Path: blob/master/Data Science Essentials for Data Analysts/1.1 Data Science Overview and WorkFlow.ipynb
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Dealing with unstructured and structured data, Data Science is a field that comprises of everything that related to data cleansing, preparation, and analysis.
obtaining knowledge from often enormously large data sets.
process include analysis, preparing data for analysis, and presenting results to support organisational decisions
Data Science is the combination of
statistics,
mathematics,
programming,
problem-solving,
capturing data in ingenious ways, the ability to look at things differently,
and the activity of cleansing, preparing and aligning the data.
Use Cases for Data Science WorkFlow
Use Case | Problem Description | Example Models | Key Metrics |
---|---|---|---|
Customer Churn | Predict if a customer will leave a service. | Logistic Regression, | Precision, Recall, F1 |
Prediction | Decision Trees | ||
------------------------- | --------------------------------------------------------- | ------------------------- | ------------------------ |
Product Recommendation | Suggest products to users based on their behavior. | Collaborative Filtering, | Mean Average Precision |
System | Content-Based Filtering | ||
------------------------- | --------------------------------------------------------- | ------------------------- | ------------------------ |
House Price Prediction | Predict house prices based on features like location. | Linear Regression, | RMSE, R² Score |
Random Forest | |||
------------------------- | --------------------------------------------------------- | ------------------------- | ------------------------ |
Fraud Detection | Detect fraudulent transactions in financial systems. | Random Forest, SVM, | Precision, Recall, |
Neural Networks | False Negatives |
Customer Churn Prediction
Problem Definition: Predict whether a customer will leave a service (churn) based on their historical usage data.
Data Collection: Collect data from CRM systems, transaction logs, and support tickets.
Data Preprocessing:
Clean missing data.
Standardize features like age, income, or usage duration.
Exploratory Data Analysis (EDA):
Analyze trends (e.g., high churn in low usage customers).
Visualize correlations between churn and features like complaints or discounts.
Feature Engineering:
Create new features like average time on platform or discount utilization rate.
Model Building: Use logistic regression or decision trees to predict churn probability.
Model Evaluation: Validate with metrics like accuracy, precision, recall, or F1 score.
Deployment:
Integrate into a CRM tool.
Notify sales teams about high-risk customers.