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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

Classification Problems

Consider a situation where you have been tasked to build a model to predict whether a product bought by a customer will be returned or not. Since we have focused on regression models so far, let's try and imagine whether these will be the right fit here. A regression model will give continuous values as output (for example, 0.1, 100, 100.25, and so on), but in our case study we just have two values as output – a product will be returned, or it won't be returned. In such a case, except for these two values, all other values will be incorrect/invalid. While we can say that product returned can be considered as the value 0, and product not returned can be considered as the value 1, we still can't define what a value of 1.5 means.

In scenarios like these, classification models come into the picture. Classification problems are the most common type of machine learning problem. Classification tasks are different from regression tasks in the...

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Data Science for Marketing Analytics [Instructor Edition]
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