Overview

The Forecasting and Predictive Analytics Certificate will teach you fundamental techniques used for predictive analytics: regression, classification, clustering, optimisation, and simulation. Beginning with basic models for revealing and establishing relationships, you will learn to apply increasingly sophisticated modeling techniques for practical data analysis, as well as commonly encountered problems so you can determine the fit and usefulness for prediction of your models, and apply them to typical business problems.

As you develop your understanding of applied predictive analytics, you will learn how to perform basic forecasting using time-based data to predict future values from a model. You will also learn how to model and calculate scenarios based on distance and space. You will get practice with classification, including naive Bayesian classification; create basic decision trees; and use various techniques for clustering and linear optimisation to solve common business problems; as well as learn techniques for assessing the effectiveness of your solutions.

Learning Outcomes

  • Identify the different techniques of predictive analytics: regression, classification, clustering, optimisation, and simulation
  • Calculate varying types of regressions using R and Excel
  • Apply classification and clustering algorithms
  • Apply business process optimisation to problems by identifying goals and constraints
  • Analyse the various probabilities of outcomes by applying Monte Carlo simulation
  • Calculate performance of predictive analytic algorithms
These outcomes are achieved through the discussion of the following topics:
  • Predictive analytics techniques
  • Forecasting with data models
  • Finding relationships in data
  • Bivariate and multivariate linear regression
  • KNN classification
  • Clustering
  • Decision trees
  • Training models

Level: Intermediate

Who Should Attend

  • Accounting and finance professionals, especially those interested in learning and applying data analysis techniques to help their organisations make informed, data-driven decisions

Note: On completion of this certificate you will receive a digital badge to share with your online professional network, which is available as a downloadable PDF certificate suitable for printing and framing.