Predictive Analytics (BISY90016)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability(Quotas apply)
September
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Predicting key business variables has become increasingly important, as it drives both objective decision-making and improved profitability within organisations. This subject covers the main methods used to predict business variables, based on historical data. These include traditional regression, time series analysis, forecasting models, survival analysis, data mining, support vector machines and sentiment analysis.  Throughout the subject, the focus will be on understanding how these methods are applied in various business problems, and identifying which predictive approach is the most appropriate to use, given a specific context.  The importance of benchmarking different methodologies, as well as the use of prediction in decision-making frameworks, will also be emphasised.

Intended learning outcomes

On completion of this subject, students should be able to:

  • Understand a wide range of models and methodologies relevant to predicting business outcomes.
  • Apply appropriate modelling skills to business contexts such as resource allocation, product development and consumer behaviour.
  • Develop forecasting techniques to identify potentially attractive market and investment opportunities.
  • Translate forecasting outputs into insights that form the basis of recommendations addressing relevant business problems.
  • Determine which metrics to use in critiquing and comparing competing predictive methodologies.
  • Identify what additional data would be required to create more robust prediction models, given a certain business context

Last updated: 4 March 2025

Eligibility and requirements

Prerequisites

Pre-requisite

Code Name Teaching period Credit Points
BUSA90480 Leadership
Summer Term (On Campus - Parkville)
March (On Campus - Parkville)
March (On Campus - Parkville)
September (On Campus - Parkville)
June (On Campus - Parkville)
 6.25
BUSA90481 Managerial Ethics & Business Environment
September (On Campus - Parkville)
March (On Campus - Parkville)
April (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
 6.25
BUSA90060 Data Analysis
September (On Campus - Parkville)
April (On Campus - Parkville)
January (On Campus - Parkville)
June (On Campus - Parkville)
 12.5
BUSA90224 Managing People
July (On Campus - Parkville)
January (On Campus - Parkville)
September (On Campus - Parkville)
April (On Campus - Parkville)
 12.5
BUSA90243 Marketing
September (On Campus - Parkville)
April (On Campus - Parkville)
January (On Campus - Parkville)
June (On Campus - Parkville)
 12.5
BUSA90093 Finance
June (On Campus - Parkville)
September (On Campus - Parkville)
April (On Campus - Parkville)
January (On Campus - Parkville)
 12.5
BUSA90193 Managerial Economics
June (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
September (On Campus - Parkville)
 12.5
BUSA90001 Financial Accounting
April (On Campus - Parkville)
January (On Campus - Parkville)
June (On Campus - Parkville)
September (On Campus - Parkville)
 12.5

Code Name Teaching period Credit Points
BUSA90026 Business Strategy
June (On Campus - Parkville)
April (On Campus - Parkville)
April (On Campus - Parkville)
January (On Campus - Parkville)
 12.5
BUSA90227 Operations
January (On Campus - Parkville)
April (On Campus - Parkville)
September (On Campus - Parkville)
April (On Campus - Parkville)
June (On Campus - Parkville)
 12.5

Note: BUSA90026 and BUSA90227 are concurrent pre-requisite and may be done concurrently with the subject.

Corequisites

None

Non-allowed subjects

None

Inherent requirements (core participation requirements)

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Last updated: 4 March 2025

Assessment

DescriptionTimingPercentage

Individual assignment

  • 1000 words
Week 520%

Syndicate assignment (equivalent to individual 1000 words assessment)

  • 1000 words (each)
Week 830%

End-of-semester examination

  • 3 hours
Hurdle requirement: Students are required to pass the exam to pass the subject		During the examination period50%

Last updated: 4 March 2025

Quotas apply to this subject

Dates & times

  • September
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment150 hours
    Pre teaching start date15 September 2025
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period22 September 2025 to 30 November 2025
    Last self-enrol date13 July 2025
    Census date 3 October 2025
    Last date to withdraw without fail 7 November 2025
    Assessment period ends 5 December 2025

What do these dates mean

Visit this webpage to find out about these key dates, including how they impact on:

  • Your tuition fees, academic transcript and statements.
  • And for Commonwealth Supported students, your:
       -  Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
     

    Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.

Additional delivery details

This subject has a quota of 80 students. Students will be selected on a first come, first serve basis. However if any student is approaching their completion date, they will get priority in enrolment.

Last updated: 4 March 2025

Further information

  • Texts

    Prescribed texts

    There are no specifically prescribed or recommended texts for this subject.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 4 March 2025