2008
DOI: 10.1016/j.dss.2007.11.004
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A support system for predicting eBay end prices

Abstract: We create a support system for predicting end prices on eBay. The end price predictions are based on the item descriptions found in the item listings of eBay, and on some numerical item features. The system uses text mining and boosting algorithms from the field of machine learning. Our system substantially outperforms the naive method of predicting the category mean price. Moreover, interpretation of the model enables us to identify influential terms in the item descriptions and shows that the item descriptio… Show more

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Cited by 49 publications
(39 citation statements)
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“…The LSBoost algorithm was chosen because it has a solid mathematical foundation compared with other boosting algorithms. LSBoost begins with an initial guess f_0 and then fits a sequence of M weighted models of T_1 to T_M (decision tree as the base learners in this study) [37]. The final model has the following form:…”
Section: Methodsmentioning
confidence: 99%
See 1 more Smart Citation
“…The LSBoost algorithm was chosen because it has a solid mathematical foundation compared with other boosting algorithms. LSBoost begins with an initial guess f_0 and then fits a sequence of M weighted models of T_1 to T_M (decision tree as the base learners in this study) [37]. The final model has the following form:…”
Section: Methodsmentioning
confidence: 99%
“…Decision trees were used as the individual models that form the ensemble, as is often adopted [37]. Decision trees select important input dimensions in its calibration process.…”
Section: Methodsmentioning
confidence: 99%
“…LSBoost is basically a sequence of simple regression trees, which are called weak learners (B). The objective of LSBoost is to minimize the mean squared error (MSE) between Y and the aggregated prediction of the weak learners (Y pred are combined in a weighted manner [41] to improve model accuracy. The individual regression trees are a function of selected predictor variables (X):…”
Section: Wakeby Parameter Estimation and Modelingmentioning
confidence: 99%
“…In the beginning, the median of the target variables ( Ỹ ) is calculated. Afterwards, multiple regression trees B1, …, Bm are combined in a weighted manner [41] to improve model accuracy. The individual regression trees are a function of selected predictor variables (X):…”
Section: Annual Wind Energy Yield Estimationmentioning
confidence: 99%
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