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  • Book Overview & Buying Hands-On Data Science for Marketing
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Hands-On Data Science for Marketing

Hands-On Data Science for Marketing

By : Yoon Hyup Hwang
4.1 (14)
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Hands-On Data Science for Marketing

Hands-On Data Science for Marketing

4.1 (14)
By: Yoon Hyup Hwang

Overview of this book

Regardless of company size, the adoption of data science and machine learning for marketing has been rising in the industry. With this book, you will learn to implement data science techniques to understand the drivers behind the successes and failures of marketing campaigns. This book is a comprehensive guide to help you understand and predict customer behaviors and create more effectively targeted and personalized marketing strategies. This is a practical guide to performing simple-to-advanced tasks, to extract hidden insights from the data and use them to make smart business decisions. You will understand what drives sales and increases customer engagements for your products. You will learn to implement machine learning to forecast which customers are more likely to engage with the products and have high lifetime value. This book will also show you how to use machine learning techniques to understand different customer segments and recommend the right products for each customer. Apart from learning to gain insights into consumer behavior using exploratory analysis, you will also learn the concept of A/B testing and implement it using Python and R. By the end of this book, you will be experienced enough with various data science and machine learning techniques to run and manage successful marketing campaigns for your business.
Table of Contents (20 chapters)
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1
Section 1: Introduction and Environment Setup
3
Section 2: Descriptive Versus Explanatory Analysis
7
Section 3: Product Visibility and Marketing
10
Section 4: Personalized Marketing
16
Section 5: Better Decision Making

Statistical hypothesis testing

When you run A/B tests, it is important to test your hypothesis and seek for statistically significant differences among the test groups. Student's t-test, or simply the t-test, is frequently used to test whether the difference between two tests is statistically significant. The t-test compares the two averages and examines whether they are significantly different from each other.

There are two important statistics in a t-test—the t-value and p-value. The t-value measures the degree of difference relative to the variation in the data. The larger the t-value is, the more difference there is between the two groups. On the other hand, the p-value measures the probability that the results would occur by chance. The smaller the p-value is, the more statistically significant difference there will be between the two groups. The equation to...

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Hands-On Data Science for Marketing
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