ETF5500 High dimensional data analysis
Faculty of Business and Economics
ETF5500 High dimensional data analysis is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 2 at Caulfield. It needs ETC1010, ETC5510, ETF5922, ETC2420, ETC5550, ETW2001, ETC3550, ETF3231, ETX2250, ETC5242, ETF5231 or FIT5197.
- Credit points
- 6
- Offered in 2021
- Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2025 entry.
Reviews
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Requisites
Before ETF5500
Prerequisites
Pass these before you enrol.
- ETC1010Introduction to data analysisNo reviews yet
- ETC5510Introduction to data analysisNo reviews yet
- ETF5922Data visualisation and analyticsNo reviews yet
- ETC2420Statistical thinkingNo reviews yet
- ETC5550Applied forecastingNo reviews yet
- ETW2001Foundations of data analysis and modellingNo reviews yet
- ETC3550Applied forecastingNo reviews yet
- ETF3231Business forecastingNo reviews yet
- ETX2250Data visualisation and analyticsNo reviews yet
- ETC5242Statistical thinkingNo reviews yet
- ETF5231Business forecastingNo reviews yet
- FIT5197Statistical data modellingNo reviews yet
Prohibitions
You can't enrol if you have passed any of these.
After ETF5500
No unit lists ETF5500 as a prerequisite in the 2021 handbook.
Enrolment rules
If you do not meet the prerequisite you must be granted permission by the Chief Examiner to undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
In many fields of business, analysts must deal with data on many variables, for example; surveys with a large number of questions. In such cases, statistical tools known as multivariate methods must be used to analyse the data and drive business decisions.
This unit covers such methods in three sections: Cluster Analysis, Discriminant Analysis and MANOVA can be used to identify, predict and test for differences groups such as between distinct classes of customers or products; Principal Components Analysis, Correspondence Analysis and Multidimensional Scaling are dimension reduction methods that help analysts to visualise complicated datasets; and finally, Factor Analysis and Structural Equation Modelling are used to predict and test theories and explain and predict business outcomes.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
demonstrate an understanding of the role that multivariate statistical techniques such as factor analysis, structural equation modelling, logistic regression, categorical data analysis, cluster analysis, multidimensional scaling and correspondence analysis play in uncovering relationships and patterns in survey data
- 2
appraise the strengths and limitations of these techniques
- 3
apply tools in R to generate solutions for the appropriate statistical techniques
- 4
demonstrate skills in using the appropriate statistical techniques from a user and provider perspective
- 5
demonstrate skills in communicating the results of the analysis so that decision making can be implemented.
Workload and teaching
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Where it fits
ETF5500 is part of 1 area of study in the 2021 handbook.
Contacts
- Chief Examiners
- Dr Ruben Loaiza Maya
Common questions
What are the prerequisites for ETF5500?
You need ETC1010, ETC5510, ETF5922, ETC2420, ETC5550, ETW2001, ETC3550, ETF3231, ETX2250, ETC5242, ETF5231 or FIT5197 before you enrol. Enrolment rules also apply.
When is ETF5500 offered?
In 2021, ETF5500 runs in Semester 2 at Caulfield.
How much work is ETF5500?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETF5500 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ETF5500?
ETF5500 is part of Financial and risk management.