Skip to main content

Featured post

Python Top Libraries You Need to Create ML Model

Creating a Model of Machine Learning in Python, you need two libraries. One is 'NUMPY' and the other one is 'PANDA'.


For this project, we are using Python Libraries to Create a Model.
What Are Key Libraries You Need I have explained in the below steps. You need Two.
NUMPY - It has the capabilities of CalculationsPANDA - It has the capabilities of Data processing. To Build a model of Machine learning you need the right kind of data. So, to use data for your project, the Data should be refined. Else, it will not give accurate results. Data AnalysisData Pre-processing How to Import Libraries in Pythonimportnumpy as np # linear algebra
importpandas as pd # data processing, CSV file I/O (e.g. pd.read_csv)

How to Check NUMPY/Pandas installed After '.' you need to give double underscore on both the sides of version. 
How Many Types of Data You Need You need two types of data. One is data to build a model and the other one is data you need to test the model. Data to build…

Chaid a Skillset for Data Science Engineers

Chaid a Skillset for Data Science Engineers
#Chaid a Skillset for Data Science Engineers:
Chaid is one of the Chaid is one of mostly asked skills for Data Science engineers.The CHAID Analysis (Chi Square Automatic Interaction Detection) is a form of analysis that determines how variables best combine to explain the outcome in a given dependent variable. The model can be used in cases of market penetration, predicting and interpreting responses or a multitude of other research problems.

CHAID analysis is especially useful for data expressing categorized values instead of continuous values. For this kind of data some common statistical tools such as regression are not applicable and CHAID analysis is a perfect tool to discover the relationship between variables. One of the outstanding advantages of CHAID analysis is that it can visualize the relationship between the target (dependent) variable and the related factors with a tree
image.

Different Scenarios where CHAID analysis can be used:

CHAID Analysis for Surveys -Most survey answers have categorized values instead of continuous values. Finding out the statistical relationship in this kind of data is a challenge. CHAID Analysis is a good solution for such survey studies.

Related: How to Make Career Change from Mainframe to Data Analyst

CHAID Analysis for Customer Profiling -Based on historical customer data, CHAID Analysis can be used to analyze all characteristics within the file, for example, product/service purchased, dollar amount spent, major demographics and demography of the customers, and so on.

A blue print can be produced to provide an understanding of the customer profile: strong or weak sales of products/services; active or in-active customers; factors affecting customers’ decisions or preferences, and so on. Such customer profile will give the Sales & Marketing Team a clear picture of which type of person is most likely to buy the products and services based on factual purchase history, geo-demographics and lifestyle attributes.

CHAID Analysis for Customer Targeting -Recruiting new customers via direct contact (phone or mail) is a time consuming and costly effort. For most products or services, the hit rate is less than 1%. That means, in order to get a new customer, over one hundred contacts are required.

By mapping the current customer list to a general population database (e.g., SMR Residential Database that contains 12 million listed households), CHAID Analysis can find the household clusters that have much higher incidence rates than the average. By concentrating on these household clusters, the actual hit rate can be dramatically raised. The result is “Fewer phone calls or mail pieces with higher sales returns!” .

Related:

Comments

Most Viewed

Hyperledger Fabric Real Interview Questions Read Today

I am practicing Hyperledger. This is one of the top listed blockchains. This architecture follows R3 Corda specifications. Sharing the interview questions with you that I have prepared for my interview.

Though Ethereum leads in the real-time applications. The latest Hyperledger version is now ready for production applications. It has now become stable for production applications.
The Hyperledger now backed by IBM. But, it is still an open source. These interview questions help you to read quickly. The below set of interview questions help you like a tutorial on Hyperledger fabric. Hyperledger Fabric Interview Questions1). What are Nodes?
In Hyperledger the communication entities are called Nodes.

2). What are the three different types of Nodes?
- Client Node
- Peer Node
- Order Node
The Client node initiates transactions. The peer node commits the transaction. The order node guarantees the delivery.

3). What is Channel?
A channel in Hyperledger is the subnet of the main blockchain. You c…