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Research Article |

Amazon Marketplace: An Analysis of External Factors and Machine Learning Models - Survey

This research endeavors to utilize diverse machine learning algorithms to forecast product prices on the Amazon marketplace. The primary objective of the study is to examine the impact of external factors, such as Google Trends and customer reviews, on future product prices and demand. The research process involves gathering unstructured product information and pricing data from Amazon using APIs and crawlers, followed by preprocessing the data through techniques like tokenization and stopword removal. Machine learning algorithms, including decision trees, support vector regression, and random forests, are employed to predict product prices. The study also explores the challenges associated with web scraping and explores potential applications of web harvesting in e-commerce enterprises. To ensure a comprehensive analysis, the research draws upon relevant literature in the field, encompassing the use of machine learning models for stock price forecasting, time series forecasting, and sentiment analysis. By building upon and leveraging existing methodologies, the study aims to contribute to the understanding of price dynamics within the Amazon marketplace. The significance of this research lies in the growing reliance on e-commerce platforms like Amazon for product purchasing. By investigating the relationship between product prices and various influencing variables, this study can provide valuable insights to both sellers and consumers in the ever-evolving online market. Ultimately, the research seeks to predict product prices on the Amazon marketplace using machine learning algorithms and shed light on the dynamics of e-commerce, benefiting sellers and consumers alike.

Machine Learning, Predicting Prices, Amazon Data, Google Trends

APA Style

Hazaa Alsurori, M., Abdo Almorhebi, W. (2023). Amazon Marketplace: An Analysis of External Factors and Machine Learning Models - Survey. American Journal of Artificial Intelligence, 7(2), 52-59. https://doi.org/10.11648/j.ajai.20230702.13

ACS Style

Hazaa Alsurori, M.; Abdo Almorhebi, W. Amazon Marketplace: An Analysis of External Factors and Machine Learning Models - Survey. Am. J. Artif. Intell. 2023, 7(2), 52-59. doi: 10.11648/j.ajai.20230702.13

AMA Style

Hazaa Alsurori M, Abdo Almorhebi W. Amazon Marketplace: An Analysis of External Factors and Machine Learning Models - Survey. Am J Artif Intell. 2023;7(2):52-59. doi: 10.11648/j.ajai.20230702.13

Copyright © 2023 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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