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Data Science for Marketing Analytics

You're reading from   Data Science for Marketing Analytics A practical guide to forming a killer marketing strategy through data analysis with Python

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Product type Paperback
Published in Sep 2021
Publisher Packt
ISBN-13 9781800560475
Length 636 pages
Edition 2nd Edition
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Tools
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Authors (3):
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Vishwesh Ravi Shrimali Vishwesh Ravi Shrimali
Author Profile Icon Vishwesh Ravi Shrimali
Vishwesh Ravi Shrimali
Mirza Rahim Baig Mirza Rahim Baig
Author Profile Icon Mirza Rahim Baig
Mirza Rahim Baig
Gururajan Govindan Gururajan Govindan
Author Profile Icon Gururajan Govindan
Gururajan Govindan
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Toc

Table of Contents (11) Chapters Close

Preface
1. Data Preparation and Cleaning 2. Data Exploration and Visualization FREE CHAPTER 3. Unsupervised Learning and Customer Segmentation 4. Evaluating and Choosing the Best Segmentation Approach 5. Predicting Customer Revenue Using Linear Regression 6. More Tools and Techniques for Evaluating Regression Models 7. Supervised Learning: Predicting Customer Churn 8. Fine-Tuning Classification Algorithms 9. Multiclass Classification Algorithms Appendix

Regression Problems

The prediction of quantities is a recurring task in marketing. Predicting the units sold for a brand based on the spend on the visibility (impressions) allocated to the brand's products is an example. Another example could be predicting sales based on the advertising spend on television campaigns. Predicting the lifetime value of a customer (the total revenue a customer brings over a defined period) based on a customer's attributes is another common requirement. All these situations can be formulated as regression problems.

Note

A common misconception is that regression is a specific algorithm/technique. Regression is a much broader term that refers to a class of problems. Many equate regression to linear regression, which is only one of the many techniques that can be employed to solve a regression problem.

Regression refers to a class of problems where the value to predict is a quantity. There are various techniques available for regression...

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