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Data Science for Marketing Analytics - Second Edition

You're reading from  Data Science for Marketing Analytics - Second Edition

Product type Book
Published in Sep 2021
Publisher Packt
ISBN-13 9781800560475
Pages 636 pages
Edition 2nd Edition
Languages
Authors (3):
Mirza Rahim Baig Mirza Rahim Baig
Profile icon Mirza Rahim Baig
Gururajan Govindan Gururajan Govindan
Profile icon Gururajan Govindan
Vishwesh Ravi Shrimali Vishwesh Ravi Shrimali
Profile icon Vishwesh Ravi Shrimali
View More author details

Table of Contents (11) Chapters

Preface
1. Data Preparation and Cleaning 2. Data Exploration and Visualization 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

More Clustering Techniques

If you completed the preceding activity, you must have realized that you had to use a more robust approach to determine the number of clusters. You dealt with high dimensional data for clustering and therefore the visual analysis of the clusters necessitated the use of PCA. The visual assessment approach and the elbow method from the inertia plot however did not agree very well. This difference can be explained by understanding that visualization using PCA loses a lot of information and therefore provides an incomplete picture. Realizing that, you used the learning from the elbow method as well as your business perspective to arrive at an optimal number of clusters.

Such a comprehensive approach that incorporates business constraints helps the data scientist create actionable and therefore valuable customer segments. With these techniques learned and this understanding created, let us look at more techniques for clustering that will make the data scientist...

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