By Wolfgang Jank, Galit Shmueli
Explore state-of-the-art statistical methodologies for accumulating, interpreting, and modeling on-line public sale data
Online auctions are an more and more vital market, because the new mechanisms and codecs underlying those auctions have enabled the shooting and recording of huge quantities of bidding facts which are used to make vital enterprise judgements. for that reason, new statistical principles and innovation are had to comprehend bidders, dealers, and costs. Combining methodologies from the fields of data, info mining, details structures, and economics, Modeling on-line Auctions introduces a brand new method of opting for stumbling blocks and asking new questions utilizing on-line public sale data.
The authors draw upon their broad event to introduce the most recent tools for extracting new wisdom from on-line public sale facts. instead of procedure the subject from the conventional game-theoretic point of view, the publication treats the net public sale mechanism as a knowledge generator, outlining how to gather, discover, version, and forecast facts. subject matters lined include:
- Data assortment equipment for on-line auctions and comparable matters that come up in drawing information samples from an internet site
- Models for bidder and bid arrivals, treating the several techniques for exploring bidder-seller networks
- Data exploration, equivalent to integration of time sequence and cross-sectional details; curve clustering; semi-continuous facts constructions; and information hierarchies
- The use of practical regression in addition to practical differential equation versions, spatial versions, and stochastic types for taking pictures relationships in public sale data
- Specialized equipment and types for forecasting public sale costs and their purposes in automatic bidding determination rule systems
Throughout the e-book, R and MATLAB software program are used for illustrating the mentioned suggestions. furthermore, a comparable website beneficial properties a number of the book's datasets and R and MATLAB code that permit readers to duplicate the analyses and research new the right way to follow to their very own research.
Modeling on-line Auctions is a necessary publication for graduate-level classes on information mining and utilized regression research. it's also a exclusive reference for researchers within the fields of data, info structures, enterprise, and advertising who paintings with digital info and are trying to find new ways for knowing on-line auctions and processes.
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