Somenath Sit - AnalyticsKhoj

Article 2: Understanding Price Elasticity and Demand Forecasting

Leave a Comment / Pricing Analytics / By Somenath Sit / August 9, 2023

Introduction Understanding customer behaviour is vital for effective pricing strategies in today’s competitive business landscape. Price elasticity and demand forecasting are key elements in pricing analytics that help businesses make informed decisions. In this article, let’s look into these in-depth, unearthing their relevance and presenting practical examples to show how they impact price decisions for …

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R-square formula: What is it and how to use it?

Leave a Comment / Statistics / By Somenath Sit / July 30, 2023

If you are interested in learning about statistical models and how well they fit the data, you may have come across the term R-square. The R-square formula is a calculation that illustrates how much of the variance in the dependent variable can be accounted for by the model’s independent variables. It can assist you in …

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Article 1: Introduction of Pricing Analytics

Leave a Comment / Pricing Analytics, Case Study / By Somenath Sit / July 9, 2023

Why do we need “Pricing Analytics or Optimization”? When it comes to pricing their products and services in today’s highly competitive market, businesses confront several issues. These pricing decisions hold immense power as they directly influence a company’s revenue, profitability, market position, and overall success. To effectively address these challenges and make well-informed pricing decisions, …

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Voting problem using string operation

Leave a Comment / Python / By Somenath Sit / March 17, 2023

Here we will discuss about how do we write a program to find out which person voted for each radish preference using string operations For that we have a text file which we need to save in our computer and give path to python. You can download the input file from http://opentechschool.github.io/python-data-intro/files/radishsurvey.tx After that run this …

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Facebook Data Analysis using Rstudio – How to connect Facebook & R

Leave a Comment / Data Mining, R Programming / By Somenath Sit / September 17, 2022

Facebook is very famous, commonly used Social Media today. We can get huge data from here and do Text Mining and Sentiment Analysis. I also have thought of doing this. 🙂To create connection between Rstudio and Facebook, user should have :-1. facebook account2. registered with Facebook API (click on “register now” option on Facebook Developer)3. RFacebook …

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Load all csv files in one go : R-Code

Leave a Comment / R Programming / By Somenath Sit / May 17, 2022

magine one situation, we have bunch of datasets (probably 100 or more than that) now we have to load them in R for our analysis purpose. So what should be our approach? Will we invest an hour to load one by one, 100 times with read.csv? To make this manual and time consuming task just …

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Connecting R with SQL Server

Leave a Comment / R Programming / By Somenath Sit / April 17, 2022

This post states the steps to connect R studio with SQL Server, so that we can directly access tables and can do analysis on data stored in SQL Server. System Related Settings1. Go to Control panel of your system. 2. Click on Administrative tools 3. Select User dsn -> click on “add” -> “Sql server” …

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Missing Value imputation – advanced way

Leave a Comment / R Programming / By Somenath Sit / March 17, 2022

Missing value or junk value imputation with mean/median/mode is the very basic part of data cleaning , as these processes will give the accuracy up to a certain level. Also if mean/median/mode are applicable when our data is in some traditional format, but in most of the practical scenario it is not. If our data …

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File and string handling in Python

Leave a Comment / Python / By Somenath Sit / April 20, 2021

Every programming language should have the facility of file handling. At least basic open, close, read, and write file records. To access the file we have two options in python. One obviously to give the whole path in every file operations and another and the best one should be set your path of the files …

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IDE for Python

Leave a Comment / Python / By Somenath Sit / September 20, 2020

Those who are very much comfortable with R and try to learn python, first question come to their mind is which IDE is the best for python. As in R, R-studio is one and only giant in the market and which gives every possible option to explore (exceptfewdrawbacks), we want one best IDE which can …

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