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Mastering Predictive Analytics with Python
book

Mastering Predictive Analytics with Python

by Joseph Babcock
August 2016
Beginner to intermediate
334 pages
8h 27m
English
Packt Publishing
Content preview from Mastering Predictive Analytics with Python

Iterating on models through A/B testing

In the examples above and in the previous chapters of this volume, we have primarily examined analytical systems in terms of their predictive ability. However, these measures do not necessarily ultimately quantify the kinds of outcomes that are meaningful to the business, such as revenue and user engagement. In some cases, this shortcoming is overcome by converting the performance statistics of a model into other units that are more readily understood for a business application. For example, in our preceding churn model, we might multiply our prediction of 'cancel' or 'not-cancel' to generate a predicted dollar amount lost through subscriber cancellation.

In other scenarios, we are fundamentally unable to ...

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Publisher Resources

ISBN: 9781785882715