Chat with us, powered by LiveChat Imagine your company has pulled you in on a non-traditional actuarial assignment to help the marketing team better understand the effectiveness of their marketing campaigns and predi - Writingforyou

Imagine your company has pulled you in on a non-traditional actuarial assignment to help the marketing team better understand the effectiveness of their marketing campaigns and predi

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Imagine your company has pulled you in on a non-traditional actuarial assignment to help the marketing team better understand the effectiveness of their marketing campaigns and predict how many people will sign up for your health insurance plans based on the company’s marketing efforts. The dataset (marketing.csv) you’ve been given contains information pertaining to marketing dollars spent on different media and the number of members sign-ups those marketing campaigns have generated.

There are 5 fields in this dataset:

  • TV      - is the amount of marketing dollars (in thousands) spent on TV advertising.
  • Internet      - is the amount of marketing dollars (in thousands) spent on online advertising.
  • Mailing      - is the amount of marketing dollars (in thousands) spend on advertising      via mail.
  • Members      - is the number of people who have signed up (in thousands) for health      insurance given the various marketing campaigns.
  • Region      - is the region of the United States that each marketing campaign was      focused on.

For this writing assignment, 

(1) Randomly split this dataset into two parts with the split ratio of 80:20. That is 80% of the dataset goes into the training set and 20% of the dataset goes into the testing set.

(2) With the training set, find the best model for predicting Members based on RMSE of your test data. That is the model with the lowest RMSE.

Write up all the procedures that you come up with your best model. Your writeup should include 4 parts: Introduction (Simply introduce the data and the goal of the project), Methods (the steps of you used to find the best model, necessary graphs should be included), Results (report your best model and the RMSE value you got, necessary graphs should be included), and Discussion (simply summarize the advantages of your model and the potential limitations). 

TV Internet Mailing Members Region
460.2 75.6 138.4 44.2 Central
89 78.6 90.2 20.8 South
34.4 91.8 138.6 18.6 Central
303 82.6 117 37 East
361.6 21.6 116.8 25.8 South
17.4 97.8 150 14.4 East
115 65.6 47 23.6 West
240.4 39.2 23.2 26.4 South
17.2 4.2 2 9.6 Central
399.6 5.2 42.4 21.2 South
132.2 11.6 48.4 17.2 South
429.4 48 8 34.8 South
47.6 70.2 131.8 18.4 West
195 15.2 14.4 19.4 Central
408.2 65.8 92 38 Central
390.8 95.4 105.8 44.8 Central
135.6 73.2 228 25 East
562.8 79.2 111.6 48.8 Central
138.4 41 36.6 22.6 West
294.6 47.8 38.2 29.2 West
436.8 55.4 106.8 36 West
474.8 10.2 47 25 Central
26.4 31.8 99.2 11.2 Central
456.6 33.8 52.4 31 Central
124.6 25.2 36.6 19.4 East
525.8 7 39 24 South
285.8 58.6 25.2 30 South
480.2 33.4 45.8 31.8 South
497.6 54.2 45.8 37.8 East
141.2 32 81.6 21 Central
585.8 56.6 86.4 42.8 South
225.8 34.8 77.2 23.8 South
194.4 3 60 19.2 Central
531.2 40 0.6 34.8 Central
191.4 2.8 14.8 19 South
581.4 8.2 17 25.6 Central
533.8 87.6 10 50.8 Central
149.4 98.8 91.4 29.4 West
86.2 53.4 70.2 20.2 Central
456 75.4 64 43 East
405 44.6 63.2 33.2 Central
354 66.8 77.4 34.2 East
587.2 55.4 3.6 41.4 Central
413.8 16.8 52.8 25.8 East
50.2 51.4 86.6 17 East
350.2 45 63 29.8 Central
179.4 19.8 71.4 21.2 Central
479.8 83 37 46.4 South
454.4 31.6 99.8 29.6 West
133.8 23.4 73.6 19.4 South
399.6 6.2 69.2 22.8 West
200.8 19.2 7.2 21.4 South
432.8 83.4 79.2 45.2 East
365.2 92.4 117.4 42.4 Central
525.4 57.6 31.8 40.4 South
397.8 98.8 120 47.4 Central
14.6 56.2 82.8 11 West
272.4 38.4 33.2 26.4 West
421.6 99.2 75.4 47.6 West
421.4 59 18.6 36.8 Central
107 4 42.8 16.2 East
522.6 85.4 109.4 48.4 South
478.6 31 54.6 31.4 South
205.4 59.2 16.8 28 South
262.2 85.6 57.8 36 West
138 18.6 1.8 18.6 West
63 49.2 4.4 19 East
278.6 29 20.4 26.8 West
474.8 55 22 37.8 West
433.6 87.8 54.4 44.6 South
398.2 61.2 77.4 36.6 East
219.6 28.6 63.4 24.8 East
53.6 66 38.6 17.6 West
258.8 11.4 62.6 22 West
426.8 49.2 26.2 34 South
33.8 87.4 178.8 17.4 West
55 3.2 41.4 13.8 Central
241 57 28.4 28.4 West
10.8 59.8 18.8 10.6 South
232 15.4 46.2 22 South
152.8 53.4 44.6 23.6 Central
479.6 8.2 73.8 24.6 West
150.6 40.6 65 22.6 East
136.8 89 71.2 27.2 West
427 86 67.6 43.4 East
386.4 36.8 131.4 30.4 South
152.6 55 32 24 East
221.4 81.2 126.4 32 South
176.6 51 146.8 25.8 Central
219.6 95.6 102.8 33.4 West
268.6 9.8 18.6 22.4 East
57.2 3 66 14.6 Central
435.4 67 118 38.8 East
501.8 73 144.6 44.4 South
214.8 28 21.8 23 South
326.6 63.2 105.8 33.8 Central
395.2 7 11.8 23.4 Central
369.8 42 44 31 Central
579.4 84.6 102.4 50.8 East
270.4 83.4 91.8 34.4 East
444.8 8.6 99.6 23.4 East
592.8 72.6 201.8 47.6 East
560.4 20.2 42.8 29.6 Central
375.8 34.4 35.8 29.4 Central
476.4 68.6 10.6 41.4 Central
275.8 92.8 118 38.4 East
50 22 59.4 14.4 West
180.8 0.6 46.4 17.4 Central
26.2 0.8 51.2 10.6 South
510.8 53.8 11 39.6 East
451.6 16.4 113 26.8 South
483.4 76 46.4 43.6 West
351.4 30.8 4.8 28.2 West
419.2 41.2 21.4 31.8 West
156.4 93.6 69 29.2 West
150.2 70 105.4 25.2 Central
278.4 28.6 51.2 24.4 West
152.8 1.6 29.6 18.8 West
251.4 73.8 158.4 31.8 East
38.8 32 44.6 13.2 Central
282.6 53.6 92.4 31 East
37.6 43.4 100.8 14 South
448 4.8 31.2 23.2 Central
246.2 69.2 24.8 30.4 South
459 64.6 148.4 39.4 Central
174.4 23.6 51.8 21.2 South
15.6 77.8 101.2 13.2 Central
160.4 0 18.4 17.6 Central
440.6 98 6.4 49.4 South
119.2 24 86.2 19.4 South
1.4 79.2 17.4 3.2 Central
530.4 5.8 86 25.4 South
16.8 54.4 4.2 11.4 South
439.6 67 90.2 39.2 West
73.8 77.2 131.2 21.6 East
96.6 94 17 23.2 Central
51.2 78 18.6 19 West
547.4 57.8 119.4 41.6 Central
86 51.8 41 19.2 East
369.8 87.8 3.4 41.4 South
146.8 34 25.8 21.8 Central
387.4 70.8 151.2 38.4 West
441 66.4 75.8 40.2 West
209.2 11.4 68.8 20.8 East
192.4 29.6 77.8 22.8 West
280.6 3.8 18 20.6 East
480.2 14.6 17.4 26.4 East
486.4 98 88.6 50.8 East
76 80.6 23.8 21.8 West
89.4 51.6 41.2 20.2 South
561.4 27.8 74 32.2 West
242 16.8 97.4 23.2 Central
395.2 46.6 28.4 33.2 West
342.6 79.4 75.4 38 South
375.6 42.2 19 31.2 Central
8.2 23.2 11.4 6.4 East
187.8 87 101 30.6 Central
299.6 2.6 48.6 20.2 West
23.4 73.8 90.4 14.6 Central
263.4 36.8 69.2 25.8 East
345 36.2 61.4 28.8 Central
171.4 71.6 98.6 26.6 South
376.8 36.2 51.2 29.8 Central
327 73.6 14.8 36 Central
234.4 29.4 10.8 23.8 West
469 6.8 169.6 23.8 Central
35.8 75.2 43.2 16 Central
413.6 10.4 38.8 24.4 South
430.8 47.2 115.2 34.2 West
568.6 21.2 12.8 30 South