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Unit outline_

QBUS6850: Machine Learning for Business

Semester 2, 2023 [Normal day] - Camperdown/Darlington, Sydney

Machine Learning is a fundamental aspect of data analytics that automates analytical model building in modern business. In the big data era, managers are able to use very large and rich data sources and to make business decisions based on quantitative data analysis. Machine Learning covers a range of state-of-the-art methods/algorithms that iteratively learn from data, allowing computers to find hidden patterns and relationships in such data so as to support business decisions. This unit introduces modern machine learning techniques and builds skills in using data for everyday business decision making. Topics include: Machine Learning Foundation; Modern Regression Methods; Advanced Classification Techniques; Latent Variable Models; Support Vector Machines (SVM) and Kernel Methods; Artificial Neural Networks; Deep Learning; and Machine Learning for Big Data. Emphasis is placed on applications involving the analysis of business data. Students will practise applying machine learning algorithms to real-world datasets by using an appropriate computing package.

Unit details and rules

Academic unit Business Analytics
Credit points 6
Prerequisites
? 
QBUS6810
Corequisites
? 
None
Prohibitions
? 
None
Assumed knowledge
? 

None

Available to study abroad and exchange students

No

Teaching staff

Coordinator Jie Yin, jie.yin@sydney.edu.au
Type Description Weight Due Length
Supervised exam
? 
Final exam
Closed book Exam
50% Formal exam period 2.5 hours
Outcomes assessed: LO1 LO2 LO3 LO7 LO4
Supervised test
? 
Mid-semester exam
Closed book Exam
25% Week 08 1.5 hours
Outcomes assessed: LO1 LO2 LO3 LO4 LO7
Assignment group assignment Group project
Computational analysis and written report
25% Week 13
Due date: 30 Oct 2023 at 17:00

Closing date: 06 Nov 2023
Details in the project document
Outcomes assessed: LO1 LO2 LO3 LO4 LO5 LO6 LO7
group assignment = group assignment ?

Assessment summary

Group project: This assignment will assess students ability to implement, evaluate and analyse machine learning models in an applied setting.

Mid-semester exam: This is a comprehensive exam that covers topics covered in the first half of the semester.

Final exam: This is a comprehensive exam that covers topics covered in the the semester.

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Distinction

75 - 84

Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Credit

65 - 74

Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Pass

50 - 64

Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

Use of generative artificial intelligence (AI) and automated writing tools

You may only use generative AI and automated writing tools in assessment tasks if you are permitted to by your unit coordinator. If you do use these tools, you must acknowledge this in your work, either in a footnote or an acknowledgement section. The assessment instructions or unit outline will give guidance of the types of tools that are permitted and how the tools should be used.

Your final submitted work must be your own, original work. You must acknowledge any use of generative AI tools that have been used in the assessment, and any material that forms part of your submission must be appropriately referenced. For guidance on how to acknowledge the use of AI, please refer to the AI in Education Canvas site.

The unapproved use of these tools or unacknowledged use will be considered a breach of the Academic Integrity Policy and penalties may apply.

Studiosity is permitted unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission as detailed on the Learning Hub’s Canvas page.

Outside assessment tasks, generative AI tools may be used to support your learning. The AI in Education Canvas site contains a number of productive ways that students are using AI to improve their learning.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

WK Topic Learning activity Learning outcomes
Week 01 Machine Learning Foundation Lecture (2 hr) LO1 LO2 LO4 LO5
Week 02 Neural Networks I Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Machine Learning Foundation Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 03 Neural Networks II Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Neural Networks I Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 04 Neural Networks III Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Neural Networks II Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 05 Neural Networks IV Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Neural Networks III Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 06 Deep Learning for Text Analytics I Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Neural Networks IV Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 07 Deep Learning for Text Analytics II Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Deep Learning for Text Analytics I Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 08 Mid-term Exam Lecture and tutorial (2 hr) LO1 LO2 LO3 LO4 LO5 LO7
Week 09 Advanced Classification Techniques I Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Deep Learning for Text Analytics II Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 10 Advanced Classification Techniques II Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Advanced Classification Techniques I Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 11 Recommendation System I Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Advanced Classification Techniques II Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 12 Recommendation Systems II Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Recommendation System I Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5
Week 13 Summary/Guest Lecture Lecture (2 hr) LO1 LO2 LO3 LO4 LO5
Recommendation Systems II Tutorial (2 hr) LO1 LO2 LO3 LO4 LO5

Attendance and class requirements

Lecture recordings: All lectures and seminars are recorded and will be available on Canvas for student use. Please note the Business School does not own the system and cannot guarantee that the system will operate or that every class will be recorded. Students should ensure they attend and participate in all classes.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. differentiate different types of learning algorithms and identify the advantages and limitations of each method
  • LO2. build a strong machine learning skill set for business decision making
  • LO3. create machine learning models for studying relationship amongst business variables
  • LO4. work with various data sets and identify problems within real-world constraints
  • LO5. demonstrate proficiency in the use of statistical software, e.g. Python, for machine learning model implementation
  • LO6. work productively and collaboratively in a team
  • LO7. present and write insights and suggestions effectively, professionally and ethically.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

Order of modules has been changed.
  • Main Software: Python is the main software to be utilised in this unit and is available in all the computer labs in the Business School Codrington Building (H69). You are encouraged to use your own computer/laptop. Please refer Canvas site of the unit on how to install the software.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.