Which Price you will get in your Ebay-auction? A Data Mining Analysis to Identify Price Determining Factors in Online-Auctions

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Provided by: International Journal of Computer Science and Electronics Engineering (IJCSEE)
Topic: Big Data
Format: PDF
The impressive scale of online auction sales and the economic ecosystem of private and commercial providers made eBay & Co. interesting for science. The authors observed that for identical (new) products often different prices were charged and that the price volatility is bound to the auction characteristics. In this paper they try to identify possible determinants that affect the outcome of online auctions. By evaluation of the collected data using the decision tree method, they derive the significant design rules which determine the auction success.
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