This course provides actionable guidance on optimizing the use of data to add value and drive better business decisions. Combining theoretical and technical insights into daily operations and long-term strategy, this course acts as a development manual for practitioners who seek to conceive, develop, and manage advanced analytical models. Detailed discussion delves into the wide range of analytical approaches and modeling techniques that can help maximize business payoff, and the instructor team draws upon their recent research to share deep insights about optimal strategy. Real-life case studies and examples illustrate these techniques at work, and provide clear guidance for implementation in your own organization. From step-by-step instruction on data handling, to analytical fine-tuning, to evaluating results, this course provides invaluable guidance for practitioners seeking to reap the advantages of true profit-driven business analytics.
Learn How Todevelop profit-driven descriptive analytics models develop profit-driven predictive analytics models evaluate profit-driven analytics models develop and evaluate uplift models understand the economic impact of analytics.
Who Should Attend
Data scientists, business analysts, senior data analysts, quantitative analysts, data miners, senior CRM analysts, marketing analysts, risk analysts, analytical model developers, online marketers, and marketing modelers in the following industries: banking and finance, insurance, Telco, online retailers, advertising, Pharma
Before attending this course, you should know how to do the following:;develop predictive models using linear regression, logistic regression, and decision trees evaluate predictive models using a confusion matrix, receiver operating characteristic (ROC) curve, and lift curve develop descriptive analytics models using hierarchical and k-means clustering develop descriptive analytics models using association and sequence rules.;Prior knowledge of SAS is helpful but not necessary.
Introductionprofit-driven business analytics introduction to profit-driven descriptive analytics introduction to profit-driven predictive analytics introduction to uplift modeling introduction to profit-driven evaluation the business analytics process modelProfit-Driven Descriptive Analyticsprofit-driven segmentation profit-driven association rulesProfit-Driven Predictive Analyticscost matrix -profit-driven decision making with cost-insensitive models: threshold setting profit-driven predictive analytics framework: pre-training, during-training, post-training methods pre-training methods: sampling and weighting during-training methods: cost-sensitive logistic regression and cost-sensitive decision trees post-training methods: threshold tuning and MetaCost hybrid methods cost-sensitive regression: BSZ tuning self-study: profit driven ensemble methods Uplift Modelinguplift modeling versus response modeling modeling approaches evaluation of uplift models self-study: ensemblesProfit-Driven Evaluationtotal profit, average profit H-measure ROCIV - AUCIV maximum profit (MP) expected maximum profit (EMP) regression modelsEconomic Impacteconomic value of big data and analytics key economic considerations improving ROI of big data and analytics conclusions