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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

Machine learning-based clustering techniques are great in that they help speed up the segmentation process and can find patterns in data that can escape highly proficient analysts. Multiple techniques for clustering have been developed over the decades, each having its merits and drawbacks. As a data science practitioner in marketing, understanding different techniques will make you far more effective in your practice. However, faced with multiple options in techniques and hyper-parameters, it's important to be able to compare the results from the techniques objectively. This, in turn, requires you to quantify the quality of clusters resulting from a clustering process.

In this chapter, you learned various methods for choosing the number of clusters, including judgment-based methods such as visual inspection of cluster overlap and elbow determination using the sum of squared errors/ inertia, and objective methods such as evaluating the silhouette score. Each of these...

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Data Science for Marketing Analytics [Instructor Edition]
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