Book Image

The Data Science Workshop

By : Anthony So, Thomas V. Joseph, Robert Thas John, Andrew Worsley, Dr. Samuel Asare
Book Image

The Data Science Workshop

By: Anthony So, Thomas V. Joseph, Robert Thas John, Andrew Worsley, Dr. Samuel Asare

Overview of this book

You already know you want to learn data science, and a smarter way to learn data science is to learn by doing. The Data Science Workshop focuses on building up your practical skills so that you can understand how to develop simple machine learning models in Python or even build an advanced model for detecting potential bank frauds with effective modern data science. You'll learn from real examples that lead to real results. Throughout The Data Science Workshop, you'll take an engaging step-by-step approach to understanding data science. You won't have to sit through any unnecessary theory. If you're short on time you can jump into a single exercise each day or spend an entire weekend training a model using sci-kit learn. It's your choice. Learning on your terms, you'll build up and reinforce key skills in a way that feels rewarding. Every physical print copy of The Data Science Workshop unlocks access to the interactive edition. With videos detailing all exercises and activities, you'll always have a guided solution. You can also benchmark yourself against assessments, track progress, and receive content updates. You'll even earn a secure credential that you can share and verify online upon completion. It's a premium learning experience that's included with your printed copy. To redeem, follow the instructions located at the start of your data science book. Fast-paced and direct, The Data Science Workshop is the ideal companion for data science beginners. You'll learn about machine learning algorithms like a data scientist, learning along the way. This process means that you'll find that your new skills stick, embedded as best practice. A solid foundation for the years ahead.
Table of Contents (18 chapters)

Understanding the Business Context

The business head of the bank for which you are working as a data scientist recently raised the alarm about the results of the term deposit propensity model that you built in Chapter 3, Binary Classification. It has been observed that a large proportion of customers who were identified as potential cases for targeted marketing for term deposits have turned down the offer. This has made a big dent in the sales team's metrics on upselling and cross-selling. The business team urgently requires your help in fixing the issue to meet the required sales targets for the quarter. Don't worry, though – this is the problem that we will be solving later in this chapter.

First, we begin with an analysis of the issue.

Exercise 13.01: Benchmarking the Logistic Regression Model on the Dataset

In this exercise, we will be analyzing the problem of predicting whether a customer will buy a term deposit. For this, you will be fitting a logistic...