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The Art of Data-Driven Business

You're reading from   The Art of Data-Driven Business Transform your organization into a data-driven one with the power of Python machine learning

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Product type Paperback
Published in Dec 2022
Publisher Packt
ISBN-13 9781804611036
Length 314 pages
Edition 1st Edition
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Author (1):
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Alan Bernardo Palacio Alan Bernardo Palacio
Author Profile Icon Alan Bernardo Palacio
Alan Bernardo Palacio
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Table of Contents (17) Chapters Close

Preface 1. Part 1: Data Analytics and Forecasting with Python
2. Chapter 1: Analyzing and Visualizing Data with Python FREE CHAPTER 3. Chapter 2: Using Machine Learning in Business Operations 4. Part 2: Market and Customer Insights
5. Chapter 3: Finding Business Opportunities with Market Insights 6. Chapter 4: Understanding Customer Preferences with Conjoint Analysis 7. Chapter 5: Selecting the Optimal Price with Price Demand Elasticity 8. Chapter 6: Product Recommendation 9. Part 3: Operation and Pricing Optimization
10. Chapter 7: Predicting Customer Churn 11. Chapter 8: Grouping Users with Customer Segmentation 12. Chapter 9: Using Historical Markdown Data to Predict Sales 13. Chapter 10: Web Analytics Optimization 14. Chapter 11: Creating a Data-Driven Culture in Business 15. Index 16. Other Books You May Enjoy

Understanding web analytics

For e-commerce, understanding user base behavior is fundamental. Data from web analytics is frequently shown on dashboards that can be altered on the basis of a user persona or time period, along with other factors. These dashboards are then used to make product and market decisions, so the accuracy of this data is of paramount importance. The data can be divided into groups, including the following:

  • By examining the number of visits, the proportion of new versus returning visitors, the origin of the visitors, and the browser or device they are using (desktop vs. mobile), it is possible to understand audience data
  • Common landing pages, commonly visited pages, common exit pages, the amount of time spent per visit, the number of pages per visit, and the bounce rate can all be used to study audience behavior
  • Campaign data to understand which campaigns have generated the most traffic, the best websites working as referral sources, which keyword...
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