Negotiation Assistant Bot of Pricing Prediction Based on Machine Learning

Abstract

Artificial intelligence (AI) has been used to develop and advance numerous fields and industries, including finance, healthcare, education, transportation and more. However, in the business negotiation field, such as bargain, the AI has not yet exerted its power. In order to explore the application of AI into business negotiation, we have built an intelligent robot that can help customers that lack negotiation skills when bargaining in their shopping sceneries. This bot can make decision by itself via price prediction function implemented by machine learning algorithms and the tool of decision tree. As a result, our bot has got a positive performance during a used car trade. Although the algorithm of the project is relatively simple, its main contribution is to show the potential application of AI in the business negotiation. We believe that it can provide ideas and directions for the future development of business negotiation robot.