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Virtual Open Day! 19 November @1PM GMT | Register Now!
Virtual Open Day! 19 November @1PM GMT | Register Now!
Virtual Open Day! 19 November @1PM GMT | Register Now!
Virtual Open Day! 19 November @1PM GMT | Register Now!
20 Credits

Foundations of Data Science

Please note to take this course you must first have completed Foundations of Econometrics

This course offers a first overview of data science techniques at the graduate level. It takes participants through basic data types and properties, supervised learning techniques, and unsupervised learning methods. The course also addresses prediction and classification techniques using parametric, non-parametric and ensemble methods. Participants understand how to approach data analysis problems, which tools are available to them, and how to address common problems faced in data science applications.

​This module can be taken as part of a PG Certificate, PG Diploma or Full Masters Program.

Foundations of Data Science
  • 20 Credits
  • 200 hours of study
  • 25 contact hours
  • 175 hours for private study
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Qualifications accredited by Lancaster University
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Buildable Qualifications
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Learn Around
Your Schedule
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World-Class
Faculty
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Fully Online

Structure

Software

Python

Module Programme

Introduction to Data Science

Session Content
  • What is data science and why is it important?
  • The role of data in decision-making
  • The principles of statistical thinking

Data types

Session Content
  • Importing and cleaning data using popular tools and techniques
  • Basic data visualisation using graphs and plots
  • Introduction to the Pandas library for data manipulation

Statistics and Machine Learning Basics

Session Content
  • Supervised vs. unsupervised learning
  • Important data science methods for prediction and classification
  • Basic machine learning algorithms and their applications

Model Evaluation and Selection

Session Content
  • Measuring the performance of machine learning models
  • Choosing the appropriate model for a given problem
  • Avoiding common pitfalls in model evaluation and selection

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Prerequisites

English Language Requirements

Both Programmes are open to applicants anywhere in the world. We may ask applicants to provide a recognised English language qualification, dependent upon their nationality and where they have studied/worked previously.

 The requirement is an IELTS (Academic) Test with an overall score of at least 6.5, and a minimum of 6.0 in each element of the test. We will also consider other English language qualifications. If their score is below our requirements, they may be eligible for one of Lancaster University's pre-sessional English language programmes.

Academic Requirements

Applicants to the Postgraduate Certificate of Achievement, Postgraduate Certificate, Postgraduate Diploma or full MSc in either programme require either an upper second-class degree in economics, econometrics or related subjects.

Learning Outcomes

Key Skills
  • Data Fundamentals: Handling diverse data types and understanding their properties
  • Machine Learning: Applying supervised and unsupervised learning algorithms
  • Prediction and Classification: Using various methods for accurate predictions andclassifications
  • Analytical Approach: Systematic problem-solving for data analysis
  • Tool Proficiency: Competence in common data science tools for analysis and visualisation
  • Problem-solving: Addressing challenges in real-world data science applications
  • Ensemble Methods: Application of ensemble methods for improved predictions
  • Communication Skills: Effectively conveying insights from data analysis.
Desired Skills
  • Demonstrate a sound knowledge of applied econometric principles and basic quantitativetechniques
  • Demonstrate a sound knowledge of supervised and unsupervised learning techniques
  • Present, interpret and analyse information in numerical form and use econometric and otherpackages effectively
  • Understand the relevance of different econometric approaches to specific applications ineconomics
  • Select relevant information from large amounts of data;

Frequently Asked Questions

Are the courses within either programme conducted synchronously or asynchronously?

All sessions are conducted live and online at a scheduled time, but are also recorded. Students may attend live and watch the recordings back to recap the material or watch the recordings only if unable to attend live. We always advise students to attend live where possible as this will allow them the best opportunity to engage with the content and ask the lecturer's questions.

Is all examination undertaken online or in-person?

All modules are examined through online coursework submissions, you will have the support of your module lecturer/tutor in this poccess.

Do I need to buy any statistical/econometric software?

No, all necessary software is provided to students.

What do I do if I can't attend a course live?

All courses are recorded and available on the LUMS internet platform throughout the current academic year. They can therefore be viewed 24 hours a day.

A Collaboration Like No Other

Timberlake Consultants and Lancaster University Management School (LUMS) Economics department have a longstanding partnership; combining 40+ years of industry expertise with over 50 years of academic excellence. We are delighted to build on this with our micro-credential postgraduate courses.

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