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Hands-On Prescriptive Analytics
Optimizing Your Decision Making with Python
Taschenbuch von Walter Paczkowski
Sprache: Englisch

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Beschreibung

Business decisions in any context--operational, tactical, or strategic--can have considerable consequences. Whether the outcome is positive and rewarding or negative and damaging to the business, its employees, and stakeholders is unknown when action is approved. These decisions are usually made under the proverbial cloud of uncertainty.

With this practical guide, data analysts, data scientists, and business analysts will learn why and how maximizing positive consequences and minimizing negative ones requires three forms of rich information: Descriptive analytics explores the results from an action--what has already happened. Predictive analytics focuses on what could happen. The third, prescriptive analytics, informs us what should happen in the future.

While all three are important for decision-makers, the primary focus of this book is on the third: prescriptive analytics. Author Walter R. Paczkowski, Ph.D. shows you:

  • • The distinction among descriptive, predictive, and prescriptive analytics • How predictive analytics produces a menu of action options • How prescriptive analytics narrows the menu of action options • The forms of prescriptive analytics: eight prescriptive methods • Two broad classes of these methods: non-stochastic and stochastic • How to develop prescriptive analyses for action recommendations • Ways to use an appropriate tool-set in Python

Business decisions in any context--operational, tactical, or strategic--can have considerable consequences. Whether the outcome is positive and rewarding or negative and damaging to the business, its employees, and stakeholders is unknown when action is approved. These decisions are usually made under the proverbial cloud of uncertainty.

With this practical guide, data analysts, data scientists, and business analysts will learn why and how maximizing positive consequences and minimizing negative ones requires three forms of rich information: Descriptive analytics explores the results from an action--what has already happened. Predictive analytics focuses on what could happen. The third, prescriptive analytics, informs us what should happen in the future.

While all three are important for decision-makers, the primary focus of this book is on the third: prescriptive analytics. Author Walter R. Paczkowski, Ph.D. shows you:

  • • The distinction among descriptive, predictive, and prescriptive analytics • How predictive analytics produces a menu of action options • How prescriptive analytics narrows the menu of action options • The forms of prescriptive analytics: eight prescriptive methods • Two broad classes of these methods: non-stochastic and stochastic • How to develop prescriptive analyses for action recommendations • Ways to use an appropriate tool-set in Python
Über den Autor
Walter R. Paczkowski, Ph.D. earned his Ph.D. in Economics at Texas A&M University and has worked at AT&Tâ s Analytical Support Center, Market Analysis and Forecasting Division, and Business Research Division. He was also a Member of the Technical Staff at AT&T Bell Labs before founding Data Analytics Corp., a statistical consulting and data modeling company, in 2001. Dr. Paczkowski is a part-time lecturer in the Department of Economics and the Department of Statistics at Rutgers University. He published six books in, what he refers to as, his Analytics Series. His latest are Business Analytics: Data Science for Business Problems (Springer, 2021), Modern Survey Analysis: Using Python for Deeper Insights (Springer, 2022), and Predictive and Simulation Analytics: Deeper Insights for Better Business Decisions (Springer, 2023).
Details
Erscheinungsjahr: 2024
Fachbereich: Management
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781098153175
ISBN-10: 1098153170
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Paczkowski, Walter
Hersteller: O'Reilly Media
Verantwortliche Person für die EU: Produktsicherheitsverantwortliche/r, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 230 x 177 x 24 mm
Von/Mit: Walter Paczkowski
Erscheinungsdatum: 11.2024
Gewicht: 0,704 kg
Artikel-ID: 129431559
Über den Autor
Walter R. Paczkowski, Ph.D. earned his Ph.D. in Economics at Texas A&M University and has worked at AT&Tâ s Analytical Support Center, Market Analysis and Forecasting Division, and Business Research Division. He was also a Member of the Technical Staff at AT&T Bell Labs before founding Data Analytics Corp., a statistical consulting and data modeling company, in 2001. Dr. Paczkowski is a part-time lecturer in the Department of Economics and the Department of Statistics at Rutgers University. He published six books in, what he refers to as, his Analytics Series. His latest are Business Analytics: Data Science for Business Problems (Springer, 2021), Modern Survey Analysis: Using Python for Deeper Insights (Springer, 2022), and Predictive and Simulation Analytics: Deeper Insights for Better Business Decisions (Springer, 2023).
Details
Erscheinungsjahr: 2024
Fachbereich: Management
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781098153175
ISBN-10: 1098153170
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Paczkowski, Walter
Hersteller: O'Reilly Media
Verantwortliche Person für die EU: Produktsicherheitsverantwortliche/r, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 230 x 177 x 24 mm
Von/Mit: Walter Paczkowski
Erscheinungsdatum: 11.2024
Gewicht: 0,704 kg
Artikel-ID: 129431559
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