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Python: Data Analytics and Visualization

You're reading from   Python: Data Analytics and Visualization Perform data processing and analysis with the help of python libraries, gain practical insights into predictive modeling and generate effective results in a variety of visually appealing charts using the plotting packages in Python

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Product type Course
Published in Mar 2017
Publisher Packt
ISBN-13 9781788290098
Length 866 pages
Edition 1st Edition
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Authors (4):
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Martin Czygan Martin Czygan
Author Profile Icon Martin Czygan
Martin Czygan
Phuong Vo.T.H Phuong Vo.T.H
Author Profile Icon Phuong Vo.T.H
Phuong Vo.T.H
Ashish Kumar Ashish Kumar
Author Profile Icon Ashish Kumar
Ashish Kumar
Kirthi Raman Kirthi Raman
Author Profile Icon Kirthi Raman
Kirthi Raman
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Toc

Chapter 9. Best Practices for Predictive Modelling

As we have seen in all the chapters on the modelling techniques, a predictive model is nothing but a set of mathematical equations derived using a few lines of codes. In essence, this code together with a slide-deck highlighting the high-level results from the model constitute a project. However, the user of our solution is more interested in finding a solution for the problem he is facing in the business context. It is the responsibility of the analyst or the data scientist to offer the solution in a way that is user-friendly and maximizes output or insights.

There are some general guidelines that can be followed for the optimum results in a predictive modelling project. As predictive modelling comprises a mix of computer science techniques, algorithms, statistics, and business context capabilities, the best practices in the predictive modelling are a total of the best practices in the aforementioned individual fields.

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