Beyond simple pivot tables
You might wonder why we need a book on Marketing Analytics Using Python. Surely you can do the same thing using the trustworthy combination of Excel, some VLOOKUPs, and some PivotTables. This is a widespread misunderstanding, and the problem stems from not realizing what the entire analytical process should look like and why. The following diagram shows the process in a simplified way:
Figure 1.3 – Analytical process
As an analyst, you should have the preceding workflow that will generally go through the following tasks:
- You should, first and foremost, scope out the question. You need to understand what is being asked of you clearly. Remember that your stakeholders have immense business knowledge and a problem they need to solve, but more often than not, the question might not be clearly defined.
- You must extract the correct datasets to explore the problem space. This might be as easy as extracting a CSV from...