Book Image

Learning Predictive Analytics with Python

By : Ashish Kumar, Gary Dougan
Book Image

Learning Predictive Analytics with Python

By: Ashish Kumar, Gary Dougan

Overview of this book

Social Media and the Internet of Things have resulted in an avalanche of data. Data is powerful but not in its raw form - It needs to be processed and modeled, and Python is one of the most robust tools out there to do so. It has an array of packages for predictive modeling and a suite of IDEs to choose from. Learning to predict who would win, lose, buy, lie, or die with Python is an indispensable skill set to have in this data age. This book is your guide to getting started with Predictive Analytics using Python. You will see how to process data and make predictive models from it. We balance both statistical and mathematical concepts, and implement them in Python using libraries such as pandas, scikit-learn, and numpy. You’ll start by getting an understanding of the basics of predictive modeling, then you will see how to cleanse your data of impurities and get it ready it for predictive modeling. You will also learn more about the best predictive modeling algorithms such as Linear Regression, Decision Trees, and Logistic Regression. Finally, you will see the best practices in predictive modeling, as well as the different applications of predictive modeling in the modern world.
Table of Contents (19 chapters)
Learning Predictive Analytics with Python
Credits
Foreword
About the Author
Acknowledgments
About the Reviewer
www.PacktPub.com
Preface
A List of Links
Index

Best practices for business contexts


This is the meatiest part of the report created for a predictive modeling project. Some users of the report will navigate directly to this section as they are primarily interested in the overall effect of the project. Thus, it is imperative to mention the highlights and most important findings of the project in this section. This is different from reporting the statistics, which is in a way the raw output of the predictive model. In this section, we will focus on the following:

  • Findings and insights of the analyses

  • Major problems identified

  • Major results from the model

  • The accuracy or efficiency of the model

  • Action steps for the user to solve the business problem, and so on

If it is a customer segmentation problem, mention the names and characteristics of the segments identified along with the statistical summary for each segment. Recommend a plan to maximize sales and revenue (or whatever the business objective might be) for each of the segments.

If it is a...