In this chapter, you touched on the serious potential behind data analytics and machine learning with your own hands. You have solved three real-world problems by putting data and algorithms at work.
In the first tutorial, you managed to predict with a decent level of accuracy the rental price of properties, collecting, in the process, a few interesting insights into real estate price formation. You have now acquired a proven methodology, based on the linear regression model, that you can replicate on many business cases where you have to predict numeric quantities.
In the second tutorial, you entered the fascinating world of classification and propensity modeling, experiencing firsthand the game-changing role of data analytics in marketing. You were able to put together a couple of classification models through which you met multiple business needs. First, you were able to reveal the "unwritten rules" that make a product generally attractive to customers by...