Consumers are increasingly spending more time and money online
Consumers are increasingly spending more time and money online. Business-to-consumer e-commerce is growing on an average by 20% each year. Given the scale and growth of consumer online purchase and usage data, the ability of organizations to understand and utilize this data (big data) is becoming an essential competitive strategy. For your research paper this week, provide a 4-6 page answer to this prompt: How can organizations better utilize big data analytics and specific applications of machine learning techniques for improved e-commerce? Be sure to include specific examples from actual e-commerce companies and how they are utilizing big data analytics. Additionally, discuss what, if any, machine learning techniques they are utilizing in their competitive strategy. Your paper should meet these requirements:
Sample Solution
are many potential types of errors in survey sampling. According to Groves (1989)[see 1], the survey errors can be divided into two major groups: First, the errors of nonobservation where the sampled elements use only part of the target population, and the second one is the errors of observation, where the listed data deviate from the truth. Some examples of errors of nonobservation can be ascribed to sampling, coverage or nonresponse which is going to be analysed in the later part of this report. On the other hand, examples of errors of observation can be attributed to the interviewer, respondent or method of data collection. Both of our sources of obdurate errors can vigorously affect the accuracy of a survey. However, these errors cannot be eliminated from a survey but their effects can be reduced by careful devotion to an acceptable sampling plan. Some ways to reduce those errors are: callbacks (where the interviewer calls again the nonrespondents), offer rewards and motivation for encouraging responses, train better the interviewers, scrutinise the questionnaires to be sure that the form has been filled correctly and have an accurate questionnaire construction.