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Hands-On Data Science for Marketing

You're reading from   Hands-On Data Science for Marketing Improve your marketing strategies with machine learning using Python and R

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Product type Paperback
Published in Mar 2019
Publisher Packt
ISBN-13 9781789346343
Length 464 pages
Edition 1st Edition
Languages
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Author (1):
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Yoon Hyup Hwang Yoon Hyup Hwang
Author Profile Icon Yoon Hyup Hwang
Yoon Hyup Hwang
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Table of Contents (20) Chapters Close

Preface 1. Section 1: Introduction and Environment Setup FREE CHAPTER
2. Data Science and Marketing 3. Section 2: Descriptive Versus Explanatory Analysis
4. Key Performance Indicators and Visualizations 5. Drivers behind Marketing Engagement 6. From Engagement to Conversion 7. Section 3: Product Visibility and Marketing
8. Product Analytics 9. Recommending the Right Products 10. Section 4: Personalized Marketing
11. Exploratory Analysis for Customer Behavior 12. Predicting the Likelihood of Marketing Engagement 13. Customer Lifetime Value 14. Data-Driven Customer Segmentation 15. Retaining Customers 16. Section 5: Better Decision Making
17. A/B Testing for Better Marketing Strategy 18. What's Next? 19. Other Books You May Enjoy

Summary

In this chapter, we have discussed how to use descriptive analysis for reporting and analytics on the progress and performances of marketing efforts. We have discussed various KPIs that are often used in marketing to track the progress of marketing campaigns. We have learned how important it is to look at how much sales revenue each marketing strategy generates. When analyzing the sales revenue metrics, we have seen that it is important to approach it from different angles. You might want to look at not only the aggregate sales revenue, but also time-series (monthly, quarterly, or yearly) sales revenue. You might also want to look at sales attributed to each individual marketing campaigns and how much revenue each campaign generated for your company. We have also discussed CPA metrics, with which you can tell the cost-effectiveness of your marketing strategies. We have...

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