Decision Analytic Thinking I: What Is a Good Model? - Evaluating Classifiers - Generalizing Beyond Classification - A Key Analytical Framework: Expected Value - Evaluation, Baseline Performance, and Implications for Investments in Data
Visualizing Model Performance: Ranking Instead of Classifying - Profit Curves - ROC Graphs and Curves - The Area Under the ROC Curve (AUC) - Cumulative Response and Lift Curves - Example: Performance Analytics for Churn Modeling
Evidence and Probabilities: Example: Targeting Online Consumers with Advertisements - Combining Evidence Probabilistically - Applying Bayes’ Rule to Data Science - A Model of Evidence “Lift” - Example: Evidence Lifts from Facebook “Likes”
Decision Analytic Thinking II: Toward Analytical Engineering: Targeting the Best Prospects for a Charity Mailing - Our Churn Example Revisited with Even More Sophistication - Assessing the Influence of the Incentive - From an Expected Value Decomposition to a Data Science Solution
Data Science Tasks and Techniques: Co-occurrences and Associations: Finding Items That Go Together - Profiling: Finding Typical Behavior - Link Prediction and Social Recommendation - Data Reduction, Latent Information, and Movie Recommendation - Bias, Variance, and Ensemble Methods - Data-Driven Causal Explanation and a Viral Marketing Example
Reference Book:
1. Matt Taddy, “Business Data Science”, McGraw – Hill Education LLC, First Edition, ISBN –978-1-26-045278-5 2. Tony Guida, “Big Data and Machine Learning in Quantitative Investment”, John Wiley &Sons,Ltd, First Edition, ISBN – 9781119522195 3. Hadley Wickham, “ R for Data Science: Import, Tidy, Transform, Visualize, and Model Data,O’Reilly Media, Inc., First Edition, ISBN – 978-1-491-91039-9 4. Stephen Klosterman, “Data Science Projects with python”, Packt Publishing, First Edition,ISBN – 978-1-83855-102-5
Text Book:
1.Foster Provost and Tom Fawcett, “Data Science for Business”, O’Reilly Media, Inc., First Edition, ISBN – 978-1-449-36132-7