About this course

Course code TPBEAP71
Duration 2 Days

This course is intended for analysts working with virtually any type of exploratory data analysis problem. Discovery in a complicated data set is one of the analyst's toughest problems. The course covers this discovery process using many real-world problems. There is a focus on fraud detection, with the recognition that the core principles of modeling to solve fraud detection are the basis of all exploratory data analysis. Analytical methods used in the course include decision trees, logistic regression, neural networks, link analysis, and social network analysis. In addition, analysts receive practical advice on presenting complex findings to their audience.

Prerequisites

To maximise the return on investment from the class, you should have the following skills and experience:

  • background in analytical methods
  • experience with predictive modeling
  • familiarity with Base SAS, SAS/STAT, and SAS/GRAPH software, which you can acquire by taking the SAS Programming 1: Essentials or Introduction to Statistics using SAS® 9.2: ANOVA, Linear Regression & Logistic Regression

This class is taught in SAS Enterprise Miner and foundation SAS. Familiarity with SAS Enterprise Miner at the level presented in the Applied Analytics Using SAS Enterprise Miner course is helpful. Most of the techniques shown in this course using SAS Enterprise Miner are supplemented with similar approaches in foundation SAS.

Delegates will learn how to

  • analyse in multiple dimensions
  • escape the limits of common methods
  • explore your most complex problems
  • successfully present findings to your audience
  • find rare events
  • find hidden relationships
  • reach deep into your data and find what others cannot

Who should attend?
Data analysts (market researchers, fraud researchers, and sales analysts); expert modelers or those who want to become expert; and the creative and curious

Outline

Predictive Analytics and Exploratory Data Mining

  • the relationship between fraud detection and exploratory data mining
  • the role of graphics in exploratory analysis
  • complexity in a 'PowerPoint world'
  • the analyst's dilemma

Working with Unstructured Data

  • data streams versus structured data
  • social network analysis as a solution to unstructured problems
  • statistical mechanics of network analyses
  • predicting with a network
  • complex networks versus reductionism
  • fraud detection with social network analysis

Exploratory Data Mining and Predictive Models

  • exploratory data mining success
  • predictive modeling methods
  • logistic regression
  • decision trees
  • neural networks
  • the truth about neural networks
  • comparing and contrasting predictive modeling methods
  • model structure and impact on exploratory results
  • graphical review of model results

Complex Exploratory Modeling

  • initial data screening
  • developing complex predictive models for exploratory efforts
  • identifying important variables
  • analysing variables, domains, and clusters
  • graphical review of models and data
  • applying a complex predictive model to fraud detection

Exploratory Findings

  • extracting new hypotheses (exploratory findings) from the predictive model
  • building confidence with the exploratory findings
  • recognising and overcoming impediments to acceptance by the target audience

2 Days

Duration

This is a QA approved partner course

Delivery Method

Delivery method

Classroom

Face-to-face learning in the comfort of our quality nationwide centres, with free refreshments and Wi-Fi.

Find dates and prices

Online booking is currently not available for this course, to find out more please call us on 0345 074 7998 or email us at info@qa.com to discuss how we can help.

Trusted, awarded and accredited

Fully accredited to ensure we provide the highest possible standards in learning

All third party trademark rights acknowledged.