Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

After completing the course, students will understand the fundamental difference between predictive and prescriptive analytics, and be able to build prescriptive models to support business decision making.

Credits: 6

Schedule: 01.03.2021 - 07.04.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Pekka Malo

Teacher in charge (applies in this implementation): Pekka Malo, Lina Siltala-Li

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • Valid 01.08.2020-31.07.2022:

    Predictive models (e.g,.regression and time series models), prescriptive optimization models (e.g, linear and convex), Python or R programming, visiting lectures, project work.

Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    Course project 50%, Assignments and class activity 50%, a more detailed description on assessment criteria is given in the syllabus

Workload
  • Valid 01.08.2020-31.07.2022:

    Contact teaching 50 h, Independent work 110 h.

DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    To be defined in the course syllabus.

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    Data Science for Business I (30E03000) and Business Decisions 1 (27C01000) or 2 (30E02000); or equivalent skills. Intermediate / advanced skills in Python or R programming. Courses dealing with simulation methods and time series analysis are recommended.

FURTHER INFORMATION

Description

Registration and further information