Postgraduate Course: Predictive Analytics and Modelling of Data (CMSE11357)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | This is a option course for the MSc in Business Analytics programme. The course will provide students with the foundations of predictive analytics to respond to the job market needs and shall cover concepts, applications, modelling/prediction and analysis techniques. |
| Course description |
This course aims at training students in the field of predictive analytics to respond to the job market needs using a variety of methodologies. Students' journey shall be a quest to distinguish the "true" signal from a universe of "noise" through the lenses of predictive analytics. To be more specific, this course covers the typical methodological steps of a prediction exercise, statistical modelling, probabilistic modelling, stochastic modelling, and artificial intelligence methodologies for prediction of both continuous and discrete variables with applications in business and economics. It also covers practical issues in predictive analytics and how to address them.
The objective of this course is to enhance students¿ understanding of the importance of adopting a series of sound methodological steps in a prediction exercise and to provide them with an artillery of modelling and prediction techniques along with hands-on experience in using them. The course provides opportunities for students to learn from each other, from practitioners in the field, and from the latest theoretical and applied research in the field. The course will require students to work in groups on realistic projects in different business settings involving prediction of continuous and discrete variables, and to present their work to the rest of the class and to an external panel when the projects are supplied by industry.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
| Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Discuss the concept and methods of prediction analytics using the proper terminology
- Identify and properly state research problems related to prediction analytics in different business settings
- Critically discuss alternative prediction approaches and methods, and choose the right prediction models for a prediction exercise, implement them, and prepare forecasts
- Formulate managerial guidelines and make recommendations
- Communicate forecasts effectively and efficiently to a critical audience
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | BA-PAMD |
Contacts
| Course organiser | Dr Matthias Bogaert
Tel:
Email: Matthias.Bogaert@ed.ac.uk |
Course secretary | Miss Lauren Millson
Tel: (0131 6)51 3013
Email: Lauren.Millson@ed.ac.uk |
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