In recent years, retailing has changed from a fragmented space into a winner-takes-all sector, in which a key differentiating factor is the ability to tightly predict demand and measure customer lifetime value. Begin this course by attempting to predict the sales for each week in a Walmart store. You will explore and visualize your data, creating an Azure machine learning workspace and a hosted Python notebook to write code. Then, perform regression analysis to predict the sales after one-hot encoding the requisite explanatory variables. You will apply different models as well, including ridge regression, K-nearest neighbors, decision trees, random forests, and extra tree regressors. Next, predict the customer lifetime value using regression analysis, and perform cross-validation and feature selection on the model in order to improve its performance. Finally, experiment with feature selection, including recursive feature elimination, lasso regularization, and linear SVR.
Perks of Course
Certificate: Yes
CPD Points: 101
Compliance Standards: AICC