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Hands-On Data Science for Marketing

You're reading from   Hands-On Data Science for Marketing Improve your marketing strategies with machine learning using Python and R

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Product type Paperback
Published in Mar 2019
Publisher Packt
ISBN-13 9781789346343
Length 464 pages
Edition 1st Edition
Languages
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Author (1):
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Yoon Hyup Hwang Yoon Hyup Hwang
Author Profile Icon Yoon Hyup Hwang
Yoon Hyup Hwang
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Table of Contents (20) Chapters Close

Preface 1. Section 1: Introduction and Environment Setup
2. Data Science and Marketing FREE CHAPTER 3. Section 2: Descriptive Versus Explanatory Analysis
4. Key Performance Indicators and Visualizations 5. Drivers behind Marketing Engagement 6. From Engagement to Conversion 7. Section 3: Product Visibility and Marketing
8. Product Analytics 9. Recommending the Right Products 10. Section 4: Personalized Marketing
11. Exploratory Analysis for Customer Behavior 12. Predicting the Likelihood of Marketing Engagement 13. Customer Lifetime Value 14. Data-Driven Customer Segmentation 15. Retaining Customers 16. Section 5: Better Decision Making
17. A/B Testing for Better Marketing Strategy 18. What's Next? 19. Other Books You May Enjoy

A/B Testing for Better Marketing Strategy

When building different marketing strategies, whether your idea is going to work or not. Typically, there is a lot of guesswork involved when coming up with new marketing ideas, and often there is a lack of tools, resources, or even motivation to test whether any of your marketing ideas will work. However, this way of putting your marketing strategy ideas into work is risky and can be very costly. What if you spent lots of money on your new marketing campaign and it did not help you reach your marketing goal at all? What if you spent hundreds of hours refining your marketing message and it never attracted your prospects to engage with your marketing message?

In this chapter, we are going to discuss a way of testing your marketing ideas before you fully commit to them. More specifically, we are going to learn about what A/B testing is,...

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