Predict if a User will Make a Purchase
In this use case example, we will be walking through how to predict the future behavior of users using a Machine Learning Pipeline. Specifically, we’ll cover how to predict each user’s probability of purchasing any item in the next week.
What data do I need for this prediction?
The actions available for you to predict with a Future Events pipeline are based on the Event data that you are sending into Cortex. This sample prediction requires:
- Purchase Event Type: an event representing a successful purchase by a user
While the above is all that is required to set up our sample prediction, more data will typically lead to better predictive performance. Other information that can be used to build features for our pipeline include:
- Additional User Behaviors (e.g. logins, clicks, pageviews, adds to cart, etc.) with additional metadata (e.g. What device is the user on? Where was the user referred from? etc.)
- User Attributes (e.g. demographics, loyalty status, etc.)
- Item Details: events ingested by Cortex can have associated attributes which give more detail to the event. If you wanted to make a prediction on a specific item or category, that information needs to be passed along with the event in order to differentiate which purchases occurred specifically for the category of interest. Alternatively, item details can be sent in a separate feed as long as the item is identified within your purchase events with a shared ID
How do I predict a Purchase?
Step 1: Choose Pipeline Type
Select ‘Create New Pipeline’ from within your Cortex account, and choose the Future Events pipeline type.
Step 2: Define Event
Future Events pipelines are used to predict the probability that some event happens in the future for each of your data points. Any future events prediction can be stated as a sentence as follows:
(A) happens (B) or more times where (C) within (D) days.
For our prediction, that reads:
A Purchase happens 1 time or more within 7 days.
Here is how that will look in Cortex
Step 3: Define Groups
Sometimes you are looking to make a prediction for every user in your system, while other times you want a prediction only for a certain group of users. This prediction will be made for All Users, so nothing needs to be done for this step.
Step 4: Specify Settings
Settings is where you give a Name to your pipeline as well as the option to add Tags. Name and Tags are the two main ways to find your pipeline within Cortex after it has been created, so best practice is to use descriptive Names and Tags specific to each prediction.
In this example, the pipeline name is “Probability of Purchase” and the Tag “Purchase” has been added as well.
Additionally, you can choose to run this pipeline only once, or have it rerun weekly. In this example, the pipeline is set to re-run every Sunday. This means that your pipeline will use the latest available data to retrain and re-generate up-to-date predictions on a weekly basis.
Step 5: Review
The final step is to review your pipeline and ensure all settings look accurate! If anything needs updated, simply go ‘Back’ in the workflow and update any step. Otherwise, click ‘Start Training’ and sit back while Cortex generates the predictions.
Those are all the steps necessary to create a future events pipeline that predicts purchases for every user within the next 7 days.
- Future Events Performance
- How to Build a Look Alike Pipeline
- How to Build a Classification Pipeline
- How to Build a Regression Pipeline
Still have questions? Reach out to email@example.com for more info!