Download or read book Learning Big Data Gathering to Predict Retail and Service Industry Consumer Behavior written by Johnny Ch LOK and published by . This book was released on 2018-10 with total page 691 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to apply media economic methods to predict media consumer's psychology? Some media economists believe the market structure-conduct performance model is as a tool for analysis, it has been widely used in the study of media markets and industries, such as book publishing industry. How to choose the attractive topic for every book product structure? They believe attractive book structure will help book structure firm to grow reader numbers. So, book topic and content factor is more influential to raise reader number more than cheaper book price sale factor. In its most simply for the industries organizational model indicates that of the structure of the market is known, it allows explanation of the likely conduct and performance among firms. For example, in terms of market structure, the variables used for analysis include the numbers of sellers/buyers, e.g. US publishing book market number of US book reading publishers/number of US book publishing sellers every year in US book publishing market; product differentiation, e.g. US different topic and content of electronic book or paper book product ; barriers to entry, e.g. economic recession, tariff book import tax, limitation of import book number etc. different external barriers factors to influence overseas ( foreign) book publishing import to US to sell their paper books ; cost structures, e.g. US book publishing firms need to spend how much printing expenditure to print high quality paper production of every paper book to sell and the degree of vertical integration, e.g. US book publishing firms how to choose middlemen to help them to sell books, e.g. themselves book publishing shops, other book retailers, themselves electronic book publishing website online platform sale channel or other book publishing sellers' websites online platform sale channel etc. different channels to sell the paper of electronic books to US readers. Hence, predicting the country' book market structure, it will have more confidence to evaluate book publishing competitors' effort and book sale price and how to design book content and topic to raise reading quality to let readers to feel much attractive to choose to buy the books from the book publishing shop. Media economics research is in the sense that many different types of methods are used to answer research questions and investigate hypotheses. However, many economists accept to choose to apply any one of methods to predict media reader behavior, such as trend studies, financial analysis, econometrics and case studies.Trend studies compare and contrast data over a time series. In assessing media concentration. Most trend studies use annual data as the unit of analysis. Trend studies are useful, due to their descriptive nature and ease of presentation and they aid in analyzing the performance of media companies and industries, e.g. study of changes in newspaper pricing and subscription costs. Financial analysis is another common methodological tool used in media economics research. Financial analysis can take many different forms and use different types of data. The most common data include information derived from financial statements and the use of various types of financial ratio.