Video description
Let’s use simulation to improve our business model innovations. In this video, we’ll focus on the practical techniques of prescriptive modeling, what they mean, and how they make a difference in your work. We’ll learn a 5-step process that covers how to frame a choice, how to specify the conditions to make a decision, generating possibilities, conducting tests on those possibilities, and making a choice based on your results. For each of these steps, we’ll work with a code example, using the Iris dataset, and analyze it from the perspective of how it’s useful for prescriptive modeling.
Table of contents
- Introduction to Applying Prescriptive Modeling Using Data Science
- Inside-Out Innovation: Applying Prescriptive Modeling
- Outside-In Innovation: Applying Prescriptive Modeling
- Framing a Choice: Applying Prescriptive Modeling
- Specifying Conditions in Applying Prescriptive Modeling
- Generating Possibilities when Applying Prescriptive Modeling
- Conducting Tests in Applying Prescriptive Modeling
- Making a Choice in Applying Prescriptive Modeling
- Course Wrap Up
Product information
- Title: Applying the Techniques of Prescriptive Modeling
- Author(s):
- Release date: March 2017
- Publisher(s): O'Reilly Media, Inc.
- ISBN: 9781491986134
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