Predictive Analytics 1 – Machine Learning Tools with R

Predictive Analytics 1 – Machine Learning Tools with R

This course introduces to the basic concepts in predictive analytics, with a focus on R, to visualize and explore data that account for most business applications of predictive modeling: classification and prediction.

This course introduces to the basic predictive modeling paradigm: classification and prediction.

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Overview

In this course you will be introduced to basic concepts in predictive analytics, also called predictive modeling, the most prevalent form of data mining. You will cover two core paradigms that account for most business applications of predictive modeling: classification and prediction. You will also study commonly used machine learning techniques and learn how to combine models to obtain optimal results. This course includes hands-on work with R, a free software environment with statistical computing capabilities.
ACE + CAP Credit Eligible
ACE + CAP Credit Eligible
Expert Instructors
Teacher Assistant Support

Learning Outcomes

At the conclusion of this course you will be able to visualize and explore data, provide an assessment basis for predictive models, and choose appropriate performance measures. You will become familiar with common algorithms including k-nearest-neighbor, Naive Bayes, Classification and Regression Trees, as well as ensemble models.

  • Visualize and explore data to better understand relationships among variables
  • Organize the predictive modeling task and data flow
  • Develop machine learning models with the KNN, Naive Bayes and CART algorithms using R
  • Assess the performance of these models with holdout data
  • Apply predictive models to generate predictions for new data
  • Use various R packages to implement the models in the course

Who Should Take This Course

Marketing and IT managers, financial analysts and risk managers, accountants, data analysts, data scientists, forecasters.  This course is especially useful if you want to understand what predictive modeling might do for your organization, undertake pilots with minimum setup costs, manage predictive modeling projects, or work with consultants or technical experts involved with ongoing predictive modeling deployments.

Instructors

Kuber Deokar

Mr. Kuber Deokar

Mr. Kuber Deokar holds a Masters degree in Statistics from University of Pune, India, where he also taught undergraduate statistics. Mr. Deokar holds the position of Instructional Operations Supervisor at Statistics.com. He is responsible for coordination of Statistics.com online courses, and ensures seamless interactions between the management team, course instructors, teaching assistants, and students. He also serves as the senior teaching assistant and shares instructional responsibilities for several courses, and handles consultancy assignments, working from our office in Pune, India.

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Dr. Inbal Yahav

Dr. Inbal Yahav

Dr. Inbal Yahav is a faculty member at the Graduate School of Business Administration, Bar-Ilan University, Israel.  Her research interests lie in the areas of statistical modeling and social media, with a focus on users' behavior in social networks, interactions and dynamics among users, and statistical modeling of heterogeneous behaviors.  Dr. Yahav's research to-date focuses on two domains. The first domain is cyber security and privacy, and in specific privacy unawareness and unintentional information leakage in social networks. The second domain is statistical modeling of sub-populations in big data. Dr. Yahav has ...

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Course Syllabus

Week 1

Preparation

  • What is supervised learning
  • Data partitioning and holdout samples
  • Choosing variables (features)
  • Handling missing data
  • Visualization and exploration

Week 2

Classification and Prediction

  • Assessing classification models
    • Confusion matrix
    • Misclassification costs
    • Lift
  • Assessing prediction models
    • Common metrics
  • K-Nearest-Neighbors (KNN)
    • Measuring distance
    • Choosing k
    • Generating classifications and predictions

Week 3

Bayesian Classifiers; CART

  • Full Bayes classifier
  • Naive Bayes classifier
  • Classification and Regression Trees (CART)
    • Growing the tree
    • Avoiding overfit - pruning
    • Using trees for classifications and predictions

Week 4

Ensembles

  • Combine multiple algorithms
  • Improve results

Class Dates

2021

Sep 10, 2021 to Oct 8, 2021

2022

Jan 14, 2022 to Feb 11, 2022

May 13, 2022 to Jun 10, 2022

2023

No classes scheduled at this time.

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Prerequisites

Introductory Statistics

We assume you are versed in statistics or have the equivalent understanding of topics covered in our Statistics 1 and Statistics 2 courses. but do not require them as eligibility to enroll in this course. Please review the course description for each of our introductory statistics courses, estimate which best matches your level of understanding of the material covered in these courses, then take the short assessment test for that course. If you can not answer more than half of the questions correctly, we suggest you take our Statistics 1 and Statistics 2 courses prior to taking this course.

You should be familiar with R.

What Our Students Say

Marta Fedyna

The book for this course is very good. Everything is explained in a really clear way. Videos were great too and help in understanding issues.

Marta Fedyna
Data Engineer w HSBC
Jeff Mantel

Anthony did a great job of answering questions, adding explanations and expanding on ideas. The best teacher I have had at statistics.com so far

Jeff Mantel
Mantel Consulting

Frequently Asked Questions

What is your satisfaction guarantee and how does it work?

We offer a “Student Satisfaction Guarantee” that includes a tuition-back guarantee, so go ahead and take our courses risk free. That’s our commitment to student satisfaction. Students may cancel, transfer, or withdraw from a course under certain conditions. If you’re not satisfied with a course, you may withdraw from the course and receive a tuition refund.

Please see our knowledge center for more information.

Who are the instructors at the Institute?

The Institute has more than 60 instructors who are recruited based on their expertise in various areas in statistics. Our faculty members are:

  • Authors of well-regarded texts in their area;
  • Advisory board members;
  • Senior faculty; and
  • Educators who have made important contributions to the field of statistics or online education in statistics.

The majority of our instructors have more than five years of teaching experience online at the Institute.

Please visit our faculty page for more information on each instructor at The Institute for Statistics Education.

Please see our knowledge center for more information.

What type of courses does the Institute offer?

The Institute offers approximately 80 courses each year. Topics include basic survey courses for novices, a full sequence of introductory statistics courses, bridge courses to more advanced topics. Our courses cover a range of topics including biostatistics, research statistics, data mining, business analytics, survey statistics, and environmental statistics.

Please see our course search or knowledge center for more information.

Do your courses have for-credit options?

Our courses have several for-credit options:

  • Continuing education units (CEU)
  • College credit through The American Council on Education (ACE CREDIT)
  • Course credits that are transferable to the INFORMS Certified Analytics Professional (CAP®)

Please see our knowledge center for more information.

Is the Institute for Statistics Education certified?

The Institute for Statistics Education is certified to operate by the State Council of Higher Education for Virginia (SCHEV). For more information visit: https://www.schev.edu/

Please see our knowledge center for more information.

Visit our knowledge base and learn more.

FAQs + Knowledge Base

Related Courses

Predictive Analytics 1 – Machine Learning Tools

Predictive Analytics 1 – Machine Learning Tools

This online course introduces the basic paradigm of predictive modeling: classification and prediction.
Topic: Analytics, Prediction/Forecasting | Skill: Introductory, Intermediate | Credit Options: ACE, CAP, CEU
Class Start Dates: Sep 10, 2021, Jan 14, 2022, May 13, 2022, Sep 9, 2022
Predictive Analytics 2 – Neural Nets and Regression with R

Predictive Analytics 2 – Neural Nets and Regression with R

As a continuation of Predictive Analytics 1, this course introduces to the basic concepts in predictive analytics, with a focus on R, to visualize and explore predictive modeling.
Topic: Data Science, Analytics, Machine Learning, Prediction/Forecasting, Using R | Skill: Introductory, Intermediate | Credit Options: ACE, CAP, CEU
Class Start Dates: Nov 12, 2021, Mar 11, 2022, Jul 8, 2022
R Programming - Intermediate

Predictive Analytics 3 – Dimension Reduction, Clustering, and Association Rules with R

This course, with a focus on R, will teach you key unsupervised learning techniques of association rules – principal components analysis, and clustering – and will include an integration of supervised and unsupervised learning techniques.
Topic: Data Science, Analytics, Machine Learning, Prediction/Forecasting, Using R | Skill: Introductory, Intermediate | Credit Options: ACE, CAP, CEU
Class Start Dates: Sep 10, 2021, Jan 14, 2022, May 13, 2022

Additional Course Information

Organization of Course

This course takes place online at The Institute for 4 weeks. During each course week, you participate at times of your own choosing – there are no set times when you must be online. Course participants will be given access to a private discussion board. In class discussions led by the instructor, you can post questions, seek clarification, and interact with your fellow students and the instructor.

At the beginning of each week, you receive the relevant material, in addition to answers to exercises from the previous session. During the week, you are expected to go over the course materials, work through exercises, and submit answers. Discussion among participants is encouraged. The instructor will provide answers and comments, and at the end of the week, you will receive individual feedback on your homework answers.

Time Requirements

This is a 4-week course requiring 10-15 hours per week of review and study, at times of your choosing.

Homework

Homework in this course consists of short answer questions to test concepts, guided data analysis problems using software, and end of course data modeling project. Note: There will be a mid-week discussion exercise in the first week of the course.

In addition to assigned readings, this course also has supplemental video lectures, and an end of course data modeling project.

Course Text

The required text for this course is Data Mining for Business Analytics: Concepts, Techniques, and Applications in R,  by Shmueli, Patel, Yahav, Bruce and Lichtendahl. This same text is also used in the follow on courses: “Predictive Analytics 2 – Neural Nets and Regression – with R” and “Predictive Analytics 3 – Dimension Reduction, Clustering and Association Rules – with R”

Please order a copy of your course textbook prior to course start date.

Software

This is a hands-on course, and participants will apply data mining algorithms to real data.  The course will use R, a free software environment for statistical computing and graphics. It compiles and runs on a wide variety of UNIX platforms, Windows and MacOS.

Software Uses and Descriptions | Available Free Versions
To learn more about the software used in this course, or how to obtain free versions of software used in our courses, please read our knowledge base article “What software is used in courses?” 

Course Fee & Information

Enrollment
Courses may fill up at any time and registrations are processed in the order in which they are received. Your registration will be confirmed for the first available course date unless you specify otherwise.

Transfers and Withdrawals
We have flexible policies to transfer to another course or withdraw if necessary.

Group Rates
Contact us to get information on group rates.

Discounts
Academic affiliation?  In most courses you are eligible for a discount at checkout.

New to Statistics.com?  Click here for a special introductory discount code.  

Invoice or Purchase Order
Add $50 service fee if you require a prior invoice, or if you need to submit a purchase order or voucher, pay by wire transfer or EFT, or refund and reprocess a prior payment.

Options for Credit and Recognition

This course is eligible for the following credit and recognition options:

No Credit
You may take this course without pursuing credit or a record of completion.

Mastery or Certificate Program Credit
If you are enrolled in mastery or certificate program that requires demonstration of proficiency in this subject, your course work may be assessed for a grade.

CEUs and Proof of Completion
If you require a “Record of Course Completion” along with professional development credit in the form of Continuing Education Units (CEU’s), upon successfully completing the course, CEU’s and a record of course completion will be issued by The Institute upon your request.

ACE CREDIT | College Credit
This course has been evaluated by the American Council on Education (ACE) and is recommended for college credit.  For recommendation details (level, and number of credits), please see this page. Please note that the decision to accept specific credit recommendations is up to the academic institution accepting the credit.

ACE Digital Badge
Courses evaluated by the American Council on Education (ACE) have a digital badge available for successful completion of the course.

INFORMS-CAP
This course is recognized by the Institute for Operations Research and the Management Sciences (INFORMS) as helpful preparation for the Certified Analytics Professional (CAP®) exam and can help CAP® analysts accrue Professional Development Units to maintain their certification.

Supplemental Information

Take a 10-question quiz on analytics: Test Yourself

Whatch our preview of this course:

 

Watch this video by Dr. Shmueli on “Data Mining in a Nutshell”.

Miscellaneous

There is no additional information for this course.

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Predictive Analytics 1 – Machine Learning Tools with R
$549 | Enroll Now
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