Predictive Analytics with R

BUS459 Predictive Analytics with R

  • Topics

    Topics

    • Linear regression and classification
    • Resampling methods
    • Model selection
    • Non-linear models
    • Tree-based methods
    • Unsupervised learning

  • Learning outcome

    Learning outcome

    This course is an introduction to statistical learning and its application to help making economic decisions. Statistical learning is the science of extracting important patterns from data, patterns that can inform a decision maker. Particularly, the course focuses on predictive analytics, the activity of predicting future events or predicting an unobserved property of an individual, a company or some other unit. The course will contain applications on business data. The students will work on those using the statistical software R. Examples of applications are statistical fraud detection and market basket analysis.

    After completing the course the students should know the central ideas of statistical learning and predictive analytics and have: 

    the practical skills to

    • implement the most common techniques to real-world prediction problems in R
    • evaluate predictions and deal with the problem of overfitting
    • appropriately choose between a set of statistical learning methods for a given problem

    and the knowledge to

    • formulate a research problem for a master thesis
    • structure a master thesis
    • understand the ethical issues in collecting and interpreting research data

  • Teaching

    Teaching

    Lectures combined with computer labs.

  • Recommended prerequisites

    Recommended prerequisites

    Basic skills in statistical inference. Basic skills in R.

  • Assessment

    Assessment

    The final grade will be based on two written group project reports, resulting in one grade. The members of the group must therefore be the same on both projects. The groups should consist of 2, 3 or 4 students.

  • Grading Scale

    Grading Scale

    A-F

  • Computer tools

    Computer tools

    R

  • Semester

    Semester

    Spring

  • Literature

    Literature

    James, Witten, Hastie and Tibshirani (2013) "An introduction to statistical learning with applications in R".

Overview

ECTS Credits
7.5
Teaching language
English
Semester
Spring

Course responsible

 Professor Jonas Andersson, Department of Business and Management Science