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Predictive Analytics Project Ideation

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Predictive Analytics Project Ideation

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Gain insight into a topic and learn the fundamentals.
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Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

Build your subject-matter expertise

This course is part of the Analytics Project Ideation Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 5 modules in this course

Predictive analytics turns data into a crystal ball, empowering your organization to anticipate trends, seize opportunities, and stay ahead of the curve with every decision. In this course, we will begin with an overview of predictive analytics models, such as decision trees, kNN, and neural networks, and explore their business applications. Following this, we will examine a case study about customer churn to learn how to use a design sprint framework for brainstorming a predictive analytics project plan.

Learning objectives: - Examine how predictive analytics principles can be applied to address business challenges. - Examine advanced ML/AI models for predictive analytics - Analyze business context and construct an issue tree for a predictive analytics project - Select a solution approach and define a predictive modeling project

What's included

3 videos

3 videosβ€’Total 23 minutes
  • Introduction to Analytics Project Ideation Specialization Overviewβ€’11 minutes
  • Personal Introductionβ€’8 minutes
  • Course Overviewβ€’4 minutes

This module explores various machine learning techniques for predictive analytics, such as decision trees and k-nearest neighbors. Students will discover how predictive models leverage historical data and machine learning algorithms to anticipate future outcomes and trends, aiding businesses in making well-informed decisions.

What's included

9 videos2 assignments

9 videosβ€’Total 86 minutes
  • Course 2 Module 1 Overview Videoβ€’2 minutes
  • Introduction to Predictive Modelingβ€’11 minutes
  • Examples of Prediction Questionsβ€’7 minutes
  • Expert Interview: Predictive Analyticsβ€’8 minutes
  • SCQ Analysis (Use Case: Bank Loan)β€’10 minutes
  • Classification Example (Tree)β€’10 minutes
  • Prediction Process Overview (Building and Evaluating Models)β€’14 minutes
  • Basic Ideas – K-NNβ€’12 minutes
  • Decision Treesβ€’13 minutes
2 assignmentsβ€’Total 120 minutes
  • Practice Examβ€’60 minutes
  • Graded Examβ€’60 minutes

Advanced Topics in Predictive Modeling cover sophisticated techniques such as ensemble methods, deep learning, and model interpretability, enabling practitioners to tackle complex data challenges and interpret the performance of their predictions. It also provides overview of methods for numeric prediction, such as regression analysis, and time series forecasting.

What's included

9 videos1 reading2 assignments

9 videosβ€’Total 88 minutes
  • Course 2 Module 2 Overview Videoβ€’3 minutes
  • Random Forestβ€’11 minutes
  • Understanding Classification Boundariesβ€’12 minutes
  • Explainability vs Performanceβ€’15 minutes
  • Regression Analysisβ€’10 minutes
  • Time Series Forecastingβ€’10 minutes
  • Accuracy of Classification Modelsβ€’10 minutes
  • Other Metrics for Classification Modelsβ€’11 minutes
  • Building β€œGood” Predictive Modelsβ€’7 minutes
1 readingβ€’Total 10 minutes
  • What is Predictive Analytics? Transforming Data into Future Insightsβ€’10 minutes
2 assignmentsβ€’Total 120 minutes
  • Practice Examβ€’60 minutes
  • Graded Examβ€’60 minutes

This module demonstrates how to organize a design sprint for ideating predictive modeling projects with team members. The process starts with brainstorming sessions focused on a customer churn problem for a company, breaking it down into clear, actionable data analytics questions using Situation-Complication-Question (SCQ) analysis. These questions are then prioritized and structured using an issue tree, ensuring a systematic approach to problem-solving and highlighting the most critical areas for data-driven insights.

What's included

10 videos2 assignments

10 videosβ€’Total 59 minutes
  • Course 2 Module 3 Overview Videoβ€’2 minutes
  • Understand the Business Processesβ€’6 minutes
  • Identifying Business Needsβ€’6 minutes
  • Prioritizing Needs – PICK Charts/Votingβ€’14 minutes
  • Introduction to Situationβ€’3 minutes
  • Introduction to Challenges & Questionβ€’3 minutes
  • Thinking About Data Sourcesβ€’4 minutes
  • Breaking Down into Subproblems – HMWsβ€’9 minutes
  • Identifying Common Themesβ€’7 minutes
  • Constructing an Issue Treeβ€’5 minutes
2 assignmentsβ€’Total 120 minutes
  • Practice Examβ€’60 minutes
  • Graded Examβ€’60 minutes

This module covers the creation of outcome sketches and results mapping for predictive modeling projects. It includes industry expert interviews, dashboard mock-ups, and methods for mapping questions to analytics models. The module concludes with a final project plan review and an assignment on predictive quality control and maintenance.

What's included

7 videos2 assignments

7 videosβ€’Total 40 minutes
  • Course 2 Module 4 Overview Videoβ€’3 minutes
  • Industry Expert Interview (Churn Dashboard)β€’5 minutes
  • Creating Mock-ups of Dashboardsβ€’6 minutes
  • Mapping Methods to Questionsβ€’9 minutes
  • Considerations for Analytics Model Choiceβ€’7 minutes
  • Final Project Plan Reviewβ€’5 minutes
  • Predictive Quality Control & Maintenanceβ€’5 minutes
2 assignmentsβ€’Total 120 minutes
  • Practice Examβ€’60 minutes
  • Graded Examβ€’60 minutes

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Instructor

University of Minnesota
11 Coursesβ€’54,427 learners

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