Article Gold Open Access 2023

Predicting reaction based on customer's transaction using machine learning approaches

International Journal of Electrical and Computer Engineering
Journal · Vol. 13 · Issue 1 · pp. 1086-1096
Abstract

Banking advertisements are important because they help target specific customers on subscribing to their packages or other deals by giving their current customers more fixed-term deposit offers. This is done through promotional advertisements on the Internet or media pages, and this task is the responsibility of the shopping department. In order to build a relationship with them, offer them the best deals, and be appropriate for the client with the company's assurance to recover these deposits, many banks or telecommunications firms store the data of their customers. The Portuguese bank increases its sales by establishing a relationship with its customers. This study proposes creating a prediction model using machine learning algorithms, to see how the customer reacts to subscribe to those fixed-term deposits or offers made with the aid of their past record. This classification is binary, i.e., the prediction of whether or not a customer will embrace these offers. Four classifiers that include k-nearest neighbor (k-NN) algorithm, decision tree, naive Bayes, and support vector machines (SVM) were used, and the best result was obtained from the classifier decision tree with an accuracy of 91% and the other classifier SVM with an accuracy of 89%. © 2023 Institute of Advanced Engineering and Science. All rights reserved.

Keywords

Author Keywords

naive Bayes Bank marketing Decision tree K-nearest neighbors' algorithm Support vector machines

Index Keywords

Author Affiliations
Department of Computer Systems Techniques, Qurna Technique Institute, Qurna, Iraq
School of Computer Sciences, Universiti Sains Malaysia, Gelugor, Penang, Malaysia, Department of Computer Science, University of Basrah, Basra, Basra, Iraq
School of Computer Sciences, Universiti Sains Malaysia, Gelugor, Penang, Malaysia, College of Education for Women, University of Basrah, Basra, Basra, Iraq
Funding & Acknowledgements
No funding information
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