Collaborative Filtering Recommender Systems - Item Based approach

@machinelearnbot

In the series of implementing Recommendation engines, in my previous blog about recommendation system in R, I have explained about implementing user based collaborative filtering approach using R. In this post, I will be explaining about basic implementation of Item based collaborative filtering recommender systems in r. Intuition: Item based Collaborative Filtering: Unlike in user based collaborative filtering discussed previously, in item-based collaborative filtering, we consider set of items rated by the user and computes item similarities with the targeted item. Once similar items are found, and then rating for the new item is predicted by taking weighted average of the user's rating on these similar items. Let us build an algorithm to recommend movies to CHAN.


Better Preference Predictions: Tunable and Explainable Recommender Systems

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Movie Recommender System for Profit Maximization

AAAI Conferences

Traditional recommender systems try to provide users with recommendations which maximize the probability that the user will accept them. Recent studies have shown that recommender systems have a positive effect on the provider’s revenue. In this paper we show that by giving a different set of recommendations, the recommendation system can further increase the business’ utility (e.g. revenue), without any significant drop in user satisfaction. Indeed, the recommendation system designer should have in mind both the user, whose taste we need to reveal, and the business, which wants to promote specific content. In order to study these questions, we performed a large body of experiments on Amazon Mechanical Turk. In each of the experiments, we compare a commercial state-of-the-art recommendation engine with a modified recommendation list, which takes into account the utility (or revenue) which the business obtains from each suggestion that is accepted by the user. We show that the modified recommendation list is more desirable for the business, as the end result gives the business a higher utility (or revenue). To study possible longterm effects of giving the user worse suggestions, we asked the users how they perceive the list of recommendation that they received. Our findings are that any difference in user satisfaction between the list is negligible, and not statistically significant. We also uncover a phenomenon where movie consumers prefer watching and even paying for movies that they have already seen in the past than movies that are new to them.


A simple way to explain the Recommendation Engine in AI

#artificialintelligence

A recommendation engine is a system that suggests products, services, information to users based on analysis of data. Notwithstanding, the recommendation can derive from a variety of factors such as the history of the user and the behaviour of similar users. Recommendation systems are quickly becoming the primary way for users to expose to the whole digital world through the lens of their experiences, behaviours, preferences and interests. And in a world of information density and product overload, a recommendation engine provides an efficient way for companies to provide consumers with personalised information and solutions. A recommendation engine can significantly boost revenues, Click-Through Rates (CTRs), conversions, and other essential metrics.


Introducing core concepts of recommendation systems

#artificialintelligence

Discover how to use Python--and some essential machine learning concepts--to build programs that can make recommendations. She helps you learn the concepts behind how recommendation systems work by taking you through a series of examples and exercises. Once you're familiar with the underlying concepts, Lillian explains how to apply statistical and machine learning methods to construct your own recommenders. She demonstrates how to build a popularity-based recommender using the Pandas library, how to recommend similar items based on correlation, and how to deploy various machine learning algorithms to make recommendations. At the end of the course, she shows how to evaluate which recommender performed the best.