Question: Customer segmentation with k-means: The second step is to divide the customer list into tiered groups using clustering using K-means and discuss the profile of

Customer segmentation with k-means: The second step is to divide the

customer list into tiered groups using clustering using K-means and discuss the

Customer segmentation with k-means: The second step is to divide the customer list into tiered groups using clustering using K-means and discuss the profile of each found cluster (in terms of the properties that describe the properties of the customers of each cluster). The report should illustrate the adopted clustering methodology and the cluster interpretation. In particular, it is necessary to discuss the identification of the best value of k. ' Build of K-Means Model in Python [5 Marks] ' Correct Justification of K value [5 Marks] ' Testing of KeMeans Model in Python [5 Marks]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

3 . Customer segmentation with DBSCAN: The second step is to divide the customer list into tiered groups using DBSCAN and discuss the profile of each found cluster ( in terms of the properties that...

Customer segmentation with DBSCAN: The second step is to divide the customer list into tiered groups using DBSCAN and discuss the profile of each found cluster ( in terms of the properties that...

Data Set Information: The dataset has 3 8 7 6 5 rows comprising purchase orders of customers from grocery stores. These orders can be analysed using Market Basket Analysis or clustering for...

Hello Larima, hope you're doing very well, Please take a look at the attached files of my two assignments and i would like to get your help with this one as well, please, should be using Harvard...

I need help with building a Business case Abstract International trade becomes increasingly frequent with the deepening of economic globalization. In order to ensure the stable and rapid development...

question How might utilities use the information and data received from the smart meters to specifically target ecologically minded consumers (B2C) and business (B2B) customers? information Patent...

AllLife Bank Customer Segmentation - Problem StatementAllLife Bank Customer Segmentation - Problem Statement AllLife Bank wants to focus on its credit card customer base in the next financial year....

Confirming Pages C H A P T E R 19 Analyzing Information and Writing Reports Chapter Outline Using Your Time Efficiently Analyzing Data and Information for Reports Identifying the Source of the Data...

When coming up with an operating budget we first have to think of what we will be spending on and what will make us money and then we need to make sure it comes out to where we are saving money in...

SAE 10 oil at 20°C flows between parallel plates 8 mm apart, as in Fig. P4.86 A mercury manometer, with wall pressure taps 1 m apart, registers a 6-cm height, as shown. Estimate the flow rate of...

The current gold price is about $ 9 2 0 per ounce ( oz ) of gold. The Rand / USD ( United States Dollar ) exchange rate is 1 US $ = R 1 8 . 3 0 . 1 0 0 0 g = 3 5 , 2 7 3 9 2 oz What is the price of...

A manager wants to assign tasks to workstations as efficiently as possible, and achieve an hourly output of 331/3 units. Assume the shop works a 60 -minute hour. Assign the tasks shown in the...

4. Think of a situation where you would convince someone of an argument or an idea you had. a. What feelings did you want the other person to be left with when you finished? b. When you think about...

7. Think of a situation where you felt that you mastered the situation, i.e. where you had a positive feeling of completing the task you were to perform. A. Now develop a picture in your imaginary...

6. Think of something that you believe in, without the slightest doubt attached to it. How do you imagine this? Is it verbal, in rumours, in metaphors or the like? The answer says something about how...