Using cut() and qcut() for Binning Data
📖 Scenario: You work in a retail company. You have sales data for different products. You want to group the sales amounts into categories to understand sales distribution better.
🎯 Goal: Learn how to use cut() and qcut() from pandas to divide sales data into bins based on fixed ranges and quantiles.
📋 What You'll Learn
Create a pandas Series with sales data
Create a variable for bin edges for fixed binning
Use
pd.cut() to bin sales into fixed rangesUse
pd.qcut() to bin sales into quantilesPrint the binned results
💡 Why This Matters
🌍 Real World
Binning sales data helps businesses understand sales distribution and customer segments better.
💼 Career
Data analysts and scientists often use binning to prepare data for reports, visualizations, and machine learning.
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