[python] Pandas conditional creation of a series/dataframe column

If you're working with massive data, a memoized approach would be best:

# First create a dictionary of manually stored values
color_dict = {'Z':'red'}

# Second, build a dictionary of "other" values
color_dict_other = {x:'green' for x in df['Set'].unique() if x not in color_dict.keys()}

# Next, merge the two
color_dict.update(color_dict_other)

# Finally, map it to your column
df['color'] = df['Set'].map(color_dict)

This approach will be fastest when you have many repeated values. My general rule of thumb is to memoize when: data_size > 10**4 & n_distinct < data_size/4

E.x. Memoize in a case 10,000 rows with 2,500 or fewer distinct values.

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