of applying cluster analysis procedures for the purpose of searching for homogenous subgroups among consumers, questionable standards of using the techniques have emerged one of such is the black-box approach ignoring crucial parameters of the algorithm applied or the lack of harmonization of methodology chosen and data conditions. This research work is all out to capture: which standard of application of cluster analysis have emerged in the academic marketing literature, compare their standards of applying the methodological knowledge about clustering procedures and delineate sudden changes in clustering habits. These goals are achieved by systematically reviewing some data-driven segmentation studies that apply cluster analysis for partitioning purposes

Keywords: Black-Box Approach, Clustering., Data-Driven Market Segmentation And Homogeneous Subgroup.

cc logo

This work by European American Journals is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 4.0 Unported License

 

Recent Publications

Email ID: submission@ea-journals.org
Impact Factor: 6.90
Print ISSN: 2055-0154
Online ISSN: 2055-0162
DOI: https://doi.org/10.37745/ejsp.2013

Author Guidelines
Submit Papers
Review Status

 

Scroll to Top

Don't miss any Call For Paper update from EA Journals

Fill up the form below and get notified everytime we call for new submissions for our journals.