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Data Science for Marketing Analytics

Data Science for Marketing Analytics

By : Mirza Rahim Baig , Gururajan Govindan , Vishwesh Ravi Shrimali
4.3 (203)
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Data Science for Marketing Analytics

Data Science for Marketing Analytics

4.3 (203)
By: Mirza Rahim Baig , Gururajan Govindan , Vishwesh Ravi Shrimali

Overview of this book

Unleash the power of data to reach your marketing goals with this practical guide to data science for business. This book will help you get started on your journey to becoming a master of marketing analytics with Python. You'll work with relevant datasets and build your practical skills by tackling engaging exercises and activities that simulate real-world market analysis projects. You'll learn to think like a data scientist, build your problem-solving skills, and discover how to look at data in new ways to deliver business insights and make intelligent data-driven decisions. As well as learning how to clean, explore, and visualize data, you'll implement machine learning algorithms and build models to make predictions. As you work through the book, you'll use Python tools to analyze sales, visualize advertising data, predict revenue, address customer churn, and implement customer segmentation to understand behavior. By the end of this book, you'll have the knowledge, skills, and confidence to implement data science and machine learning techniques to better understand your marketing data and improve your decision-making.
Table of Contents (11 chapters)
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Preface

Introduction

A large e-commerce company is gearing up for its biggest event for the year – its annual sale. The company is ambitious in its goals and aims to achieve the best sales figures so far, hoping for significant growth over last year's event. The marketing budget is the highest it has ever been. Naturally, marketing campaigns will be a critical factor in deciding the success of the event. From what we have learned so far, we know that for those campaigns to be most effective, an understanding of the customers and choosing the right messaging for them is critical.

In such a situation, well-performed customer segmentation can make all the difference and help maximize the ROI (Return on Investment) of marketing spend. By analyzing customer segments, the marketing team can carefully define strategies for each segment. But before investing precious resources into a customer segmentation project, data science teams, as well as business teams, need to answer a few key...

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