Abstract
This research develops an integrated Machine Learning (ML)-Structural Equation Modelling (SEM) approach to unravel the complex dynamics of organic food purchasing decisions. The study aims to bridge a gap in consumer behaviour understanding by juxtaposing the insights derived from both methods. Employing the Random Forest algorithm (handling highdimensional, unstructured data) on survey data from 1003 Sydney residents, key factors impacting organic food purchasing decisions, such as taste, trust in certification, environmental consciousness, and health benefits, were discovered. Following the ML phase, a SEM approach was used to confirm and understand the interplay of these factors. SEM results emphasized 'perceived trust' as a significant determinant of organic food consumption intention, illustrating SEM's capability in interpreting ML results and capturing the interaction between factors. This methodological interplay enables the generation of insights with high predictive power and provides comprehensive understanding, valuable for marketing strategies and policymaking in the organic food industry.
Original language | English |
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Title of host publication | ANZMAC 2023 Conference Proceedings |
Subtitle of host publication | Marketing for Food |
Editors | Maree Thyne, Sergio Biggemann |
Place of Publication | Dunedin, New Zealand |
Publisher | Australian and New Zealand Marketing Academy (ANZMAC) |
Pages | 356-359 |
Number of pages | 4 |
Publication status | Published - Dec 2023 |
Event | ANZMAC Conference 2023: Marketing for Good - University of Otago, Dunedin, New Zealand Duration: 4 Dec 2023 → 6 Dec 2023 https://www.anzmac2023.com/ |
Publication series
Name | ANZMAC Conference Proceedings |
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ISSN (Print) | 1447-3275 |
Conference
Conference | ANZMAC Conference 2023 |
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Country/Territory | New Zealand |
City | Dunedin |
Period | 4/12/23 → 6/12/23 |
Internet address |
Keywords
- Data science
- Marketing Analytics
- Consumer Behaviour