Predicting Consumer Shifts to Sustainable Products using Machine Learning Models

This study evaluates the extent to which consumers are willing to switch to sustainable products and identifies the strategic measures to establish sustainable brands. Consumer preferences and behaviours are analysed to identify the early adopters of sustainable products The study employs several machine learning algorithms including Random Forest, Gradient Boosting, Logistic Regression, Support Vector Machine (SVM), and K-Nearest Neighbors (KNN), to determine the likelihood of consumers switching towards sustainable choices. SMOTE (Synthetic Minority Over-sampling Technique) was applied to address the class imbalance in the data. The models were evaluated using metrics such as accuracy, precision, recall, and F1 score. The results indicated that the Random Forest and SVM outperformed the other models in predicting consumer willingness to adopt sustainable products. This study demonstrates the potential of machine learning techniques in understanding customer behaviour, thereby supporting marketers in promoting sustainable brands.

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Publication Details

Journal
Journal of Information Technology and Digital World
Published
2024-10-14
DOI
https://doi.org/10.36548/jitdw.2024.3.008
Citations
1
Primary Topic
Innovation Diffusion and Forecasting
Type
article
Field-Weighted Citation Impact
0.49
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article

Predicting Consumer Shifts to Sustainable Products using Machine Learning Models

Neha Vora, Zahid Farooq Khan
1 citations
Journal of Information Technology and Digital World
Innovation Diffusion and Forecasting
0.49
article

Predicting Consumer Shifts to Sustainable Products using Machine Learning Models

Neha Vora, Zahid Farooq Khan
article en
1 citations

Abstract

This study evaluates the extent to which consumers are willing to switch to sustainable products and identifies the strategic measures to establish sustainable brands. Consumer preferences and behaviours are analysed to identify the early adopters of sustainable products The study employs several machine learning algorithms including Random Forest, Gradient Boosting, Logistic Regression, Support Vector Machine (SVM), and K-Nearest Neighbors (KNN), to determine the likelihood of consumers switching towards sustainable choices. SMOTE (Synthetic Minority Over-sampling Technique) was applied to address the class imbalance in the data. The models were evaluated using metrics such as accuracy, precision, recall, and F1 score. The results indicated that the Random Forest and SVM outperformed the other models in predicting consumer willingness to adopt sustainable products. This study demonstrates the potential of machine learning techniques in understanding customer behaviour, thereby supporting marketers in promoting sustainable brands.

Journal of Information Technology and Digital WorldVol. 6(3)
G.S. Science, Arts And Commerce College (IN)
Life in Land
Openalex Percentile: Top 30%
Innovation Diffusion and Forecasting
0.49
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Predicting Consumer Shifts to Sustainable Products using Machine Learning Models — Neha Vora, Zahid Farooq Khan · Journal of Information Technology and Digital World (2024) | TGRS Research Map | TGRS