Book Image

Practical Data Science Cookbook, Second Edition - Second Edition

By : Prabhanjan Narayanachar Tattar, Bhushan Purushottam Joshi, Sean Patrick Murphy, ABHIJIT DASGUPTA, Anthony Ojeda
Book Image

Practical Data Science Cookbook, Second Edition - Second Edition

By: Prabhanjan Narayanachar Tattar, Bhushan Purushottam Joshi, Sean Patrick Murphy, ABHIJIT DASGUPTA, Anthony Ojeda

Overview of this book

As increasing amounts of data are generated each year, the need to analyze and create value out of it is more important than ever. Companies that know what to do with their data and how to do it well will have a competitive advantage over companies that don’t. Because of this, there will be an increasing demand for people that possess both the analytical and technical abilities to extract valuable insights from data and create valuable solutions that put those insights to use. Starting with the basics, this book covers how to set up your numerical programming environment, introduces you to the data science pipeline, and guides you through several data projects in a step-by-step format. By sequentially working through the steps in each chapter, you will quickly familiarize yourself with the process and learn how to apply it to a variety of situations with examples using the two most popular programming languages for data analysis—R and Python.
Table of Contents (17 chapters)
Title Page
Credits
About the Authors
About the Reviewer
www.PacktPub.com
Preface

Introduction


This chapter will walk you through a financial analysis project where you will analyze stock market data, determine whether stocks are over or under-valued, use this information to identify a list of target stocks that may make good investments, and visually analyze the price histories of the target stocks.

We must caution that the goal of this chapter is not to make you an expert in stock market analysis or to make you rich. Quants on Wall Street study engineering models that perform significantly more sophisticated operations than those we will touch upon here. Entire books have been written on stock market models and financial engineering, but we only have a single chapter to dedicate to this topic. So given the time and format constraints, the goals of this chapter will be:

  • To get a basic understanding of the data that we will work with
  • To find useful and interesting ways to analyze and model this data
  • To learn how to leverage data science tools and techniques to perform the...