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Lecture 1

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Aayush Anand
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21 views15 pages

Lecture 1

Uploaded by

Aayush Anand
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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PYTHON FOR BUSINESS

ANALYTICS
COURSE CODE 10822
CLASS RULES

• Classes are mostly scheduled in 12:45 PM slot


• No usage of phone and personal laptop
• Attendance happens at any time, if you are not there then you will not be marked present
• Checking attendance everyday is your task, no one else is responsible
• Doors close 5 minutes after the start of the class
• No leaving the class for washroom or water in the first 60 minutes
• Read the course outline right now. Quizzes will be offline
EVALUATION

Assessment Description Weightage CLOs


Component
Quiz and There will be two announced quizzes totaling to 15 marks. 5 marks are awarded 20% CLO1
Certification for completion of certification on Python.
Assignment There will be one assignment. Students will be evaluated individually and/or in 20% CLO2
groups. Assignment will be based on how well students participate/performs
individually/in groups on the datasets/caselets/lab analysis activities/ questions
put up in the class/forum.
Group Project Students will be required to complete a project as a part of their group assessment 20% CLO3
component. The project will be evaluated on the following basis: formal report/
presentation and peer feedback of other members of the group.
End-Term It will be based on the entire course. This will consist of application-based 40% CLO2,
Examination questions, situations and /or on case study with the data set. Students have to CLO3
analyze the data and solve the problem on the software in the computer lab and
interpret in business language.
YOUR EXPECTATIONS FROM THE COURSE &
THE COURSE OUTLINE
EXPECTATIONS FROM YOU

• At the end of the course, the students should be able to:

• CLO 1: Summarize Python fundamentals. (Understanding-Factual)

• CLO 2: Apply Python for business analytics applications. (Apply-Procedural)

• CLO 3: Apply relevant conceptual frameworks to business situations. (Apply-Procedural)


WHAT WE WILL COVER

• Three sections in the class schedule


• Introduction to analytics
• Python basics
• Python Dataframes
ROLE OF PROGRAMMING IN BUSINESS
ANALYTICS

• Business managers must take business decisions


• Business decisions are based on data
• Data available is seldom clean and complete
• It is hard to get any information out of data by merely looking at it
• The work may be repetitive in nature
• Quick data availability may aid better decision making, plus data visualization
• Visual display of information helps in data analysis
ROLE OF PROGRAMMING IN BUSINESS
ANALYTICS

• Problem with multiple sources of complex data


• Customized solutions compared to standard softwares
• Advanced and unique models can be deployed
• Scalability of solutions
• Cost-effectiveness
• Skill development, talent acquisition and competitive advantage
• Control on data security
WHY PYTHON?

• Ease of Learning and Use


• Rich Libraries and Frameworks
• Community and support
• Versatility or flexibility
• Integration capability
• Scalability
• Advance analytics and machine learning libraries
• Data visualization
• Flexibility in Data Wrangling
• Open Source, expertise available
DATA

• Quantitative Data (Numerical Data) • Text Data


• Qualitative Data (Categorical Data) • Multimedia Data
• Binary Data • Web Data
• Time-Series Data • Social Media Data
• Panel Data • Sensor Data
• Spatial Data (Geospatial Data) • Transactional Data
FLOW OF A BUSINESS ANALYTICS SOLUTION

• Problem definition- Business context, Defining the analytics problem


• Data Collection- Data sources, Acquiring data
• Data Preprocessing- Data cleaning, data transformation
• Exploratory Data Analysis- Statistical analysis, Visualization
• Data Modelling- Feature engineering, model selection, model selection, model training
and testing
FLOW OF A BUSINESS ANALYTICS SOLUTION

• Evaluation- model evaluation, validation


• Deployment- deployment strategy, implementation
• Actionable insights and decision making- interpreting results, making recommendations
• Monitoring and Maintenance- Performance monitoring, updates and adjustments
• Reporting and communication- Documentation and communication
A CASE STUDY

• https://artscience.blog/home/divvy-dataviz-case-study
• What is the case about? Summarize it
• Read the data (do not analyse it)
• Now let us try to work out steps for solving this case
• Once done, solve the case
• This will be your first individual assignment
• Copying from friends and internet or using GPT will attract heavy penalty and an F grade
INSTALLATION OF PYTHON

• Install Anaconda on your system


• When installing on windows do not forget to add it to environment variable though the
default asks you not to do so
• We will work on the Jupyter notebook
• Jupyter notebook is installed by default in the anaconda setup
LIBRARIES THAT WE WILL USE

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