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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

6. More Tools and Techniques for Evaluating Regression Models

Overview

This chapter explains how to evaluate various regression models using common measures of accuracy. You will learn how to calculate the
Mean Absolute Error (MAE) and Root Mean Squared Error (RMSE), which are common measures of the accuracy of a regression model. Later, you will use Recursive Feature Elimination (RFE) to perform feature selection for linear models. You will use these models together to predict how spending habits in customers change with age and find out which model outperforms the rest. By the end of the chapter, you will learn to compare the accuracy of different tree-based regression models, such as regression trees and random forest regression, and select the regression model that best suits your use case.

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Data Science for Marketing Analytics [Instructor Edition]
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