Predictive, Prescriptive Analytics for Decision Making
Predictive, Prescriptive Analytics for Decision Making, available at $49.99, has an average rating of 3.85, with 44 lectures, 7 quizzes, based on 41 reviews, and has 305 subscribers.
You will learn about Understand the difference between Cross sectional and Longitudinal data Differentiate between a prediction and forecasting problem scenario and apply these concepts towards data led decision making. Understand Parametric and Non Parametric modelling approach towards addressing the key tradeoff between Predictive accuracy and Explain- ability of models. Use LPP towards building multiple “What if “ scenarios which are widely used in business decision making. Conceptualize Gradient Descent Algorithm which is a key foundation for most of the widely used Machine learning algorithms to be introduced subsequently. This course is ideal for individuals who are Individuals seeking a career in Product Management or Professionals aiming to transition into Product Management or Product Managers looking to enhance their skillset or Entrepreneurs or Software and IT Professionals or Project Managers or Business Analysts or Math/Statistics/Programming background preferred Typical roles It is particularly useful for Individuals seeking a career in Product Management or Professionals aiming to transition into Product Management or Product Managers looking to enhance their skillset or Entrepreneurs or Software and IT Professionals or Project Managers or Business Analysts or Math/Statistics/Programming background preferred Typical roles.
Enroll now: Predictive, Prescriptive Analytics for Decision Making
Summary
Title: Predictive, Prescriptive Analytics for Decision Making
Price: $49.99
Average Rating: 3.85
Number of Lectures: 44
Number of Quizzes: 7
Number of Published Lectures: 44
Number of Published Quizzes: 7
Number of Curriculum Items: 51
Number of Published Curriculum Objects: 51
Original Price: $29.99
Quality Status: approved
Status: Live
What You Will Learn
- Understand the difference between Cross sectional and Longitudinal data
- Differentiate between a prediction and forecasting problem scenario and apply these concepts towards data led decision making.
- Understand Parametric and Non Parametric modelling approach towards addressing the key tradeoff between Predictive accuracy and Explain- ability of models.
- Use LPP towards building multiple “What if “ scenarios which are widely used in business decision making.
- Conceptualize Gradient Descent Algorithm which is a key foundation for most of the widely used Machine learning algorithms to be introduced subsequently.
Who Should Attend
- Individuals seeking a career in Product Management
- Professionals aiming to transition into Product Management
- Product Managers looking to enhance their skillset
- Entrepreneurs
- Software and IT Professionals
- Project Managers
- Business Analysts
- Math/Statistics/Programming background preferred Typical roles
Target Audiences
- Individuals seeking a career in Product Management
- Professionals aiming to transition into Product Management
- Product Managers looking to enhance their skillset
- Entrepreneurs
- Software and IT Professionals
- Project Managers
- Business Analysts
- Math/Statistics/Programming background preferred Typical roles
PREDICTIVE, PRESCRIPTIVE ANALYTICS FOR BUSINESS DECISION MAKING
LEARN HOW TO BUILD PREDICTIVE AND PRESCRIPTIVE MODELS USING NUMERICAL DATA
Prescriptive analytics can cut through the clutter of immediate uncertainty and changing conditions. It can help prevent fraud, limit risk, increase efficiency, meet business goals, and create more loyal customers.
Prescriptive analytics is a type of data analytics—the use of technology to help businesses make better decisions through the analysis of raw data. Specifically, prescriptive analytics factors information about possible situations or scenarios, available resources, past performance, and current performance, and suggests a course of action or strategy. It can be used to make decisions on any time horizon, from immediate to long term.
What will you Learn?
-
Understand the difference between Cross sectional and Longitudinal data.
-
Differentiate between a prediction and forecasting problem scenario and apply these concepts towards data led decision making.
-
Understand Parametric and Non Parametric modelling approach towards addressing the key tradeoff between Predictive accuracy and Explain- ability of models.
-
Use LPP towards building multiple “What if “ scenarios which are widely used in business decision making.
-
Conceptualize Gradient Descent Algorithm which is a key foundation for most of the widely used Machine learning algorithms to be introduced subsequently.
Top skills you will learn
-
Develop predictive and prescriptive models using numerical data
-
Time-series Forecasting
-
Optimization through Linear Programming
-
Gradient Descent and it’s applicability in Machine Learning
-
Framework towards business decisions
Ideal For
1 – 8 yrs work experience.- Engineering, Math/Statistics/Programming background preferred
Typical roles: Domain experts, Engineers, Software and IT Professionals, Project
Managers, Business Analysts, Consultants, Entrepreneurs.
Engineers with over 5 years of experience
Course Curriculum
Chapter 1: Chapter 1 – Overview of Predictive Analytics
Lecture 1: Overview, Models & Modelling
Lecture 2: Recap -Key libraries
Lecture 3: Understanding cross sectional and longitudinal data
Chapter 2: Chapter 2 – Simple Linear Regression and Multiple Linear Regression
Lecture 1: Regression Fundamentals
Lecture 2: The linear regression equation
Lecture 3: Linear Regression explained
Lecture 4: Linear Regression with independent variable
Lecture 5: Interpreting R -Squared
Lecture 6: Evaluating Model Performance
Lecture 7: Key assumptions of Linear Regression
Lecture 8: Residual Analysis
Lecture 9: Statistical tests to validate assumptions
Lecture 10: Correlation and Casuation
Lecture 11: Heat map and Scatter plots
Lecture 12: Multiple Linear Regression use case
Lecture 13: Interpreting regression outputs
Lecture 14: Regression use cases
Chapter 3: Chapter 3 – Time Series Forecasting
Lecture 1: Time Series Fundamentals
Lecture 2: Visualizing time series data using plots
Lecture 3: Components of Time series
Lecture 4: Stationary time series
Lecture 5: Forecasting fundamentals
Lecture 6: Forecasting techniques
Lecture 7: Forecasting techniques : Exponential Smoothing
Lecture 8: Forecasting techniques : Holt’s method
Lecture 9: Forecasting techniques : Holt’s Winter method
Lecture 10: Forecasting techniques : ACF & PACF
Lecture 11: Forecasting techniques : ARIMA
Lecture 12: Forecasting techniques : ARIMA models in Python
Lecture 13: Applications of Time Series
Chapter 4: Chapter 4 – Prescriptive Analytics -Gradient Descent
Lecture 1: Introduction to Prescriptive Analytics
Lecture 2: Gradient Descent (& code)
Lecture 3: Gradient descent fundamentals
Lecture 4: Stochastic Gradient descent regression
Chapter 5: Chapter 5-Prescriptive Analytics-Linear Programming Problems
Lecture 1: Linear Programming fundamentals
Lecture 2: Components of LPP
Lecture 3: Formulating the LPP model
Lecture 4: Solving linear models-Graphical method
Lecture 5: Solving linear models -Simplex method
Lecture 6: Assumptions of LPP
Lecture 7: Business applications of LPP
Chapter 6: Chapter 6 -Business Decisions I
Lecture 1: Parametric & Non Parametric Methods -Model building
Lecture 2: Tradeoffs -Accuracy vs Explainability
Chapter 7: Chapter 7 -Business Decisions ..II
Lecture 1: Framework to choose the right model to address business problems
Instructors
-
Institute of Product Leadership
The Premier B-School for Product Leadership
Rating Distribution
- 1 stars: 4 votes
- 2 stars: 1 votes
- 3 stars: 7 votes
- 4 stars: 11 votes
- 5 stars: 18 votes
Frequently Asked Questions
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