ISOM 3400 – PYTHON FOR BUSINESS ANALYTICS
1. Intro to Python
Yingpeng Robin Zhu
JUN 20, 2022
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About Me
Zhu, Yingpeng (Robin)
Ph.D. Candidate, Information Systems, Department of ISOM
Research Interests
Topics: User Generated Content, Digital Platform, Social Media, Email Marketing,
Recommendation Systems, Explainable Artificial Intelligence (XAI)
Methodologies: Causal Inference, Machine Learning, Text Mining, Natural/Field
Experiments
Hobbies Hate Speech Detection (Text analysis+
Basketball, Hiking, Gym, Shopping network analysis), with Yi Yang
Financial Fraud Detection (Text analysis+
TA: Someya Singh behavioral data analysis), with Yi Yang
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Course Group
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Why Learning Programming?
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Why Learning Programming?
“Learning to code not only allows you to give
machines instructions, but it also teaches you abstract
thinking and problem-solving. In fact, problem-solving
skills and creativity are key to becoming a successful
computer programmer.”
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About programming
“Everyone in this country should learn how to program
because it teaches you how to think”
– Steve Jobs
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Top 10 Programming Languages for 2022
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Top 10 Programming Languages for 2022
According to Stack Overflow, Python is the most
popular backend programming language and the
most wanted technology
It is also the most popular language for Data
Scientists and Machine Learning Engineers
Although Python is 30 years old, it’s still growing in
popularity
TIOBE Index: TIOBE ratings are calculated by counting hits of the
most popular search engines
Reference: https://nexttechnology.io/top-10-programming-languages-for-2022/
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Why Python?
Python is incredibly easy to program
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Why Python?
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Why Python?
Python “comes with batteries”. It has comprehensive built-in
library called standard library, including modules that provide:
Numeric and math-related functions and data types
Routines for interfacing with the operating system
Text processing operations
Networking and Internet data handling tools
Structured markup processing tools
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Why Python?
Python has a large collection of add-on modules, packages, and
toolkits
Notable others: Natural Language Toolkit for natural language processing,
Beautiful Soup for Web scraping, Django for Web application
development, the Python Imaging Library for complex image processing
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Why Python?
Python enables rapid prototyping and iteration
It suits quick scripting as well as building large systems
It bridges the gap between research and production
Python has a healthy, active and supportive community
It has a large community of users, easy to find help and documentations
It has corporate sponsors
Google even has a developer portal devoted to Python, with free classes offered including
exercises, lecture videos
https://www.python.org/community/
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Why Python?
Python has become a formidable language in data science and
artificial intelligence fields
It is one of the most popular languages used in data science
It is leading the way in deep learning area
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Why Python?
Python clients
Demand Engineering
Information Security
Personalization Algorithms
……
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Is Python Perfect?
Anyone know any disadvantage of Python?
Speed: relatively slow as a script type of code
e.g., If you write a small application to download MP3 in C or C++, it might take
0.001 seconds to run, but might take 0.1 seconds to run in Python. Can you tell the
difference? Especially considering network delay?
Weak in mobile development
Very few mobile apps are developed by Python
Libraries like Kivy and Beeware were developed to serve the purpose of creating
mobile applications using Python
Memory Consumption
Python is not a good choice for memory intensive tasks. Due to the flexibility of the
data-types, Python's memory consumption is relatively high
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Is Python Perfect?
C++ is around 100 times faster than Python when executing code for the same task!
https://www.youtube.com/watch?v=jeg1haA3Eis
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Python
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Business Analytics
Broadly speaking, business analytics (BA) refers to the application of
evidence-based logical and computational reasoning to business activities
to gain insights and drive business decision making
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Why Business Analytics Is Important?
Business analytics can help companies make better, more informed
decisions and achieve a variety of goals
By leveraging data, businesses can:
Better understand consumer behavior
Gain insight into their competitors
Identify market trends
Measure accomplishments against goals
Optimize operations
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Types of Business Analytics
Bar chart
Pie chart Line chart
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Business Analytics / Machine Learning
INFORM DECISION
DATA
ATION MAKING
STATISTICAL
MODEL
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Two Main Categories of Machine Learning
Supervised learning: making predictions using data
Is an email a ‘spam’ or ‘ham’?
How much will sale increase if we spend a certain amount on ads?
There is a specific outcome that we are trying to predict
Unsupervised learning: extracting structure from data or best
represent data
Segment grocery shoppers to clusters with similar behavior
Identify associations between items
There is no right or wrong answer
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How Does Supervised Learning Works?
Step 1: Has a set of features measured on observations, and a
response also measured on observations
Step 2: Model training (train a machine learning model using
labeled data)
Step 3: Make prediction on new data (for which the label is
unknown)
Step 4: Evaluate the accuracy of the model (percentage of
correct prediction using labeled data)
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How Does Supervised Learning Works?
Classification
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How Does Supervised Learning Works?
Regression
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Examples of Supervised Learning
Face Detection Spam Detection
Other Examples?
Stock Price Prediction
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How Does Unsupervised Learning Works?
Step 1: Has a set of features measured on observations, but
there is no response
Step 2: To discover interesting things/relationships about the
measurements on
Perform unsupervised analysis
Clustering analysis
Association analysis
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Examples of Unsupervised Learning
Clustering analysis – identify groups in a dataset that share
common characteristics
E.g., For marketing purpose, we want to identify different groups of
clients/customers according to their observed characteristics
High debt, low income
Low debt, low income
High income, low debt
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Examples of Unsupervised Learning
Association analysis – discovering relationship among huge data
sets
E.g., The famous market basket analysis which gives a relationship between {Diapers
<-> beer}. It says that whenever a person buys diapers, he/she also buys beer
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Examples of Unsupervised Learning
Other Examples?
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Going Back To The Course
In this course, we will apply Python language enabled with packages
such as pandas to build machine learning model in order to analyze
the business problem
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Going Back To The Course
(3) Preparation:
3-1. Anaconda. As we will learn python programming, therefore, I strongly encourage you to have the python
program installed on your personal computer. I would recommend python 3.x (instead of 2.x) version. As
creating a working environment is time-consuming, we can download and install a Python distribution such as
Anaconda. Anaconda is the most complete Python distribution. To check how to install Anaconda, please check
https://www.datacamp.com/tutorial/installing-anaconda-windows (Links to an external site.) (Windows) or
https://problemsolvingwithpython.com/01-Orientation/01.04-Installing-Anaconda-on-MacOS/
3-2. Jupyter Notebook. We will demonstrate our code through Jupyter Notebook, which allows you to create
and edit documents that display the input and output of a Python or R language script. You can easily access
Jupyter Notebook in Anaconda, please see
https://docs.anaconda.com/ae-notebooks/4.3.1/user-guide/basic-tasks/apps/jupyter/
3-3. Other Approaches. You can also install python and Jupyter Notebook through any other approach that you
want. The only thing that matters is that you make sure you have python and Jupyter Notebook installed on
your personal computer and they can work.
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Python Installation On Windows
Step 1: Select Version of Python to Install
The installation procedure involves downloading the
official Python .exe installer and running it on your system.
The version you need depends on what you want to do in
Python. For example, if you are working on a project
coded in Python version 2.6, you probably need that
version. If you are starting a project from scratch, you
have the freedom to choose.
If you are learning to code in Python, we recommend you
download both the latest version of Python 2 and 3.
Working with Python 2 enables you to work on older
projects or test new projects for backward compatibility.
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Python Installation On Windows
Step 2: Download Python Executable Installer
1.Open your web browser and navigate to the
Downloads for Windows section of the
official Python website.
2.Search for your desired version of Python. At the time of
publishing this article, the latest Python 3 release is
version 3.7.3, while the latest Python 2 release is version
2.7.16.
3.Select a link to download either the Windows x86-64
executable installer or Windows x86 executable installer.
The download is approximately 25MB.
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Python Installation On Windows
Step 2: Download Python Executable Installer
1.Open your web browser and navigate to the
Downloads for Windows section of the
official Python website.
2.Search for your desired version of Python. At the time of
publishing this article, the latest Python 3 release is
version 3.7.3, while the latest Python 2 release is version
2.7.16.
3.Select a link to download either the Windows x86-64
executable installer or Windows x86 executable installer.
The download is approximately 25MB.
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Python Installation On Windows
Step 3: Run Executable Installer
1.Run the Python Installer once downloaded. (In this
example, we have downloaded Python 3.7.3.)
2.Make sure you select the Install launcher for all
users and Add Python 3.7 to PATH checkboxes.
3. Select Install Now – the recommended installation
options.
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Python Installation On Windows
Step 3: Run Executable Installer
1.Run the Python Installer once downloaded. (In this
example, we have downloaded Python 3.7.3.)
2.Make sure you select the Install launcher for all
users and Add Python 3.7 to PATH checkboxes.
3. Select Install Now – the recommended installation
options.
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Python Installation On Windows
Step 3: Verify Python Was Installed On Windows
https://phoenixnap.com/kb/how-to-install-python-3-windows
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Python Installation On Mac
On Mac, Python is automatically included
We can type Python statements and have them immediately
executed at the interactive prompt
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Install Package
Python does not come bundled with everything we need
The Python Package Index (PyPI for short) is a large repository of
Python packages
Install packages from this repository using a tool like pip at the
system prompt
pip install pandas
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Environment
Creating a working environment is time-consuming
Instead, we can download and install a Python distribution,
which provides a fully working Python environment that is ready
to use
Anaconda is the most complete Python distribution
It includes nearly 200 packages, which comprises NumPy, SciPy, pandas, Jupyter,
Matplotlib, Scikit-learn, and NLTK
Its base version is free, with add-ons that contain advanced features being charged
separately
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Environment
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Jupyter Notebook
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Lab Session 1
Take a screen shoot to show that you have successfully installed Python
Email me and I will record your credit
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Jupyter Notebook
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