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Course Outline

Module 1

Introduction to Data Science & Applications in Marketing

  • Analytics Overview: Types of analytics - Predictive, Prescriptive, and Inferential
  • Applying Analytics in Marketing
  • Use of Big Data and Different Technologies - Introduction

Module 2

Marketing in the Digital Age

  • Introduction to Digital Marketing
  • Online Advertising - Overview
  • Search Engine Optimization (SEO) – Google Case Study
  • Social Media Marketing: Tips and Strategies – Examples from Facebook and Twitter

Module 3

Exploratory Data Analysis & Statistical Modeling

  • Data Presentation and Visualization – Understanding Business Data using Histograms, Pie Charts, Bar Charts, and Scatter Diagrams – Rapid Insights – Using Python
  • Basic Statistical Modeling – Trends, Seasonality, Clustering, and Classifications (Covering basics, algorithms, and usage without detailed specifics) – Ready-to-use Python Code
  • Market Basket Analysis (MBA) – Case Study using Association Rules, Support, Confidence, and Lift

Module 4

Marketing Analytics I

  • Introduction to the Marketing Process – Case Study
  • Leveraging Data to Enhance Marketing Strategy
  • Measuring Brand Assets, Snapple, and Brand Value – Brand Positioning
  • Text Mining for Marketing – Fundamentals of Text Mining – Case Study on Social Media Marketing

Module 5

Marketing Analytics II

  • Customer Lifetime Value (CLV) with Calculation – Case Study on CLV for Business Decisions
  • Measuring Causality and Effects through Experiments – Case Study
  • Calculating Projected Lift
  • Data Science in Online Advertising – Click-through Rate Conversion and Website Analytics

Module 6

Regression Basics

  • What Regression Reveals and Basic Statistics (Minimal Mathematical Details)
  • Interpreting Regression Results – With Case Study Using Python
  • Understanding Log-Log Models – With Case Study Using Python
  • Marketing Mix Models – Case Study Using Python

Module 7

Classification and Clustering

  • Fundamentals of Classification and Clustering – Usage; Mention of Algorithms
  • Interpreting the Results – Python Programs with Outputs
  • Customer Targeting Using Classification and Clustering – Case Study
  • Improving Business Strategy – Examples of Email Marketing and Promotions
  • The Need for Big Data Technologies in Classification and Clustering

Module 8

Time Series Analysis

  • Trends and Seasonality – Using Python-Driven Case Studies and Visualizations
  • Different Time Series Techniques – AR and MA
  • Time Series Models – ARMA, ARIMA, ARIMAX (Usage and Examples with Python) – Case Study
  • Time Series Prediction for Marketing Campaigns

Module 9

Recommendation Engine

  • Personalization and Business Strategy
  • Different Types of Personalized Recommendations – Collaborative and Content-Based
  • Algorithms for Recommendation Engines – User-Driven, Item-Driven, Hybrid, Matrix Factorization (Mention and usage only, without Mathematical details)
  • Recommendation Metrics for Incremental Revenue – Detailed Case Study

Module 10

Maximizing Sales Using Data Science

  • Fundamentals of Optimization Techniques and Their Applications
  • Inventory Optimization – Case Study
  • Increasing ROI Using Data Science
  • Lean Analytics – Startup Accelerator

Module 11

Data Science in Pricing & Promotion I

  • Pricing – The Science of Profitable Growth
  • Demand Forecasting Techniques – Modeling and Estimating the Structure of Price-Response Demand Curves
  • Pricing Decisions – How to Optimize Pricing – Case Study Using Python
  • Promotion Analytics – Baseline Calculation and Trade Promotion Model
  • Using Promotions for Better Strategy – Sales Model Specification – Multiplicative Model

Module 12

Data Science in Pricing and Promotion II

  • Revenue Management – Managing Perishable Resources Across Multiple Market Segments
  • Product Bundling – Fast and Slow-Moving Products – Case Study with Python
  • Pricing of Perishable Goods and Services – Airline & Hotel Pricing – Mention of Stochastic Models
  • Promotion Metrics – Traditional and Social

Requirements

There are no specific prerequisites for attending this course.

 21 Hours

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