IDEAS home Printed from https://ideas.repec.org/a/spr/ijsaem/v12y2021i4d10.1007_s13198-021-01060-8.html
   My bibliography  Save this article

Fast clustering algorithm of commodity association big data sparse network

Author

Listed:
  • Hailan Pan

    (Shanghai University
    Shanghai Polytechnic University
    Shanghai Polytechnic University)

  • Xiaohuan Yang

    (Cosco Shipping Technology CO)

Abstract

How to dig out the business perspectives and market rules behind commodity transaction data, explore the relationship between commodities, so as to more scientifically and rationally classify and promote commodity categories and improve commodity sales performance for e-commerce companies has become a recent research hotspot. To this end, this paper proposes to use clustering algorithm to explore the hidden laws of commodity-related big data. This article first consults a large amount of information through the literature survey method, systematically summarizes the relevant theoretical knowledge of the association rule method and clustering algorithm and gives a detailed introduction to its application in the commodity association big data mining. The research in this area has laid a sufficient theoretical foundation; after that, the Apriori algorithm in the association rules and the K-means algorithm in the clustering algorithm were used to carry out the fast clustering algorithm experiment of the commodity-related big data sparse network and the commodity transaction data was introduced in detail. The process of association analysis and cluster analysis; then taking China’s well-known e-commerce platform Jingdong Mall as an example, by investigating the commodity transaction records of Jingdong Mall in the 4th week of July, the association and cluster analysis of its commodity transaction data were found. Among them, mobile phones and Bluetooth earphone, laptops and Bluetooth earphone, laptops and hard disks have the highest correlation and their confidence thresholds have reached 25%, 35 and 40% respectively. Finally, when the clustering results were tested, they were also found in the store. Strengthening the push and shopping guide of highly relevant product combinations on the website pages will increase the sales of products.

Suggested Citation

  • Hailan Pan & Xiaohuan Yang, 2021. "Fast clustering algorithm of commodity association big data sparse network," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(4), pages 667-674, August.
    • Handle: RePEc:spr:ijsaem:v:12:y:2021:i:4:d:10.1007_s13198-021-01060-8
    DOI: 10.1007/s13198-021-01060-8
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13198-021-01060-8
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13198-021-01060-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Barbaglia, Luca & Wilms, Ines & Croux, Christophe, 2016. "Commodity dynamics: A sparse multi-class approach," Energy Economics, Elsevier, vol. 60(C), pages 62-72.
    2. Zoey Zhao & Meng Xie & Mike West, 2016. "Rejoinder to ‘Dynamic dependence networks: Financial time series forecasting and portfolio decisions’," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 32(3), pages 336-339, May.
    3. Zoey Yi Zhao & Meng Xie & Mike West, 2016. "Dynamic dependence networks: Financial time series forecasting and portfolio decisions," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 32(3), pages 311-332, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kastner, Gregor, 2019. "Sparse Bayesian time-varying covariance estimation in many dimensions," Journal of Econometrics, Elsevier, vol. 210(1), pages 98-115.
    2. Bitto, Angela & Frühwirth-Schnatter, Sylvia, 2019. "Achieving shrinkage in a time-varying parameter model framework," Journal of Econometrics, Elsevier, vol. 210(1), pages 75-97.
    3. Kenichiro McAlinn, 2021. "Mixed‐frequency Bayesian predictive synthesis for economic nowcasting," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 70(5), pages 1143-1163, November.
    4. Bruno P. C. Levy & Hedibert F. Lopes, 2021. "Dynamic Ordering Learning in Multivariate Forecasting," Papers 2101.04164, arXiv.org, revised Nov 2021.
    5. Yusupova, Alisa & Pavlidis, Nicos G. & Pavlidis, Efthymios G., 2023. "Dynamic linear models with adaptive discounting," International Journal of Forecasting, Elsevier, vol. 39(4), pages 1925-1944.
    6. Tony Chernis & Gary Koop & Emily Tallman & Mike West, 2024. "Decision Synthesis in Monetary Policy," Staff Working Papers 24-30, Bank of Canada.
    7. Sui, Yuelei & Holan, Scott H. & Yang, Wen-Hsi, 2023. "Bayesian circular lattice filters for computationally efficient estimation of multivariate time-varying autoregressive models," Computational Statistics & Data Analysis, Elsevier, vol. 181(C).
    8. Lopes, Hedibert F. & McCulloch, Robert E. & Tsay, Ruey S., 2022. "Parsimony inducing priors for large scale state–space models," Journal of Econometrics, Elsevier, vol. 230(1), pages 39-61.
    9. Joshua C.C. Chan & Rodney W. Strachan, 2023. "Bayesian State Space Models In Macroeconometrics," Journal of Economic Surveys, Wiley Blackwell, vol. 37(1), pages 58-75, February.
    10. McAlinn, Kenichiro & West, Mike, 2019. "Dynamic Bayesian predictive synthesis in time series forecasting," Journal of Econometrics, Elsevier, vol. 210(1), pages 155-169.
    11. Asadi, Mehrad & Roudari, Soheil & Tiwari, Aviral Kumar & Roubaud, David, 2023. "Scrutinizing commodity markets by quantile spillovers: A case study of the Australian economy," Energy Economics, Elsevier, vol. 118(C).
    12. Daniele Bianchi & Kenichiro McAlinn, 2018. "Large-Scale Dynamic Predictive Regressions," Papers 1803.06738, arXiv.org.
    13. Khalfaoui, Rabeh & Baumöhl, Eduard & Sarwar, Suleman & Výrost, Tomáš, 2021. "Connectedness between energy and nonenergy commodity markets: Evidence from quantile coherency networks," Resources Policy, Elsevier, vol. 74(C).
    14. Carlos Carvalho & Jared D. Fisher & Davide Pettenuzzo, 2018. "Optimal Asset Allocation with Multivariate Bayesian Dynamic Linear Models," Working Papers 123, Brandeis University, Department of Economics and International Business School.
    15. Lusompa, Amaze, 2019. "Local Projections, Autocorrelation, and Efficiency," MPRA Paper 99856, University Library of Munich, Germany, revised 11 Apr 2020.
    16. Jiang, Yonghong & Jiang, Cheng & Nie, He & Mo, Bin, 2019. "The time-varying linkages between global oil market and China's commodity sectors: Evidence from DCC-GJR-GARCH analyses," Energy, Elsevier, vol. 166(C), pages 577-586.
    17. Jiang, Yonghong & Fu, Yuyuan & Ruan, Weihua, 2019. "Risk spillovers and portfolio management between precious metal and BRICS stock markets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 534(C).
    18. Barbaglia, Luca & Croux, Christophe & Wilms, Ines, 2020. "Volatility spillovers in commodity markets: A large t-vector autoregressive approach," Energy Economics, Elsevier, vol. 85(C).
    19. Liu, Chang & Sun, Xiaolei & Wang, Jun & Li, Jianping & Chen, Jianming, 2021. "Multiscale information transmission between commodity markets: An EMD-Based transfer entropy network," Research in International Business and Finance, Elsevier, vol. 55(C).
    20. Mike West, 2020. "Bayesian forecasting of multivariate time series: scalability, structure uncertainty and decisions," Annals of the Institute of Statistical Mathematics, Springer;The Institute of Statistical Mathematics, vol. 72(1), pages 1-31, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:ijsaem:v:12:y:2021:i:4:d:10.1007_s13198-021-01060-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.