Book Image

Practical Predictive Analytics

By : Ralph Winters
Book Image

Practical Predictive Analytics

By: Ralph Winters

Overview of this book

This is the go-to book for anyone interested in the steps needed to develop predictive analytics solutions with examples from the world of marketing, healthcare, and retail. We'll get started with a brief history of predictive analytics and learn about different roles and functions people play within a predictive analytics project. Then, we will learn about various ways of installing R along with their pros and cons, combined with a step-by-step installation of RStudio, and a description of the best practices for organizing your projects. On completing the installation, we will begin to acquire the skills necessary to input, clean, and prepare your data for modeling. We will learn the six specific steps needed to implement and successfully deploy a predictive model starting from asking the right questions through model development and ending with deploying your predictive model into production. We will learn why collaboration is important and how agile iterative modeling cycles can increase your chances of developing and deploying the best successful model. We will continue your journey in the cloud by extending your skill set by learning about Databricks and SparkR, which allow you to develop predictive models on vast gigabytes of data.
Table of Contents (19 chapters)
Title Page
About the Author
About the Reviewers
Customer Feedback

Comparing the Test and Training for the "UNDER 18 YEARS" group

We can also examine the plots for the training and test groups for this sub segment to see if anything is really going on:

par(mfrow = c(1, 2))

From the following plots we can see that although there is a decline in the not-covered percentage for this group, there is probably not enough data to discern trend so that the projections are set at the mean values.

For the test data plot we can also see why the absolute residual plot dropped in xxx as it transitioned from a local peak in 2010 (when the Affordable Care Act was enacted) to the start of a decline in 2011: