Predictive Modelling in Business and Economics
  • Type Validation
  • Level Advanced
  • Time Hours
  • Cost Paid
Additional Details

Predictive Modelling in Business and Economics

Issued by Deakin University

Learners who have successfully completed this microcredential can identify and prepare data for predictive modelling. They can use their problem-solving skills to apply theories, frameworks and tools to choose the most appropriate model. They have also demonstrated an ability to use outputs from the predictive modelling to make business decisions and communicate this to senior management.

  • Type Validation
  • Level Advanced
  • Time Hours
  • Cost Paid
Additional Details

Skills

Earning Criteria

  • This earner’s identification was verified using Jumio, automated online ID verification. During the course the earner was an enrolled Deakin University student with the rights, responsibilities, access to resources and scrutiny of academic integrity required by this educational institution.
  • The earner passed a formal assessment business report for decision making. This comprised of analysis of a dataset, identifying the optimal predictive model and then deploying it to their business decision-making process.
  • Successfully completed this online course with learning activities and formal assessment typically requiring 50-75 hours.
  • This microcredential provides the earner with bankable credit (0.5 credit points) towards one or more specified post graduate degrees (award course) at Deakin University. The credit is redeemed on successful application to study the degree.
  • Learning outcomes:
  • Recognise predictive modelling opportunities and potential benefits in various business and economics domains
  • Pose an appropriate business and economics problem for predictive modelling and pre-process raw business data into a modelling-friendly format
  • Identify popular tree and ensemble-based predictive models and their comparative performance evaluation
  • Propose and evaluate practical predictive modelling-based solutions for a given business and economics problem using a state-of-the-art cloud-based technology platform

Standards

Australian Qualifications Framework
This microcredential aligns with AQF9 (Masters level) standard
European Credit Transfer and Accumulation System (ECTS)
ECTS 3.75 credits