Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Predictive Analytics Essential Training: Estimating and Ensuring ROI

via LinkedIn Learning

Write review

Boot.dev

Stuck in Tutorial Hell? Learn Backend Dev the Right Way

Noble Desktop

NY State-Licensed Certificates in Design, Coding & AI — Online

Overview

Google, IBM & Meta Certificates — All 10,000+ Courses at 40% Off

One annual plan covers every course and certificate on Coursera. 40% off for a limited time.

Get Full Access

Turn predictive analytics into a profit center at your organization. Learn how to measure the return on investment (ROI) and prove the long-term value of your projects.

Syllabus

Introduction

Introduction

1. Effective Problem Definition

Estimating ROI
Business considerations when measuring ROI
ROI starts with problem definition
Why estimating ROI is perceived to be challenging

2. Estimating ROI before the Project Starts

Introducing the confusion matrix
The possible outcomes when a micro decision is made
Estimating the overall size of the problem
Assigning value to the four possible outcomes
The impact of model performance on ROI
Two other example scenarios

3. Calculating ROI after the Model Is Built

Determining the cut-off on propensity scores for interventions
A/B testing and partial rollout during the evaluation phase
Understanding the monitoring phase
Revisiting ROI 12 months after deployment

Conclusion

Next steps

Taught by

Keith McCormick

Reviews

4.6 rating at LinkedIn Learning based on 189 ratings

Start your review of Predictive Analytics Essential Training: Estimating and Ensuring ROI