Get in Touch

Course Outline

Introduction to Machine Learning in Business

  • Machine learning as a core component of Artificial Intelligence
  • Types of machine learning: supervised, unsupervised, reinforcement, semi-supervised
  • Common ML algorithms used in business applications
  • Challenges, risks, and potential uses of ML in AI
  • Overfitting and the bias-variance trade-off

Machine Learning Techniques and Workflow

  • The machine learning lifecycle: from problem definition to deployment
  • Classification, regression, clustering, and anomaly detection
  • When to use supervised versus unsupervised learning
  • Understanding reinforcement learning in business automation
  • Considerations in ML-driven decision-making

Data Preprocessing and Feature Engineering

  • Data preparation: loading, cleaning, and transforming
  • Feature engineering: encoding, transformation, and creation
  • Feature scaling: normalisation and standardisation
  • Dimensionality reduction: PCA and variable selection
  • Exploratory data analysis and business data visualisation

Neural Networks and Deep Learning

  • Introduction to neural networks and their application in business
  • Structure: input, hidden, and output layers
  • Backpropagation and activation functions
  • Neural networks for classification and regression
  • Use of neural networks in forecasting and pattern recognition

Sales Forecasting and Predictive Analytics

  • Time series versus regression-based forecasting
  • Decomposing time series: trend, seasonality, and cycles
  • Techniques: linear regression, exponential smoothing, ARIMA
  • Neural networks for nonlinear forecasting
  • Case study: Forecasting monthly sales volume

Case Studies in Business Applications

  • Advanced feature engineering for improved prediction using linear regression
  • Segmentation analysis using clustering and self-organising maps
  • Market basket analysis and association rule mining for retail insights
  • Customer default classification using logistic regression, decision trees, XGBoost, and SVM

Summary and Next Steps

Requirements

  • Basic understanding of machine learning principles and their practical applications
  • Familiarity with spreadsheet environments or data analysis tools
  • Some exposure to Python or another programming language is beneficial but not mandatory
  • Interest in applying machine learning to real-world business and forecasting challenges

Audience

  • Business analysts
  • AI professionals
  • Data-driven decision-makers and managers
 21 Hours

Number of participants


Price per participant

Testimonials (2)

Upcoming Courses

Related Categories