Example: Used car purchases In this example we are going to analyze used car prices with real data extracted from eBay classifieds. The following problem can occur: Real data contains wrong data Example: 100.000hp car Car with a price of 100 million euros This data would distort our model We have to remove it First […]
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Linear Regression
Linear Regression intuition Linear regression is pretty simple. The idea is that if we have measurements, we will draw a line through them. This enables us to use this line to predict values, for example. Imagine you want to move. You are currently looking for an apartment and do not know how much your new […]
Is your company already Omnichannel enough?
First things first: Omnichannel Marketing aims to make a customer’s life as easy as possible. More precisely, it’s about creating a 360-degree customer experience – online on all digital devices and offline at the point of sale. But what exactly is Omnichannel all about and what’s the difference to Multi-, and Crosschannel? Imagine the following […]