Quotation Reisenbichler, Martin, Reutterer, Thomas. 2018. Topic Modeling in Marketing: Recent Advances and Research Opportunities. Journal of Business Economics (JBE) (früher: Zeitschrift für Betriebswirtschaft ZfB). 89 (3), 327-356.


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Abstract

Using a probabilistic approach for exploring latent patterns in high-dimensional co-occurrence data, topic models offer researchers a flexible and open framework for soft-clustering large data sets. In recent years, there has been a growing interest among marketing scholars and practitioners to adopt topic models in various marketing application domains. However, to this date, there is no comprehensive overview of this rapidly evolving field. By analyzing a set of 61 published papers along with conceptual contributions, we systematically review this highly heterogeneous area of research. In doing so, we characterize extant contributions employing topic models in marketing along the dimensions data structures and retrieval of input data, implementation and extensions of basic topic models, and model performance evaluation. Our findings confirm that there is considerable progress done in various marketing sub-areas. However, there is still scope for promising future research, in particular with respect to integrating multiple, dynamic data sources, including time-varying covariates and the combination of exploratory topic models with powerful predictive marketing models.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Business Economics (JBE) (früher: Zeitschrift für Betriebswirtschaft ZfB)
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, INF-A, STRAT-B, WH-B
Language English
Title Topic Modeling in Marketing: Recent Advances and Research Opportunities
Volume 89
Number 3
Year 2018
Page from 327
Page to 356
Reviewed? Y
URL https://rdcu.be/6PMf
DOI https://doi.org/10.1007/s11573-018-0915-7
Open Access Y
Open Access Link https://rdcu.be/6PMf
JEL M30, C00

Associations

People
Reisenbichler, Martin (Details)
Reutterer, Thomas (Details)
Organization
Service Marketing and Tourism IN (Details)
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