Data Science Project - RFM model
This project made me consulting firm thousands of dollars. Customer segmentation RFM model stands for Recency, Frequency, Monetary Value.
I want to celebrate 10,000 followers in TikTok and decided to share with you a project that can help you make money. If you know online retail companies, you can develop this model for them, which would definitely make them money. Of course, you will have to clean the data and wrap it all up in a beautiful presentation, but the logic and code is here, in this video.
Data can be found here :
www.kaggle.com/datasets/ulrik...
Timestamps:
00:00 Intro
00:23 What is RFM model
00:52 Python project
12:54 RFM score, RFM Segment
27:37 Conclusion
⚡️MASTERCLASS - "Data Analysis with Python Masterclass" - karinadatascientist.com/⚡️
Social Media:
TikTok: / karinadatascientist
Instagram: / karinadatascientist
Linkedin: / karina-samsonova
#datascience #pythonprogramming #karinadatascientist
Пікірлер: 29
you are awesome, keep those videos I'm a big fan now!
@karinadatascientist
Ай бұрын
Thank you, I appreciate it
Lovely project. Hopefully you could expand more on how to deal with the outliers
@karinadatascientist
29 күн бұрын
Sure, good idea!
Nice to Learn from another New Project........!!
@karinadatascientist
Ай бұрын
Glad you liked it!
! like ur videos! Thnkss!
@karinadatascientist
23 күн бұрын
Thank you for watching!
Perfect! More videos please:)
@karinadatascientist
Ай бұрын
Thank you for your support!
You earned a new subscriber 😊, I really enjoyed your video 🤗
@karinadatascientist
29 күн бұрын
Yay! Glad you liked you and thank you for subscribing
The materials has been very informative for me , try to put your picture on the top left side of the videos
@karinadatascientist
26 күн бұрын
@@abdiwelly5606 I’ll try that! I am still learning how to edit my videos 😊
I think very important video for us currently I want to make a project so please create more videos
@karinadatascientist
Ай бұрын
Thank you for feedback. More projects to come!
Can you please do a video on churn and churn prediction?
@karinadatascientist
19 күн бұрын
That's a great idea, thank you
Мне тоже плотли нравится 😅
I really like your videos. for when a video for beginners from 0?
@karinadatascientist
Ай бұрын
Thank you. I didn't know there was an interest in videos for beginners. I have a masterclass "Data Analysis with Python", it is for complete beginners - karinadatascientist.com/ .
Karina This is very helpful. Your video's have all been extremely educative. Where could I get the Jupyter Notebook. Thanks.
@karinadatascientist
Ай бұрын
Thank you. If you mean Jupyter Notebook as a software, you can download it here jupyter.org/. If you mean RFM model - you can create it yourself by following the tutorial in this video
Здрасти 😀👋
@karinadatascientist
Ай бұрын
Привет 👋
How to write a short description about this project in resume
@karinadatascientist
10 күн бұрын
Developed an RFM (Recency, Frequency, Monetary) model in Python to analyze customer behavior and segment the customer base for targeted marketing strategies. Utilized the pandas library for data manipulation, and plotly for data visualization. The model successfully identified key customer segments and provided actionable insights to improve customer retention and increase revenue.
Why dont you use pyforest!!?
@karinadatascientist
Ай бұрын
Don't know, a habit? In my videos I want to show people how libraries work, and how to apply this knowledge to other projects. Don't get me wrong, I like that pyforest removes the need of installing libraries one by one. I sometimes use it for my personal quick analysis, but not for tutorials. I think it is great for personal use, not when you work with a team or building a portfolio