Marketing Analytics

DescriptionQuantityAmountTotalTax
Course Fee1R 5,037.00R 5,037.00R 0.00 (0%)
Total amountR 5,037.00
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Overview

Marketers want to understand and forecast how customers purchase products and services and how they respond to marketing initiatives. Learn how analytics help businesses drive marketing to maximise its effectiveness and optimise return on investment (ROI).

In this course, part of the Business Analytics MicroMasters® programme, discover how to develop quantitative models that leverage business data, statistical computation, and machine learning to forecast sales and marketing impact for:

  • customer relationship management;
  • market segmentation;
  • value creation;
  • communication;
  • monetisation.

You will learn how to use probabilistic models and optimisation tools to model customer demand forecasts, pricing sensitivity, Lifetime Value and how to leverage such data to make optimal decisions on designing new products, marketing segmentation and strategy.

Associated Programmes: Business Analytics MicroMasters® Programme

Business Analytics MicroMasters® Programme
Columbia’s MicroMasters® programme in Business Analytics will empower learners with the skills, insights and understanding to improve business performance using data, statistical and quantitative analysis, and explanatory and predictive modelling to help make actionable decisions.

Analytics in Python
Learn the fundamental of programming in Python and develop the ability to analyse data and make data-driven decisions.
View the course

Data, Models and Decisions in Business Analytics
Learn fundamental tools and techniques for using data towards making business decisions in the face of uncertainty.
View the course

Marketing Analytics
Develop quantitative models that leverage business data to forecast sales and support important marketing decisions.
View the course

Demand and Supply Analytics
Learn how to use data to develop insights and predictive capabilities to make better business decisions.
View the course

Prerequisites:

  • Undergraduate probability, statistics and calculus. 
  • Familiarity with R or a similar programming language.

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  • Start Date
    28 January 2019
  • Programme duration
    12 weeks
  • Estimated effort
    8 to 10 hours per week
  • Fee
    R5037
  • Institution
    ColumbiaX
  • Language
    English
Start Dates

Skills acquired after the course:

  • Demand forecasting using customer-base models and statistical approaches
  • Market segmentation methods and best practices for identifying potential customer segments and focused targeting
  • Computation of Customer Lifetime Value for analysing customer, brand loyalty and forecasting revenue in the short and long run
  • Factors to consider while designing and introducing new products to the market
  • Calculating Optimal Pricing for products and services to get the best ROI
  • Assessing Marketing ROI for making better and data-driven decisions
     

Course Syllabus

Week 1: Introduction to Marketing Analytics and Customer Analysis

Week 2: Market Segmentation

Week 3: Preference measurement

Week 4: Consumer Choice Models

Week 5: Customer Lifetime Value

Week 6: New Product Decisions

Week 7: New Product Decisions

Week 8: New Product Decisions

Week 9: Pricing Analytics and Optimisation

Week 10: Pricing Analytics and Optimisation

Week 11: Advertising

Week 12: Sales Promotions and Course Review

Meet Our Faculty

Kamel Jedidi
John Howard Professor of Business and Chair of the Marketing Division
Asim Ansari
William T. Dillard Professor of Marketing

Student Advisors

Arlene Lanser
Pearson Professional Student Advisor