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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

Evaluating A/B testing results with Python

In this section, we are going to discuss how to evaluate A/B testing results to decide which marketing strategy works the best. By the end of this section, we will have covered how to run statistical hypothesis testing and compute the statistical significance. We will be mainly using the pandas, matplotlib, and scipy packages to analyze and visualize the data, and evaluate the A/B testing results.

For those readers who would like to use R instead of Python for this exercise, you can skip to the next section.

For this exercise, we will be using one of the publicly available datasets from the IBM Watson Analytics community, which can be found at this link: https://www.ibm.com/communities/analytics/watson-analytics-blog/marketing-campaign-eff-usec_-fastf/. You can follow this link and download the data, which is available in XLSX format...

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