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Hands-On Data Science for Marketing
book

Hands-On Data Science for Marketing

by Yoon Hyup Hwang
March 2019
Beginner to intermediate
464 pages
10h 57m
English
Packt Publishing
Content preview from Hands-On Data Science for Marketing

Predictive analytics

Another good use case of customer analytics is using predictive analytics on customer data. With customer data, you can have a deeper understanding of what attributes and characteristics of customers are highly correlated with the outcomes of your interest. For example, if you'd like to improve the response and engagement rates, you can analyze the data to identify those characteristics of customers that result in higher responses and engagement rates. Then, you can build predictive models that predict how likely it is that your customers are going to respond to your marketing messages.

Another example of the usage of predictive analytics can be for marketing channel optimization. With the insights gained from customer ...

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Publisher Resources

ISBN: 9781789346343