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Predictive-Analysis-using-Linear-Regression

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7 views10 pages

Predictive-Analysis-using-Linear-Regression

Uploaded by

sanjaykumartfguil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Predictive

Analysis using
Linear
Regression
In this presentation, we will explore how linear regression can be used
to predict wine quality and forecast customer demand based on
insightful datasets.

by Sanjay Kumar
Introduction
Predictive Modeling Linear Regression Insights & Optimization
Leveraging historical data to A powerful statistical technique to Extracting meaningful insights to
forecast future trends and make uncover linear relationships in improve business operations and
informed decisions. data. performance.
Datasets
Wine Quality Wholesale Customers Daily Demand

A dataset containing chemical A dataset with information about A dataset tracking the daily demand
properties and quality ratings of various wholesale customers and for a particular product or service.
different wines. their purchasing habits.
Data Preprocessing and Feature Selection
Feature Selection
Data Cleaning
Identifying the most important variables to include in the linear
Handling missing values, outliers, and inconsistencies in the data. regression model.

1 2 3

Feature Engineering
Deriving new features from the existing data to improve model
performance.
Linear Regression Modeling
1 Formulating the 2 Training the Model
Model
Iteratively adjusting the
Defining the dependent model parameters to
and independent variables minimize the prediction
for the linear regression error.
analysis.

3 Evaluating Performance
Assessing the model's accuracy, goodness-of-fit, and statistical
significance.
Insights on Wine Quality

Acidity
Identified as a key factor influencing wine quality.

Alcohol Content
Higher alcohol levels generally associated with better wine quality.

Balanced Composition
The right balance of various chemical properties is crucial for high-quality wines.
Insights on Customer Behavior

Purchasing Patterns Segmentation Churn Analysis


Identified recurring customer Grouped customers based on Pinpointed factors contributing to
buying behaviors and trends. similarities in their purchasing customer attrition and loyalty.
habits.
Insights on Demand Trends
Seasonal Fluctuations Identified recurring patterns in
demand based on the time of
year.

Market Responsiveness Observed how demand


changed in response to
external events and market
conditions.
Forecasting Accuracy Evaluated the model's ability
to accurately predict future
demand.
Results and Visualizations

Wine Quality Model Customer Segmentation Demand Forecasting


Visualizing the linear relationship Grouping customers based on their Projecting future product demand
between wine properties and quality purchasing behavior and based on the linear regression model.
ratings. characteristics.
Conclusion and Future
Improvements
1 Key Findings 2 Practical Applications
Summarized the main Discussed how the insights
insights and predictions can be leveraged to
derived from the linear optimize business
regression analysis. operations and decision-
making.

3 Future Enhancements
Identified potential improvements, such as incorporating
additional data sources and advanced modeling techniques.

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