Problem Statement
Objective
The aim of this project is to build a Recommender System that suggests products to users based on their historical interaction with items in an online store. The system should be capable of making personalized recommendations as well as general top-N recommendations.
Why this Problem?
Recommender systems are a critical component of many online businesses. They help drive user engagement, increase sales, and enhance customer satisfaction. They are also intellectually intriguing and cover a wide range of machine learning techniques.
Evaluation Metrics
We'll evaluate the system based on:
- Precision@k: The fraction of recommended items that are relevant.
- Recall@k: The fraction of relevant items that are recommended.
- F1-Score: The harmonic mean of Precision and Recall.
Data Requirements
For this project, we'll use a hypothetical dataset called product_interactions.csv containing the following columns:
- user_id: Unique identifier for users...