Shmueli / Bruce / Stephens | Machine Learning for Business Analytics | Buch | 978-1-119-90383-3 | sack.de

Buch, Englisch, 608 Seiten, Format (B × H): 185 mm x 257 mm, Gewicht: 1338 g

Shmueli / Bruce / Stephens

Machine Learning for Business Analytics

Concepts, Techniques and Applications with Jmp Pro
2. Auflage 2023
ISBN: 978-1-119-90383-3
Verlag: Wiley

Concepts, Techniques and Applications with Jmp Pro

Buch, Englisch, 608 Seiten, Format (B × H): 185 mm x 257 mm, Gewicht: 1338 g

ISBN: 978-1-119-90383-3
Verlag: Wiley


MACHINE LEARNING FOR BUSINESS ANALYTICS

An up-to-date introduction to a market-leading platform for data analysis and machine learning

Machine Learning for Business Analytics: Concepts, Techniques, and Applications with JMP Pro, 2nd ed. offers an accessible and engaging introduction to machine learning. It provides concrete examples and case studies to educate new users and deepen existing users’ understanding of their data and their business. Fully updated to incorporate new topics and instructional material, this remains the only comprehensive introduction to this crucial set of analytical tools specifically tailored to the needs of businesses.

Machine Learning for Business Analytics: Concepts, Techniques, and Applications with JMP Pro, 2nd ed. readers will also find:

- Updated material which improves the book’s usefulness as a reference for professionals beyond the classroom
- Four new chapters, covering topics including Text Mining and Responsible Data Science
- An updated companion website with data sets and other instructor resources: www.jmp.com/dataminingbook
- A guide to JMP Pro's new features and enhanced functionality

Machine Learning for Business Analytics: Concepts, Techniques, and Applications with JMP Pro, 2nd ed. is ideal for students and instructors of business analytics and data mining classes, as well as data science practitioners and professionals in data-driven industries.

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Weitere Infos & Material


Foreword xix

Preface xx

Acknowledgments xxiii

Part I Preliminaries

1 Introduction 3

1.1 What Is Business Analytics? 3

1.2 What Is Machine Learning? 5

1.3 Machine Learning, AI, and Related Terms 5

1.4 Big Data 6

1.5 Data Science 7

1.6 Why Are There So Many Different Methods? 8

1.7 Terminology and Notation 8

1.8 Road Maps to This Book 10

2 Overview of the Machine Learning Process 17

2.1 Introduction 17

2.2 Core Ideas in Machine Learning 18

2.3 The Steps in A Machine Learning Project 21

2.4 Preliminary Steps 22

2.5 Predictive Power and Overfitting 29

2.6 Building a Predictive Model with JMP Pro 34

2.7 Using JMP Pro for Machine Learning 42

2.8 Automating Machine Learning Solutions 43

2.9 Ethical Practice in Machine Learning 47

Part II Data Exploration and Dimension Reduction

3 Data Visualization 59

3.1 Introduction 59

3.2 Data Examples 61

3.3 Basic Charts: Bar Charts, Line Graphs, and Scatter Plots 62

3.4 Multidimensional Visualization 70

3.5 Specialized Visualizations 82

3.6 Summary: Major Visualizations and Operations, According to Machine Learning Goal 87

4 Dimension Reduction 91

4.1 Introduction 91

4.2 Curse of Dimensionality 92

4.3 Practical Considerations 92

Part III Performance Evaluation

5 Evaluating Predictive Performance 117

5.1 Introduction 118

5.2 Evaluating Predictive Performance 118

Part IV Prediction and Classification Methods

6 Multiple Linear Regression 147

6.1 Introduction 147

6.2 Explanatory vs. Predictive Modeling 148

6.3 Estimating the Regression Equation and Prediction 149

6.4 Variable Selection in Linear Regression 155

7 k-Nearest Neighbors (k-NN) 175

7.1 The k-NN Classifier (Categorical Outcome) 175

8 The Naive Bayes Classifier 189

8.1 Introduction 189

9 Classification and Regression Trees 205

9.1 Introduction 206

9.2 Classification Trees 207

9.3 Growing a Tree for Riding Mowers Example 210

9.4 Evaluating the Performance of a Classification Tree 215

9.5 Avoiding Overfitting 219

9.6 Classification Rules from Trees 222

9.7 Classification Trees for More Than Two Classes 224

9.8 Regression Trees 224

9.9 Advantages and Weaknesses of a Single Tree 227

9.10 Improving Prediction: Random Forests and Boosted Trees 229

10 Logistic Regression 237

10.1 Introduction 237

10.2 The Logistic Regression Model 239

10.3 Example: Acceptance of Personal Loan 240

10.4 Evaluating Classification Performance 247

10.5 Variable Selection 249

10.6 Logistic Regression for Multi-class Classification 250

10.7 Example of Complete Analysis: Predicting Delayed Flights 253

11 Neural Nets 267

11.1 Introduction 267

11.2 Concept and Structure of a Neural Network 268

11.3 Fitting a Network to Data 269

11.4 User Input in JMP Pro 282

11.5 Exploring the Relationship Between Predictors and Outcome 284

11.6 Deep Learning 285

11.7 Advantages and Weaknesses of Neural Networks 289

12 Discriminant Analysis 293

12.1 Introduction 293

12.2 Distance of an Observation from a Class 295

12.3 From Distances to Propensities and Classifications 297

12.4 Classification Performance of Discriminant Analysis 300

12.5 Prior Probabilities 301

12.6 Classifying More Than Two Classes 303

12.7 Advantages and Weaknesses 306

13 Generating, Comparing, and Combining Multiple Models 311

13.1 Ensembles 311

13.2 Automated Machine Learning (AutoML) 317

13.3 Summary 322

Part V Intervention and User Feedback

14 Interventions: Experiments, Uplift Models, and Reinforcement Learning 327

14.1 Introduction 327

14.2 A/B Testing 328

14.3 Uplift (Persuasion) Modeling 333

14.4 Reinforcement Learning 340

14.5 Summary 344

Part VI Mining Relationships Among Records

15 Association Rules and Collaborative Filtering 349

15.1 Association Rules 349

15.2 Collaborative Filtering 362

15.3 Summary 370

16 Cluster Analysis 375

16.1 Introduction 375

16.2 Measuring Distance Between Two Records 378

16.3 Measuring Distance Between Two Clusters 383

16.4 Hierarchical (Agglomerative) Clustering 385

16.5 Nonhierarchical Clustering: The K-Means Algorithm 394

Part VII Forecasting Time Series

17 Handling Time Series 409

17.1 Introduction 409

17.2 Descriptive vs. Predictive Modeling 410

17.3 Popular Forecasting Methods in Business 411

17.4 Time Series Components 411

17.5 Data Partitioning and Performance Evaluation 415

18 Regression-Based Forecasting 423

18.1 A Model with Trend 424

18.2 A Model with Seasonality 430

18.3 A Model with Trend and Seasonality 433

18.4 Autocorrelation and ARIMA Models 433

19 Smoothing and Deep Learning Methods for Forecasting 455

19.1 Introduction 455

19.2 Moving Average 456

19.3 Simple Exponential Smoothing 461

19.4 Advanced Exponential Smoothing 465

19.5 Deep Learning for Forecasting 470

Part VIII Data Analytics

20 Text Mining 483

20.1 Introduction 483

20.2 The Tabular Representation of Text: Document–Term Matrix and "Bag-of-Words" 484

20.3 Bag-of-Words vs. Meaning Extraction at Document Level 486

20.4 Preprocessing the Text 486

20.5 Implementing Machine Learning Methods 492

20.6 Example: Online Discussions on Autos and Electronics 492

20.7 Example: Sentiment Analysis of Movie Reviews 500

20.8 Summary 502

21 Responsible Data Science 505

21.1 Introduction 505

21.2 Unintentional Harm 506

21.3 Legal Considerations 508

21.4 Principles of Responsible Data Science 508

21.5 A Responsible Data Science Framework 511

21.6 Documentation Tools 514

21.7 Example: Applying the RDS Framework to the COMPAS Example 517

21.8 Summary 526

Part IX Cases

22 Cases 533

22.1 Charles Book Club 533

22.2 German Credit 541

22.3 Tayko Software Cataloger 545

22.4 Political Persuasion 548

22.5 Taxi Cancellations 552

22.6 Segmenting Consumers of Bath Soap 554

22.7 Catalog Cross-Selling 557

22.8 Direct-Mail Fundraising 559

22.9 Time Series Case: Forecasting Public Transportation Demand 562

22.10 Loan Approval 564

Index 573


Galit Shmueli, PhD is Distinguished Professor at National Tsing Hua University's Institute of Service Science. She has designed and instructed business analytics courses since 2004 at University of Maryland, Statistics.com, The Indian School of Business, and National Tsing Hua University, Taiwan.

Peter C. Bruce is Founder of the Institute for Statistics Education at Statistics.com, and Chief Learning Officer at Elder Research, Inc.

Mia L. Stephens, M.S. is an Advisory Product Manager with JMP, driving the product vision and roadmaps for JMP and JMP Pro.

Muralidhara Anandamurthy, PhD is an Academic Ambassador with JMP, overseeing technical support for academic users of JMP Pro.

Nitin R. Patel, PhD is cofounder and lead researcher at Cytel Inc. He is also a Fellow of the American Statistical Association and has served as a visiting professor at the Massachusetts Institute of Technology and Harvard University, among others.



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