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  • Book Overview & Buying Practical Data Science Cookbook, Second Edition
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Practical Data Science Cookbook, Second Edition

Practical Data Science Cookbook, Second Edition - Second Edition

By : Prabhanjan Narayanachar Tattar, Bhushan Purushottam Joshi, Sean P Murphy, ABHIJIT DASGUPTA, Anthony Ojeda, RATNADIP ADHIKARI, Rajib Bhattacharya, Hashmat Rohian, Abhinav Prakash Rai
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Practical Data Science Cookbook, Second Edition

Practical Data Science Cookbook, Second Edition

By: Prabhanjan Narayanachar Tattar, Bhushan Purushottam Joshi, Sean P Murphy, ABHIJIT DASGUPTA, Anthony Ojeda, RATNADIP ADHIKARI, Rajib Bhattacharya, Hashmat Rohian, Abhinav Prakash Rai

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 (12 chapters)
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Simple linear regression models


Linear regression models can be built to obtain preliminary insight about the trend and seasonal impact on the time series variable. The trend and seasonal components are specified as independent variables while the time series, visitors count here, is the dependent variable. We make the following assumptions while building the linear regression model:

  1. The time series is linear in the trend and seasonal variables.
  2. The trend and seasonal components are independent of each other.
  3. The observations, time series values, are independent of each other.
  4. The error associated with the observation follows normal distribution.

Let Yt 1 < t < T, denote the time series which observations at the time points 1, 2, ..., T. For example, in our overseas visitors data, we have T = 228. In the simplistic regression model, the trend variable is the vector 1, 2, ..., T, that is, XTr = (1, 2, ..., T). We know that for monthly data, we have the month name as the seasonal indicator...

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Practical Data Science Cookbook, Second Edition
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