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Lab 02 Group 05

python jupytar

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15 views2 pages

Lab 02 Group 05

python jupytar

Uploaded by

farheen.salar
Copyright
© © All Rights Reserved
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1071124, 9:50 AM Lab_02_Group_08 import pandas as pd from sklearn.model_selection import train_test_split from sklearn.1inear_model import Linearegression from sklearn.metrics import mean_absolute_error # Step 1: Read the CSV file into a pandas DataFrame df = pd.read_csv("Table 02 sales_data.csv") # Step 2: Define features (X) and target (y) X = df[["Marketing Spend’, ‘Store Size’, ‘Staff_count’]] y = df["Sales'] # Step 3: Split the data into training and testing sets X_train, X_test, y_train, y test = train test_split(x, y, test_siz 4, random_sta 4# Step 4: Initialize and train the Linear regression model model = LinearRegression() model.fit(X_train, y_train) |v LinearRegression [LinearRegression() # Step 5: Predict sales on the test set y_pred = model.predict(x test) # Step 6: Evaluate the model using Mean Absolute Error (MAE) mae = mean_absolute_error(y test, y_pred) print(f"Mean Absolute Error: {mae)') Mean Absolute Error: 2471.2396859690684 # Step 7: Display the model's coefficients and intercept print(f'Coefficients: {model.coef_}") print(f'intercept: {nodel.intercept_}") Coefficients: [2.96635904e+00 1.49904832e+02 5.10803828e+03) Intercept: -509.5101740694372 Discuss how well the model performs, based on the MAE values print(df['Sales'].min()) print (df[ ‘Sales’ ].max()) itThe Mean Absolute Error (MAE) of the model is Mean Absolute Error: 2471.24 ‘#This metric measures the average absolute difference between the actual sales figu ‘This value is smaller than the actual sales value, as it is out of its range( smal 72352 292642 Ai: UsersfarchvOneDrive!Documonts/BIA SEM Machine Learning and Algorthms 1/PracticalsfLab2iab_02_Group_0S.himl we 1071124, 9:50 AM Lab_02_Group_05 Reflect on how business students can apply Linear Regression to predict sales or other financial outcomes using available data. ‘#Business students can apply Linear Regression as a powerful tool to predict outcom #1. Sales Forecasting: By analyzing historical sales data and identifying patterns, #2. Financial Forecasting: Linear regression can be used to forecast future financi #3, Market Analysis: Linear regression can assist in assessing how external factors Can we reduce the number of variables using LR? #Yes, it is possible to reduce the number of variables using Linear regression by a #1. Feature Selection: By examining the coefficients of the regression model, Less #2. Regularization Methods: Techniques Like Lasso regression (L1 regularization) ca #3. Dimensionality Reduction: Approaches Like Principal Component Analysis (PCA) ca Ai:1C:UsersfarchvOneDrive!Documonts/BIA SEM Machine Learning and Algorthms 1/PracticalsfLab2iab_02_Group_0S.himl 22.

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