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Statistical analysis for financial data for decision making

  • 4.9(45,581 Rating)

Course Overview

The Data Analytics and Learning for Finance Professionals certification is an acknowledgment of proficiency in utilizing advanced computational and statistical methods to analyze financial data. It primarily focuses on data analysis, predictive modeling, artificial intelligence, and machine learning techniques. These techniques are instrumental for financial forecasting, risk management, and decision-making processes. Comprehending these concepts can elevate key finance functions like asset valuation, portfolio management, and algorithmic trading. Industries adopt such certified professionals because they can leverage these technical skills to foster growth, increase efficiency, and enhance financial insights and strategies, creating a more proactive approach to potential market challenges and opportunities.

Learning Objectives – What you will Learn in this Data Analytics and Machine Learning for Finance Professionals Course?

The learning objectives of the Data Analytics and Machine Learning for Finance Professionals course are 1. To understand the importance of data analytics and machine learning in financial decision-making.
2. To develop the fundamental skills required to analyze and interpret different types of financial data.
3. To gain practical experience in applying machine learning algorithms to predict financial trends, risk, and profitability.
4. To learn how to harness predictive analytics for informing strategic financial decisions.
5. To obtain knowledge in using software tools such as Python, R, or MATLAB for performing data analytics and machine learning tasks.
6. To comprehend emerging trends and ethical implications of data analytics and machine learning in finance.

Course Prerequisites

• Strong understanding of financial principles and operations • Proficiency in quantitative analysis and statistics
• Experience in data mining and interpretation
• Knowledge of programming languages, particularly Python and R
• Familiarity with machine learning algorithms
• Basic understanding of databases and SQL
• Knowledge of data visualization tools.

Target Audiance

  • - Finance professionals seeking skill enhancement - Bankers keen on adopting AI
  • - Corporate finance executives
  • - Investment analysts interested in AI tech
  • - Financial risk managers
  • - Financial consultants seeking data expertise
  • - Insurance professionals exploring AI use
  • - Finance-related researchers, academicians

Schedule Dates

Statistical analysis for financial data for decision making
15 July 2024 - 19 July 2024
Statistical analysis for financial data for decision making
21 October 2024 - 25 October 2024
Statistical analysis for financial data for decision making
27 January 2025 - 31 January 2025
Statistical analysis for financial data for decision making
28 April 2025 - 02 May 2025

Course Content

  • Statistics and data science
  • Descriptive statistics
  • Inferential statistics
  • Types of samples
  • Basic concepts of sample selection
  • Sample size with Minitab, Pass and excel
  • Sampling with Excel
  • Statistical measures

  • Import & export data to SPSS
  • Data manipulation with SPSS
  • Sort, split, select and weight cases
  • Data transformation
  • Visual and optimal binning
  • Restructuring data
  • Exercises

  • Frequency and crosstab
  • Measures of association
  • Descriptive statistics
  • Histogram
  • Scatter plot
  • Line plot
  • Bar plot
  • Customizing charts

  • From measures to models
  • Simple linear regression model
  • Multiple linear regression model
  • Model assumptions and diagnoses
  • Dealing with model assumptions violations
  • Linear and non-linear regression

  • Powerful but easy to use
  • Identify your best customers with RFM analysis
  • Send the right messages with clustering
  • See which campaigns perform best
  • Select which contacts are most likely to purchase
  • Allocate marketing dollars more effectively
  • Flexible implementation options
  • Exercise
  • Review course objectives and suggestions

FAQs

Statistical analysis involves the use of mathematical techniques to analyze and interpret financial data. It helps in uncovering patterns, trends, and relationships within the data, which are crucial for making informed decisions in finance.

Dubai’s financial sector operates in a dynamic and competitive environment. Statistical analysis provides valuable insights into market trends, risk assessment, investment opportunities, and performance evaluation, enabling stakeholders to make strategic decisions with confidence.

Common statistical techniques include descriptive statistics, regression analysis, time series analysis, correlation analysis, and hypothesis testing. Each technique serves specific purposes such as summarizing data, forecasting future trends, and testing relationships between variables.

Statistical analysis enables financial institutions to quantify and assess various types of risks, including market risk, credit risk, and operational risk. By analyzing historical data and using probability models, institutions can identify potential risks, measure their impact, and develop effective risk management strategies.

While statistical analysis cannot predict market movements with absolute certainty, it can provide valuable insights into market trends and patterns. Techniques like time series analysis and predictive modeling can be used to forecast future market behavior based on historical data and underlying economic factors.

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