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Predictive Analytics (BISY90016)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
Contact information
Overview
Availability(Quotas apply) | September |
---|---|
Fees | Look up fees |
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: 31 January 2024
Eligibility and requirements
Prerequisites
Pre-requisite
Code | Name | Teaching period | Credit Points |
---|---|---|---|
BUSA90480 | Leadership |
September (On Campus - Parkville)
April (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
April (On Campus - Parkville)
|
6.25 |
BUSA90481 | Managerial Ethics & Business Environment |
April (On Campus - Parkville)
June (On Campus - Parkville)
April (On Campus - Parkville)
September (On Campus - Parkville)
Summer Term (On Campus - Parkville)
|
6.25 |
BUSA90060 | Data Analysis |
January (On Campus - Parkville)
July (On Campus - Parkville)
September (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
BUSA90224 | Managing People |
April (On Campus - Parkville)
January (On Campus - Parkville)
September (On Campus - Parkville)
July (On Campus - Parkville)
|
12.5 |
BUSA90243 | Marketing |
September (On Campus - Parkville)
July (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
BUSA90093 | Finance |
September (On Campus - Parkville)
July (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
BUSA90193 | Managerial Economics |
September (On Campus - Parkville)
July (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
BUSA90001 | Financial Accounting |
September (On Campus - Parkville)
April (On Campus - Parkville)
July (On Campus - Parkville)
January (On Campus - Parkville)
|
12.5 |
Code | Name | Teaching period | Credit Points |
---|---|---|---|
BUSA90026 | Business Strategy |
April (On Campus - Parkville)
July (On Campus - Parkville)
April (On Campus - Parkville)
January (On Campus - Parkville)
|
12.5 |
BUSA90227 | Operations |
April (On Campus - Parkville)
April (On Campus - Parkville)
September (On Campus - Parkville)
July (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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Individual assignment
| Week 5 | 20% |
Syndicate assignment (equivalent to individual 1000 words assessment)
| Week 8 | 30% |
End-of-semester examination
| During the examination period | 50% |
Last updated: 31 January 2024
Quotas apply to this subject
Dates & times
- September
Mode of delivery On Campus (Parkville) Contact hours Total time commitment 150 hours Pre teaching start date 16 September 2024 Pre teaching requirements students are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period Teaching period 23 September 2024 to 29 November 2024 Last self-enrol date 14 July 2024 Census date 4 October 2024 Last date to withdraw without fail 8 November 2024 Assessment period ends 6 December 2024
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.
Last updated: 31 January 2024
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: 31 January 2024