BUAD 595 - BRS – Advanced Modeling Techniques

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The Advanced Modeling Techniques course will focus on development and application of programming, database and statistical skills necessary to construct advanced analytical decision models. Models of this type are emerging as a new competitive arena in many industries - most notably Supply Chain logistics and Financial Services - as organizations attempt to position themselves for an impending “perfect storm.” Firstly, there is an urgent need for advanced analytics to contend with the increasing complexities and risks associated with the modern global enterprise. Secondly, data is becoming available to support these types of decision systems (internal ERP systems, Web 3.0+, “Big Data”, the “Internet of Things”). Thirdly, processing and communications systems are reaching a level of sophistication that for the first time make many computer-based analytical techniques computationally tractable. As a result, as organizations attempt to develop in-house modeling expertise in their core activities, they will require people whose skills include both a broad, interdisciplinary understanding of business dynamics and the technical skills necessary to identify and develop (or manage the development of) advanced analytical models. This second-year elective is designed to develop these skills.