COURSES > ANALYTICS

Predictive Modeling and Analytics

Tap Into Your Data Potential to Make your Organisation More Efficient

Chaired by
Robert Grant

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Overview

Predictive modelling is a statistical technique used to predict and forecast likely outcomes that impact your organisation, based on historical data.

By using the right predictive modelling techniques for your needs, you can use your data to mitigate against potential risk, identify areas of improvement and enhance the overall performance of your organisation.

Our Predictive Modelling and Analytics course is designed to give you the skills to prepare you for using predictive modelling effectively within your organisation.

Using the free R software, you’ll get hands-on experience of the decisions and coding required to launch and improve predictive models. Understand the concepts, processes and applications of predictive modelling, with a focus on a statistical (regression) and machine learning approach (decision trees and random forests).

All delegates will be asked to download the latest version of R.


Trainer, Coach and Writer on Statistics

Mike is Professor of Business Performance and Director of the Centre for Business Performance at Cranfield University.

Before his academic career, Mike spent 15 years in business. He gained his PhD from the University of Cambridge in 2001, researching the design and implementation of balanced performance measurement systems. He has spent the last fifteen years working with companies and quasi-public sector organisations supporting senior management teams through the process of clarifying and executing their strategy and designing and using their measurement systems.

He has authored over 100 publications, and is co-author of several books including The ...

Robert Grant


Learning Outcomes

  • Understand the concepts, processes, and applications of predictive modelling

  • Explore different types of data with different relationships, and how they can be modelled

  • Use the free R software to prepare data for predictive modelling and visualise the outputs

  • Learn about the widely applicable methods: linear regression, logistic regression, decision trees and random forests






All the Understanding ModernGov courses are Continuing Professional Development (CPD) certified,
with signed certificates available upon request for event.


Enquire About In-House Training

To speak to someone about a bespoke training programme, please contact us:

0800 542 9414
InHouse@moderngov.com



Agenda

09:25 - 09:30 Registration

09:30 - 10:00 Trainer’s Welcome and Clarification of Learning Objectives

In each workshop session, you will encounter a real-life public sector dataset. The trainer will guide you through the data, exploring and learning how to think critically about how to manipulate and model it.

Workshop 1 focusses on R and preparing data, workshops 2 and 3 on statistical models, workshop 4 on machine learning models, and workshop 5 on implementing a predictive model within the organisation, including time for discussion specific to attendees’ settings.

10:00 - 11:00 Workshop 1: Basics of R and Preparing Data for Predictive Modelling

  • Using R on Windows or Mac: installation and basics of the language

  • Loading and manipulating data using the Tidyverse packages for R

  • Examining data visually using the ggplot2 package in R

  • Proposing and justifying a predictive model

11:00 - 11:15 Morning Break

11:15 - 12:00 Workshop 2: Linear Regression

  • Understand how regression models are made up of three key assumptions about the data

  • Use R code to fit a linear regression model to the data

  • Gain confidence in interpreting the outputs

  • Visualise the model and compare it critically to the data

  • Identify problems in the data that may undermine a predictive model

  • Extend linear regression into more than one predictor variable

12:00 - 13:00 Workshop 3: LASSO and Logistic Regression

  • Use the LASSO algorithm to select predictor variables from a large collection

  • Extend linear regression into predicting binary variables with logistic regression using R

  • Interpret and visualise the results

  • Communicate risk effectively to non-technical audiences

  • Understand how linear and logistic regression are specific instances of generalised linear models (GLMs)

13:00 - 13:45 Lunch

13:45 - 14:00 Reflection Session

  • Trainer will review the day’s learning and the next stages of the course

  • Delegates will have time to ask questions and share views with one another

14:00 - 15:00 Workshop 4: Decision Trees and Random Forests

  • Use R to fit a decision tree to data

  • Understand the choices in using decision and regression trees, such as pruning

  • Compare different ways of communicating the predictions

  • Extend into an averaged prediction across an ensemble of models: random forest

  • Know the differences between statistical and machine learning models, and their pros and cons

15:00 - 15:15 Afternoon Break

15:15 - 16:00 Workshop 5: Embed Predictive Modelling within an Organisation

  • Identify your key service delivery objectives and map these to predictive model strengths and weaknesses

  • Understand how predictive models can be validated and revised on an ongoing basis

  • Discuss enablers and barriers within a variety of public sector organisations

  • Examine different approaches to embedding the data analytic workforce

16:00 - 16:15 Feedback, Evaluation & Close

  • Effective Report Writing, Senior Engineering Specialist, Eastleigh Borough Council

    “This course provided an excellent understanding of how to write effectively and why it is important to do so.”

  • Effective Proofing and Editing Skills: Senior Events Officer, King's College London

    “I would really recommend the course. Sue is a fantastic trainer and the day passed by far too quickly. Lots of helpful resources to take away, also very impressed with the smooth transition to online learning. Thank you!

  • Effective Data Visualisation: Corporate Performance Management Officer, Carmarthenshire County Council

    “I have learned a great deal with many tips and ideas to enable to improve the authority’s reports”

  • Effective Business Process Mapping: Internal Quality and Improvement Officer, Social Work England

    “It was a fun course to take a part in. There was a lot of information given, and it was done in an engaging way with lots of interactivity, even over zoom. i really enjoyed the course and learned lots from it.”

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