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Applied Supervised Learning with R

You're reading from  Applied Supervised Learning with R

Product type Book
Published in May 2019
Publisher
ISBN-13 9781838556334
Pages 502 pages
Edition 1st Edition
Languages
Authors (2):
Karthik Ramasubramanian Karthik Ramasubramanian
Profile icon Karthik Ramasubramanian
Jojo Moolayil Jojo Moolayil
Profile icon Jojo Moolayil
View More author details
Toc

Table of Contents (12) Chapters close

Applied Supervised Learning with R
Preface
1. R for Advanced Analytics 2. Exploratory Analysis of Data 3. Introduction to Supervised Learning 4. Regression 5. Classification 6. Feature Selection and Dimensionality Reduction 7. Model Improvements 8. Model Deployment 9. Capstone Project - Based on Research Papers Appendix

Defining the Problem Statement


If you recollect the data we explored in Chapter 1, R for Advanced Analytics, bank marketing data, we have a dataset that captures the telemarketing campaigns conducted by a bank to attract customers.

A large multinational bank is designing a marketing campaign to achieve its growth target by enticing customers for bank deposits. The campaign has been ineffective in luring customers, and the marketing team wants to understand how the campaign can be improved to achieve the growth targets.

We can reframe the problem from the business stakeholders' perspective and try to see what kind of solution would best fit here.

Problem-Designing Artifacts

Just like there are several frameworks, templates, and artifacts for software engineering and other industrial projects, data science and business analytics projects can also be effectively represented using industry standard artifacts. Some popular choices are available from consulting giants such as McKinsey, BCG, and decision...

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