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Advanced Analytics in a Big Data World

Course Details
Code: BDMC13
Tuition (USD): $2,550.00 • Classroom (3 days)
Course Details
GSA (USD): $2,312.34 • Classroom (3 days)

In today's big data world, many companies have gathered huge amounts of customer data about marketing success, use of financial services, online usage, and even fraud behavior. Given recent trends and needs such as mass customization, personalization, Web 2.0, one-to-one marketing, risk management, and fraud detection, it becomes increasingly important to extract, understand, and exploit analytical patterns of customer behavior and strategic intelligence. This course helps clarify how to successfully adopt recently proposed state-of-the art analytical and data science techniques for advanced customer intelligence applications. This highly interactive course provides a sound mix of both theoretical and technical insights as well as practical implementation details and is illustrated by several real-life cases. References to background material such as selected papers, tutorials, and guidelines are also provided.

Skills Gained

  • apply a series of powerful, recently developed, cutting-edge analytical and data science techniques
  • ensure the practical application of these techniques to optimize strategic business processes and decision making
  • explore a futuristic vision of how emerging data science techniques might change your key business processes
  • deploy, monitor, and optimally backtest analytical models.

Who Can Benefit

  • Those involved in estimating, monitoring, auditing, or maintaining models for various types of customer intelligence; those involved with using data mining techniques for various types of customer intelligence, job titles including business analysts in various settings (e.g. risk management, manufacturing, telco, retail, advertising, public, pharmaceutical, and so on), marketing/CRM managers, fraud managers, customer intelligence managers, risk analysts, CRM analysts, marketing analysts, senior data analysts, and data miners


  • Before attending this course, you should know how to
  • preprocess data (such as sampling, missing values, outliers, categorization, and so on)
  • develop predictive models using logistic regression
  • develop predictive models using decision trees
  • develop descriptive models using basic segmentation techniques
  • quantify the performance of predictive models (such as lift curves, ROC curves, and so on).

Course Details

Refresher: The Analytics Process Model

  • basic nomenclature (definition of customer, definition of target, and so on)
  • data collection and preprocessing (sampling, missing values, outliers, weights of evidence, and so on)
  • predictive versus descriptive analytics (data mining)
  • putting analytics to work
  • analytic model requirements (performance, interpretability, operational efficiency, compliance)
  • key application areas (CRM, risk management, fraud, online analytics)

Refresher: Decision Trees

  • splitting/stopping/assignment decision
  • key algorithms: C4.5 (See5), CART, CHAID
  • recommendations for using decision trees in a business context

Regression Trees

  • splitting/stopping/assignment criteria
  • case study: using regression trees for loss forecasting

Ensemble Methods

  • bootstrapping
  • bagging
  • boosting
  • stacking
  • random forests

Alternative Rule Representation Formats

  • rule types (propositional, oblique, M-of-N, fuzzy, and so on)
  • decision tables (lexicographical ordering, contraction methods, and so on)
  • decision diagrams
  • case study: decision tables and diagrams for customer scoring
  • case study: decision tables for textual knowledge verification

Neural Networks

  • multilayer perceptrons (MLPs)
  • MLP types (RBF, recurrent, and so on)
  • weight learning (backpropagation, conjugate gradient, and so on)
  • overfitting, early stopping, and weight regularization
  • architecture selection (grid search, SNC, and so on)
  • input selection (Hinton graphs, likelihood statistics, brute force, and so on)
  • self-organizing maps (SOMs) for clustering
  • case study: using SOMs for country corruption analysis

Support Vector Machines (SVMs)

  • linear programming
  • the kernel trick and Mercer theorem
  • SVMs for classification and regression
  • multiclass SVMs (one- versus-one, one-versus-all coding)
  • hyperparameter tuning using cross-validation methods
  • case study: benchmarking SVM classifiers

Opening up the Neural Network and SVM Black Box

  • business applications of neural networks and SVMs
  • rule extraction methods (pedagogical versus decompositional approaches such as neurorule, neurolinear, and trepan)
  • two-stage models (combining white-box linear models with black-box high-performing neural networks)
  • case studies

Bayesian Network Classifiers

  • Naive Bayes
  • tree augmented Naive Bayes (TAN)
  • unrestricted Bayesian network classifiers
  • Bayesian inference
  • case study: Bayesian networks for churn prediction

Survival Analysis

  • censoring
  • survival probabilities versus hazard rates
  • Kaplan Meier analysis
  • parametric survival analysis
  • proportional hazards regression
  • time varying covariates
  • competing risks
  • neural networks for survival analysis
  • case study: survival analysis for Customer Lifetime Value (CLV) modeling

Social Network Learning and Inference

  • implicit versus explicit social networks
  • learning using networked data
  • key application areas (Facebook/Twitter, churn, fraud, online analytics, and so on)
  • Markov random fields
  • homophily (guilt by association)
  • local classifiers
  • relational classifiers (relational neighbor, probabilistic relational neighbor, relational logistic regression, and so on)
  • Featurization
  • collective inference (Gibbs sampling, iterative classification, and so on)
  • case study: using social networks for churn detection in a telco context

Monitoring and Backtesting Analytical Models

  • quantitative versus qualitative model monitoring
  • model backtesting (model stability, model discrimination, model calibration, binomial/Hosmer-Lemeshow test, traffic light indicator approach, impact of macro-economic effects)
  • model benchmarking (internal versus external benchmarking, benchmarking statistics)
  • qualitative validation of analytical models (data quality and master data management, model design, documentation, involvement of management and corporate governance)
  • case study: backtesting a customer scoring model

Other Learning Algorithms and Applications (Short)

  • semi-supervised learning
  • fuzzy techniques
  • evolutionary algorithms
  • ant colony optimization
  • online analytics applications
  • social media analytics applications
  • process analytics applications
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