A Study on the Development of Product Planning Prediction Model Using Logistic Regression Algorithm

Abstract

This study was conducted to propose a product planning prediction model using logistic regression algorithm to predict seasonal factors and rapidly changing product trends. First, we collected unstructured data of consumers in portal sites and online markets using web crawling, and analyzed meaningful information about products through preprocessing for transformation of standardized data. The datasets of 11,200 were analyzed by Logistic Regression to analyze consumer satisfaction, frequency analysis, and advantages and disadvantages of products. The result of analysis showed that the satisfaction of consumers was 92% and the defective issues of products were confirmed through frequency analysis. The results of analysis on the use satisfaction, system efficiency, and system effectiveness items of the developed product planning prediction program showed that the satisfaction was high. Defective issues are very meaningful data in that they provide information necessary for quickly recognizing the current problem of products and establishing improvement strategies.