Predictive Analytics
Decision makers often struggle with questions such as: What should be the right price for a product? Which customer is likely to default in his/her loan repayment? Which products should be recommended to an existing customer? Finding right answers to these questions can be challenging yet rewarding.
Predictive analytics is emerging as a competitive strategy across many business sectors and can set apart high performing companies. It aims to predict the probability of the occurrence of a future event such as customer churn, loan defaults, and stock market fluctuations – leading to effective business management.
Models such as multiple linear regression, logistic regression, auto-regressive integrated moving average (ARIMA), decision trees, and neural networks are frequently used in solving predictive analytics problems. Regression models help us understand the relationships among these variables and how their relationships can be exploited to make decisions.
This course is suitable for students/practitioners interested in improving their knowledge in the field of predictive analytics. The course will also prepare the learner for a career in the field of data analytics. If you are in the quest for the right competitive strategy to make companies successful, then join us to master the tools of predictive analytics.
What you'll learn
- Understand how to use predictive analytics tools to analyze real-life business problems.
- Demonstrate case-based practical problems using predictive analytics techniques to interpret model outputs.
- Learn regression, logistic regression, and forecasting using software tools such as MS Excel, SPSS, and SAS.
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Rating | Not enough ratings |
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Length | 7 weeks |
Effort | 7 weeks, 4–5 hours per week |
Starts | On Demand (Start anytime) |
Cost | $99 |
From | Indian Institute of Management, Bangalore, IIMBx, Indian Institute of Management Bangalore via edX |
Instructor | Dinesh Kumar |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business Data Science |
Tags | Business & Management Data Analysis & Statistics |
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Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile.
APA (Advanced Predictive Analytics ) $58k
Predictive Model and Pricing Tool Analyst $62k
Predictive Analyst $66k
Data Scientist - Predictive Modeling and Advanced Analytics $77k
Data Scientist - Predictive Analytics $79k
Predictive Maintenance Technician (PdM) Lead $83k
Predictive Maintenance Technician $85k
Global Analytics $89k
V.P. Analytics $89k
Pricing & Predictive Modeler $94k
Senior UX Designer, Predictive Intelligence $111k
Product Analytics $116k
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Rating | Not enough ratings |
---|---|
Length | 7 weeks |
Effort | 7 weeks, 4–5 hours per week |
Starts | On Demand (Start anytime) |
Cost | $99 |
From | Indian Institute of Management, Bangalore, IIMBx, Indian Institute of Management Bangalore via edX |
Instructor | Dinesh Kumar |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business Data Science |
Tags | Business & Management Data Analysis & Statistics |
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