machine learning

Machine Learning and Statistical Modeling with R Examples

See things in your data that no one else can see – and make the right decisions!

Due to modern technology and the internet, the amount of available data grows substantially from day to day. Successful companies know that. And they also know that seeing the patterns in the data gives them an edge on increasingly competitive markets. Proper understanding and training in Machine Learning and Statistical Modeling will give you the power to identify those patterns. This can make you an invaluable asset for your company/institution and can boost your career!

Marketing companies use Machine Learning to identify potential customers and how to best present products.

Scientists use Machine Learning to capture new insights in nearly any given field ranging from psychology to physics and computer sciences.

IT companies use Machine Learning to create new search tools or cutting edge mobile apps.

Insurance companies, banks and investment funds use Machine Learning to make the right financial decisions or even use it for algorithmic trading.

Consulting companies use Machine Learning to help their customers on decision making.

Artificial intelligence would not be possible without those modeling tools.

Basically we already live in a world that is heavily influenced by Machine Learning algorithms.

1. But what exactly is Machine Learning?

Machine learning is a collection of modern statistical methods for various applications. Those methods have one thing in common: they try to create a model based on underlying (training) data to predict outcomes on new data you feed into the model. A test dataset is used to see how accurate the model works. Basically Machine learning is the same as Statistical Modeling.

2. Is it hard to understand and learn those methods?

Unfortunately the learning materials about Machine Learning tend to be quite technical and need tons of prior knowledge to be understood.

With this course it is my main goal to make understanding those tools as intuitive and simple as possible.

While you need some knowledge in statistics and statistical programming, the course is meant for people without a major in a quantitative field like math or statistics. Basically anybody dealing with data on a regular basis can benefit from this course.

3. How is the course structured?

For a better learning success, each section has a theory part, a practice part where I will show you an example in R and at last every section is enforced with exercises. You can download the code pdf of every section to try the presented code on your own.

4. So how do I prepare best to benefit from that course?

It depends on your prior knowledge. But as a rule of thumb you should know how to handle standard tasks in R (courses R Basics and R Level 1). You should also know the basics of modeling and statistics and how to implement that in R (Statistics in R course).

What are the requirements?

  • You need a solid foundation in R
  • You need a good understanding of general statistics
  • You should be interested in machine learning and modeling

What am I going to get from this course?

  • Over 23 lectures and 2.5 hours of content!
  • understand the most common principles of machine learning and statistical modeling
  • perform machine learning tasks in R
  • understand which machine learning tool is suitable for a given problem
  • know what machine learning can do
  • implement machine learning and statistical modeling in your work

What is the target audience?

  • You should take this course if you are interested in statistics and analytics
  • You should take this course if you want to use R to solve modeling problems
  • You should take this course if you encounter problems that need more complex statistical solutions
  • You should take this course if you want to enlarge your analytics toolbox

What our students think

“I’ve been looking for several days to get a hold on a useful and comprehensive intro into machine learning. Now I found one that is not too hard, and has some hands on work – nice job, thank you so much!”

“For me, Machine Learning sounds a big word as a business background students but Got general overview but still feel need to know a more of it.”

“I found this course and was curious about getting the basics about machine learning right. As a novice to Machine Learning it was time to eventually also tackle this topic. As a quantitative marketing guy, some things I do in my work can be handled with tools outlined here. Fortunately as one of the first students in the course I got a course release offer, so that even adds up to the postive experience. I am happy with the time invested and feel more confident about machine learning.”

To our blog readers we offer this product 5% OFF 

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