Importance of abandoned order statistics in E-Commerce portal
Higher number of abandoned order in an e-commerce portal reflects the negative performance of the business. Ideally, after performing lots of investigations through social media information drilling and finding highest number of customers good reviews/ratings, online shopper adds the products to the shopping cart. But, if user/shoppers left the site before placing the order, the e-commerce vendor ends up with the revenue lose. 20 to 30% of abandoned orders per month seems to be accepted but if it increases...