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Reseach Article

Predicting Business Successfulness using Predictive Data Analytics

Published on May 2016 by Karan Chaudhari, Harsha Gandikota
National Conference on Advancements in Computer & Information Technology
Foundation of Computer Science USA
NCACIT2016 - Number 6
May 2016
Authors: Karan Chaudhari, Harsha Gandikota
f2df1a0b-6232-41aa-8e88-92942fe9468e

Karan Chaudhari, Harsha Gandikota . Predicting Business Successfulness using Predictive Data Analytics. National Conference on Advancements in Computer & Information Technology. NCACIT2016, 6 (May 2016), 14-18.

@article{
author = { Karan Chaudhari, Harsha Gandikota },
title = { Predicting Business Successfulness using Predictive Data Analytics },
journal = { National Conference on Advancements in Computer & Information Technology },
issue_date = { May 2016 },
volume = { NCACIT2016 },
number = { 6 },
month = { May },
year = { 2016 },
issn = 0975-8887,
pages = { 14-18 },
numpages = 5,
url = { /proceedings/ncacit2016/number6/24733-3086/ },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Proceeding Article
%1 National Conference on Advancements in Computer & Information Technology
%A Karan Chaudhari
%A Harsha Gandikota
%T Predicting Business Successfulness using Predictive Data Analytics
%J National Conference on Advancements in Computer & Information Technology
%@ 0975-8887
%V NCACIT2016
%N 6
%P 14-18
%D 2016
%I International Journal of Computer Applications
Abstract

In the modern business landscape, new business institutions are constantly emerging to meet the demands of the free market. However, the mere founding of a business does not necessarily mean that it will be successful among the general populace. A business that appears to be good idea, might in fact not be a good idea at all. So, to be able to appropriately predict the chance of success of a particular business, predictive data analysis and machine learning algorithms can be used to accomplish this task. So to predict the approximate success of a business, recommendations will be used. These recommendations will be generated by applying machine learning to a particular set of data. In this case, openly available yelp data that is set to perform all machine learning tasks will be used. Recommendation generation will also be done using both collaborative and content-based filtering. In this case, two different algorithms will be used, the k-nn nearest neighbor algorithm and dimensionality reduction through single value decomposition.

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Index Terms

Computer Science
Information Sciences

Keywords

Machine Learning Problem Solving