Using multiple linear regression model to predict customer demand in order to make business decision
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Updated
Feb 23, 2022 - Jupyter Notebook
Using multiple linear regression model to predict customer demand in order to make business decision
project to predict smartphone sales based on the marketing budget spent on advertising using three platforms involves collecting data on marketing spending and smartphone sales, and using statistical and machine learning techniques to build a model that can predict future smartphone sales based on changes in marketing budget.
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Business Goal: To model the demand for shared bikes with the available independent variables. It will be used by the management to understand how exactly the demands vary with different features. They can accordingly manipulate the business strategy to meet the demand levels and meet the customer's expectations.
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I leveraged an algorithmic approach to predict the price and carat of the diamond using Machine Learning. Various regression models have been trained and their performance has been evaluated using the R Squared Score followed by tuning of the hyperparameters of top models. I have also carried out a trade-off based on the R Squared Score and the …
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