A comparative assessment of sentiment analysis and star ratings for consumer reviews |
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| Institution: | 1. National Institute of Technology Patna, India;2. School of Management, Swansea University Bay Campus, Swansea SA1 8EN, UK;1. Vienna University of Economics and Management (WU), Austria;2. University of Hamburg, Germany;3. University of Colorado Denver, United States of America |
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| Abstract: | Electronic word of mouth (eWOM) is prominent and abundant in consumer domains. Both consumers and product/service providers need help in understanding and navigating the resulting information spaces, which are vast and dynamic. The general tone or polarity of reviews, blogs or tweets provides such help. In this paper, we explore the viability of automatic sentiment analysis (SA) for assessing the polarity of a product or a service review. To do so, we examine the potential of the major approaches to sentiment analysis, along with star ratings, in capturing the true sentiment of a review. We further model contextual factors (specifically, product type and review length) as two moderators affecting SA accuracy. The results of our analysis of 900 reviews suggest that different tools representing the main approaches to SA display differing levels of accuracy, yet overall, SA is very effective in detecting the underlying tone of the analyzed content, and can be used as a complement or an alternative to star ratings. The results further reveal that contextual factors such as product type and review length, play a role in affecting the ability of a technique to reflect the true sentiment of a review. |
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| Keywords: | Sentiment analysis eWOM Consumer reviews Machine-learning Comparative assessment |
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