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  • Book Overview & Buying Data Science for Marketing Analytics [Instructor Edition]
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Data Science for Marketing Analytics [Instructor Edition]

Data Science for Marketing Analytics [Instructor Edition]

By : Pranshu Bhatnagar, Tommy Blanchard, Debasish Behera
4.3 (203)
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Data Science for Marketing Analytics [Instructor Edition]

Data Science for Marketing Analytics [Instructor Edition]

4.3 (203)
By: Pranshu Bhatnagar, Tommy Blanchard, Debasish Behera

Overview of this book

Data Science for Marketing Analytics covers every stage of data analytics, from working with a raw dataset to segmenting a population and modeling different parts of the population based on the segments. The course starts by teaching you how to use Python libraries, such as pandas and Matplotlib, to read data from Python, manipulate it, and create plots, using both categorical and continuous variables. Then, you'll learn how to segment a population into groups and use different clustering techniques to evaluate customer segmentation. As you make your way through the lessons, you'll explore ways to evaluate and select the best segmentation approach, and go on to create a linear regression model on customer value data to predict lifetime value. In the concluding lessons, you'll gain an understanding of regression techniques and tools for evaluating regression models, and explore ways to predict customer choice using classification algorithms. Finally, you'll apply these techniques to create a churn model for modeling customer product choices. By the end of this course, you will be able to build your own marketing reporting and interactive dashboard solutions.
Table of Contents (11 chapters)
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Preface

Summary

In this chapter, we explored the idea of segmentation and its utility for business. We discussed the key considerations in segmentation, namely, criteria/features and the interpretation of the segments. We first discussed and implemented a traditional approach to customer segmentation. Noting its drawbacks, we then explored and performed unsupervised machine learning for customer segmentation. We established how to think about the similarity in the customer data feature space, and also learned the importance of standardizing data if it is on very different scales. Finally, we learned about k-means clustering – a commonly used, fast, and easily scalable clustering algorithm. We employed these concepts and techniques to help a mall understand its customers better using segmentation. We also helped a bank identify customer segments and how they have responded to previous marketing campaigns.

In this chapter, we used predefined values for the number of groups we asked...

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Data Science for Marketing Analytics [Instructor Edition]
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