Modeling Techniques in Predictive Analytics: Business Problems and Solutions with R

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9780133886016: Modeling Techniques in Predictive Analytics: Business Problems and Solutions with R

To succeed with predictive analytics, you must understand it on three levels:

 

Strategy and management

Methods and models

Technology and code

 

This up-to-the-minute reference thoroughly covers all three categories.

 

Now fully updated, this uniquely accessible book will help you use predictive analytics to solve real business problems and drive real competitive advantage. If you’re new to the discipline, it will give you the strong foundation you need to get accurate, actionable results. If you’re already a modeler, programmer, or manager, it will teach you crucial skills you don’t yet have.

 

Unlike competitive books, this guide illuminates the discipline through realistic vignettes and intuitive data visualizations–not complex math. Thomas W. Miller, leader of Northwestern University’s pioneering program in predictive analytics, guides you through defining problems, identifying data, crafting and optimizing models, writing effective R code, interpreting results, and more.

 

Every chapter focuses on one of today’s key applications for predictive analytics, delivering skills and knowledge to put models to work–and maximize their value.

 

Reflecting extensive student and instructor feedback, this edition adds five classroom-tested case studies, updates all code for new versions of R, explains code behavior more clearly and completely, and covers modern data science methods even more effectively.

 

All data sets, extensive R code, and additional examples available for download at http://www.ftpress.com/miller

 

If you want to make the most of predictive analytics, data science, and big data, this is the book for you. Thomas W. Miller’s unique balanced approach combines business context and quantitative tools, appealing to managers, analysts, programmers, and students alike.

 

Miller addresses multiple business cases and challenges, including segmentation, brand positioning, product choice modeling, pricing research, finance, sports, text analytics, sentiment analysis, and social network analysis. He illuminates the use of cross-sectional data, time series, spatial, and spatio-temporal data.

 

You’ll learn why each problem matters, what data are relevant, and how to explore the data you’ve identified. Miller guides you through conceptually modeling each data set with words and figures; and then modeling it again with realistic R programs that deliver actionable insights.

 

You’ll walk through model construction, explanatory variable subset selection, and validation, mastering best practices for improving out-of-sample predictive performance. Throughout, Miller employs data visualization and statistical graphics to help you explore data, present models, and evaluate performance.

 

This edition adds five new case studies, updates all code for the newest versions of R, adds more commenting to clarify how the code works, and offers a more detailed and up-to-date primer on data science methods.

 

Gain powerful, actionable, profitable insights about:

  • Advertising and promotion
  • Consumer preference and choice
  • Market baskets and related purchases
  • Economic forecasting
  • Operations management
  • Unstructured text and language
  • Customer sentiment
  • Brand and price
  • Sports team performance
  • And much more

 

 

"synopsis" may belong to another edition of this title.

Product Description:

Compete on analytics: win by understanding your data more deeply than your competitors do! In Modeling Techniques in Predictive Analytics, Revised Edition, the leader of Northwestern University’s prestigious analytics program brings together all the up-to-date concepts, techniques, and R code you need to excel in analytics.

Thomas W. Miller’s balanced approach combines business context and quantitative tools, appealing to managers, analysts, programmers, and students alike. This Revised Edition is updated with new sources throughout, and has been reorganized to be completely modular. Each chapter now stands completely on its own -- thereby supporting even more flexible learning paths, and helping readers quickly access all the knowledge they need to solve any category of problem.

Miller addresses multiple business challenges and business cases, including segmentation, brand positioning, product choice modeling, pricing research, finance, sports, Web and text analytics, and social network analysis. He illuminates the use of cross-sectional data, time series, spatial, and even spatio-temporal data. For each problem, Miller explains:

  • Why the problem is significant
  • What data is relevant
  • How to explore your data
  • How to model your data – first conceptually, with words and figures; and then with mathematics and programs

Miller walks through model construction, explanatory variable subset selection, and validation, demonstrating best practices for improving out-of-sample predictive performance. He employs data visualization and statistical graphics in exploring data, presenting models, and evaluating performance. Extensive example code is presented in R, today’s #1 system for applied statistics, statistical research, and predictive modeling; all code is set apart from other text so it’s easy to find if you want it (and easy to skip if you don’t)

About the Author:

THOMAS W. MILLER is faculty director of the Predictive Analytics program at Northwestern University. He has designed courses for the program, including Marketing Analytics, Advanced Modeling Techniques, Data Visualization, Web and Network Data Science, and the capstone course. He has taught extensively in the program and works with more than forty other faculty members in delivering training in predictive analytics and data science.

 

Miller is co-founder and director of product development at ToutBay, a publisher and distributor of data science applications. He has consulted widely in the areas of retail site selection, product positioning, segmentation, and pricing in competitive markets, and has worked with predictive models for over 30 years. Miller’s books include Data and Text Mining: A Business Applications Approach, Research and Information Services: An Integrated Approach for Business, and a book about predictive modeling in sports, Without a Tout: How to Pick a Winning Team.

 

Before entering academia, Miller spent nearly 15 years in business IT in the computer and transportation industries. He also directed the A. C. Nielsen Center for Marketing Research and taught market research and business strategy at the University of Wisconsin—Madison.

 

He holds a Ph.D. in psychology (psychometrics) and a master’s degree in statistics from the University of Minnesota, and an MBA and master’s degree in economics from the University of Oregon.

 

"About this title" may belong to another edition of this title.

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Book Description Pearson Education (US), United States, 2014. Hardback. Book Condition: New. Revised and Expanded Edition. 239 x 178 mm. Language: English . Brand New Book. To succeed with predictive analytics, you must understand it on three levels: Strategy and management Methods and models Technology and code This up-to-the-minute reference thoroughly covers all three categories. Now fully updated, this uniquely accessible book will help you use predictive analytics to solve real business problems and drive real competitive advantage. If you re new to the discipline, it will give you the strong foundation you need to get accurate, actionable results. If you re already a modeler, programmer, or manager, it will teach you crucial skills you don t yet have. Unlike competitive books, this guide illuminates the discipline through realistic vignettes and intuitive data visualizations-not complex math. Thomas W. Miller, leader of Northwestern University s pioneering program in predictive analytics, guides you through defining problems, identifying data, crafting and optimizing models, writing effective R code, interpreting results, and more. Every chapter focuses on one of today s key applications for predictive analytics, delivering skills and knowledge to put models to work-and maximize their value. Reflecting extensive student and instructor feedback, this edition adds five classroom-tested case studies, updates all code for new versions of R, explains code behavior more clearly and completely, and covers modern data science methods even more effectively. All data sets, extensive R code, and additional examples available for download at If you want to make the most of predictive analytics, data science, and big data, this is the book for you. Thomas W. Miller s unique balanced approach combines business context and quantitative tools, appealing to managers, analysts, programmers, and students alike. Miller addresses multiple business cases and challenges, including segmentation, brand positioning, product choice modeling, pricing research, finance, sports, text analytics, sentiment analysis, and social network analysis. He illuminates the use of cross-sectional data, time series, spatial, and spatio-temporal data. You ll learn why each problem matters, what data are relevant, and how to explore the data you ve identified. Miller guides you through conceptually modeling each data set with words and figures; and then modeling it again with realistic R programs that deliver actionable insights. You ll walk through model construction, explanatory variable subset selection, and validation, mastering best practices for improving out-of-sample predictive performance. Throughout, Miller employs data visualization and statistical graphics to help you explore data, present models, and evaluate performance. This edition adds five new case studies, updates all code for the newest versions of R, adds more commenting to clarify how the code works, and offers a more detailed and up-to-date primer on data science methods. Gain powerful, actionable, profitable insights about: * Advertising and promotion * Consumer preference and choice * Market baskets and related purchases * Economic forecasting * Operations management * Unstructured text and language * Customer sentiment * Brand and price * Sports team performance * And much more. Bookseller Inventory # AAS9780133886016

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Book Description Pearson Education (US), United States, 2014. Hardback. Book Condition: New. Revised and Expanded Edition. 239 x 178 mm. Language: English . Brand New Book. To succeed with predictive analytics, you must understand it on three levels: Strategy and management Methods and models Technology and code This up-to-the-minute reference thoroughly covers all three categories. Now fully updated, this uniquely accessible book will help you use predictive analytics to solve real business problems and drive real competitive advantage. If you re new to the discipline, it will give you the strong foundation you need to get accurate, actionable results. If you re already a modeler, programmer, or manager, it will teach you crucial skills you don t yet have. Unlike competitive books, this guide illuminates the discipline through realistic vignettes and intuitive data visualizations-not complex math. Thomas W. Miller, leader of Northwestern University s pioneering program in predictive analytics, guides you through defining problems, identifying data, crafting and optimizing models, writing effective R code, interpreting results, and more. Every chapter focuses on one of today s key applications for predictive analytics, delivering skills and knowledge to put models to work-and maximize their value. Reflecting extensive student and instructor feedback, this edition adds five classroom-tested case studies, updates all code for new versions of R, explains code behavior more clearly and completely, and covers modern data science methods even more effectively. All data sets, extensive R code, and additional examples available for download at If you want to make the most of predictive analytics, data science, and big data, this is the book for you. Thomas W. Miller s unique balanced approach combines business context and quantitative tools, appealing to managers, analysts, programmers, and students alike. Miller addresses multiple business cases and challenges, including segmentation, brand positioning, product choice modeling, pricing research, finance, sports, text analytics, sentiment analysis, and social network analysis. He illuminates the use of cross-sectional data, time series, spatial, and spatio-temporal data. You ll learn why each problem matters, what data are relevant, and how to explore the data you ve identified. Miller guides you through conceptually modeling each data set with words and figures; and then modeling it again with realistic R programs that deliver actionable insights. You ll walk through model construction, explanatory variable subset selection, and validation, mastering best practices for improving out-of-sample predictive performance. Throughout, Miller employs data visualization and statistical graphics to help you explore data, present models, and evaluate performance. This edition adds five new case studies, updates all code for the newest versions of R, adds more commenting to clarify how the code works, and offers a more detailed and up-to-date primer on data science methods. Gain powerful, actionable, profitable insights about: * Advertising and promotion * Consumer preference and choice * Market baskets and related purchases * Economic forecasting * Operations management * Unstructured text and language * Customer sentiment * Brand and price * Sports team performance * And much more. Bookseller Inventory # AAS9780133886016

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