The Strengths and Weakness Between AI and Psychologist: To Predict Consumer Behaviors

By Johnny C.H. Lok

How can apply (AI) digital channel to predict consumer behaviors?(AI) digital channel can be applied to help businesses to evaluate whether how much the product price is the most attractive to persuade consumers feel it is the most reasonable price to sell. It helps consumers to feel which brands of products which ought change the price to let consumers to choose to buy the brand of product. It can be applied to predict whether how many consumer numbers can be increased or decreased when the brand of product's price is variable. It aims to give opinions to help any brand of product manufacturers or sellers to judge whether which price is the most reasonable to let consumers to accept to choose to buy the brand of product in popular.Thus, (AI) price measurement technology can be preference to be applied online communication ecommerce and mobile phone internet platform aspect. As businesses can enter their past products prices data and past customer number data into computer or mobile. Then, (AI) price measurement technology can gather these data to analyze these product prices and past customer number to compare their prices variable changing range level to find their price variable difference to measure to make conclusion about every product's price variable changing will influence how many customer number increase or decrease changing to choose to sell their different kinds of products more accurate. Then, (AI) price measurement software will help them to analyze all past price variable changing data to compare whether which price range can let customers to feel it is more reasonable and attractive to influence them to choose to buy the product among different brands of product choice.Because any product's price is one important factor to influence consumers to choose to buy the product, instead of quality, durability, shape, appearance, color, brand familiarity etc. factors. Any online businesses with a focus on Asia should considerate (AI) customer care, and virtual shopping experience, whereas is Europe and North America still value face-to-face and/or real human interaction over (AI) or virtual worlds.For example, Amazon publish has applied (AI) price measurement technology to help authors to decide how much every different topic of e-book or paper book price, it can attract the largest number of readers to buy. Any one author only needs to type whose book name to Amazon publish author himself/herself Amazon website. Amazon publish (AI) price measurement learning machine will help them to auto-calculate and judge how much e-book or paper book price is the most attractive and the most reasonable in order to increase reader number to buy their e-books or paper books to read. So, (AI) online price measurement machine will gather past similar book names and past every similar book readers' reading times and the number of readers to give opinions to let every author to judge whether his/her very new e-book or paper book ought charge how much price to the e-book or paper book which can attract many readers to choose to buy. Although, it is not ensure that the e-book or paper book price must let readers to feel it is the most reasonable price to choose to buy in reader's view point.

• Format: Paperback
• Language: English
• ISBN: 1679247131
• ISBN13: 9781679247132
• Release Date: January 1
• Publisher: Independently Published
• Length: 184 Pages
• Weight: 0.83 lbs.
• Dimensions: 0.4" x 8.0" x 10.0"