Executive Education

DATA-DRIVEN DECISION-MAKING IN FINANCE

Big data is one of the buzzwords in today’s business world. Since computers became more and more central to modern commerce, businesses have access to large amounts of data, for example, on their customers or transactions. This gives companies the opportunity to extract useful information using statistical and machine learning methods in order to gain a competitive advantage. The big internet companies are the obvious examples, but the topic is also especially relevant for the financial industry (like with credit analysis, fraud detection, insurance and robo-advising). In many areas these new technologies will disrupt existing business models. The course will focus on the analysis of Big Data, and how it can be used for prediction, for example bankruptcies or stock prices. The course will focus on supervised learning techniques such as regression and classification.

Contact

Ludmila Ketterer

 +49 69 798 33512

 E-Mail

Course
Format

This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam or earn academic credits. As the number of seats in the course is limited, we recommend to register online early.

Learning
Objectives

Upon completion of this course, students will be able to:

Practically analyze large-scale business data using machine learning techniques

 

Apply basic methods for analyzing data in R

Apply what they have learned to real finance data

Use statistical methods for strategic decision making

Key
Concepts

Machine learning

Regression and classification

Supervised and unsupervised learning

Data analysis in R

Faculty

Assoc. Prof. Dr. Steffen Juranek

Steffen Juranek works at the Department of Business and Management Science at Norwegian School of Economics since 2017. He received his Ph.D. from Goethe University in 2012. His research focuses on the organization of firms and markets, and the role of intellectual property for firm strategy, financing and taxation. Steffen taught courses on statistics, management control, innovation management and intellectual property rights.

 

Key Facts

Course materials

Course materials will be provided in electronic form.

Language

English

Venue

Campus Westend of Goethe University Frankfurt.

Certificate of participation

A GBS certificate of participation is awarded upon completion of the course.

Course Fee*

€ 1.900 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 800.

*Withdrawal and fee refund
In case the course withdrawal request is received two weeks prior to the start of classes, GBS will retain a withdrawal fee of €50. In case the course withdrawal request is received less than two weeks prior to the start of classes, GBS will retain 50% of the payment made.

Course Schedule
Date Session
Fri., Apr. 08, 2022 12:00-14:00; 14:30-16:30
Sat., Apr. 09, 2022 09:00-11:00
Fri., Apr. 22, 2022 18:00-20:00
Sat., Apr. 23, 2022 11:30-13:30; 14:30-16.30
Fri., May 06, 2022 13:00-15:00; 15:30-17:30
Sat., May 07, 2022 09:00-11:00
Fri., May 20, 2022 18:00-20:00
Sat., May 21, 2022 11:30-13:30; 14:30-16:30
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There are two main things which make returning for Open Programs such a valuable and worthwhile experience. The first is being back on campus – meeting the current students, returning to campus again, the whole experience was just so pleasant. The second is the level of quality in the courses – the faculty teaching are absolute experts.

Stephan KieneDuke-Goethe Executive MBA Class of 2009
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