The Role of Predictive Analytics in E-Commerce Conversion Rate Optimization
DOI:
https://doi.org/10.32996/jcsts.2023.5.4.25Keywords:
Natural Language Processing, Large Language Models, Fine-tuning, Few-shot learning, Zero-shot learning, Sen- timent Analysis, Cost-benefit Analysis, Resource Optimization, BERT, GPU Computing, Response Time, Model DeploymentAbstract
This paper explores the critical role of predictive analytics in optimizing conversion rates for e-commerce businesses. It examines various strategies, technologies, and methodologies used in predictive analytics, their implementation in e-commerce settings, and their impact on key performance indicators such as conversion rates, customer retention, and overall revenue.