2027 Unit information is now available. View 2027 unit information
Introduction
This unit explores the methodologies and applications of predictive and prescriptive analytics within business contexts. You will gain proficiency in forecasting techniques, predictive modelling, and the development of optimisation strategies for decision-making. The curriculum includes practical exercises in simulation and scenario analysis, equipping students with the skills to anticipate future trends and prescribe actions that align with business objectives. Emphasis is placed on the critical assessment of model effectiveness and the ethical implications of data-driven decisions. By the end of the unit, you will be able to construct, apply, and evaluate analytical models, preparing them for complex challenges in various business environments.
Summary
| Unit name | Predictive and Prescriptive Analytics |
| Unit code | BMA748 |
| Credit points | 12.5 |
| College/School | Tasmanian School of Business and Economics |
| Coordinator | Doctor Christopher Mabin |
| Delivered By | University of Tasmania and Third Party(ies): ECA |
| Level | Postgraduate |
Learning Outcomes
- Construct predictive models and interpret their outcomes for business insights.
- Apply prescriptive analytics to recommend strategic business actions.
- Critically evaluate the effectiveness of different analytical models in various business scenarios.
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| not applicable |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UniConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Teaching
| Assessment | Predictive Modelling Case Study (30%)|Simulation Exercise (30%)|Optimisation Project (40%) |
|---|---|
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Required readings will be listed in the unit outline prior to the start of classes. |
|---|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.