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Masters in Advanced Analytics and Decision Sciences

STA5003W & STA5004W: Masters in Advanced Analytics and Decision Sciences

This masters programme is composed of two equally weighted components. STA5003W is the course work component, followed by STA5004W as a 50% dissertation on a selected research topic. The programme will be open to both students with a Statistics honours degree (with a mark of at least 65%) and students who may not have a statistics background but holds a honours degree (with a mark of at least 65%) in another discipline, that contained a substantial component of quantitative training, as assessed by the head of the Department of Statistical Sciences. Students who do not have a qualification in Statistics at honours level, will be required to pass some pre-courses (STA5014Z) before being allowed to register for the programme.

STA5003W requires the student to complete a combination of core and elective modules that add up to 90 credits. Students need to complete the core modules for their specialisation and elective modules with the option of completing up to two specialisation modules in a different department or honours level courses.  The following modules form part of the masters programme although not all modules will be offered every year; modules offered will depend on staff availability and the course will be tailored to the interests and needs of the particular students. The specialisation modules allows for streaming in the popular areas of Statistics and its applications: Data Science, Mathematical Statistics, Biological Statistics, Financial Statistics and Operations Research.

General degree: No Specialization

Simulation and Optimisation STA5071Z 15 credits
Advanced Topics in Regression STA5080Z 15 credits
Multivariate Statistics STA5069Z 15 credits

Financial Specialization

Simulation and Optimisation STA5071Z 15 credits
Financial Econometrics STA5065Z 15 credits
Advanced Portforlio STA5086Z 15 credits

Operational Research Specialization

Simulation and Optimisation STA5071Z 15 credits
Problem Structuring and Systems Dynamics STA5070Z 15 credits

Advanced Analytics Specialization

Simulation and Optimisation STA5071Z 15 credits
Advanced Topics Regression STA5090Z 15 credits
Multivariate Statistics STA5069Z 15 credits
Machine Learning STA5068Z 15 credits
Python Programming (offered by Computer Science Department   15 credits
Database Management(offered by Computer Science Department   15 credits

Elective Modules:

Advanced Topics in Regression STA5090Z 15 credits
Multivariate Statistics STA5069Z 15 credits
Financial Econometrics  STA5065Z 15 credits
Advanced Portfolio Theory                                        STA5086Z 15 credits
Problem Structuring and System Dynamics STA5070Z  15 credits
Machine Learning STA5068Z  15 credits
Bayesian Decision Modelling STA5061Z 15 credits
Causal Modelling  STA5062Z 15 credits
Design of Clinical Trials                                           STA5063Z 15 credits
Ecological Statistics STA5064Z 15 credits
Mathematical Modelling for Infectious Diseases STA5066Z 15 credits
Longitudinal Data Analysis  STA5067Z 15 credits
Survival Analysis STA5072Z 15 credits
Bioinformatics for high-throughput biology IBS5004Z 15 credits
Data Analysis for High Frequency Trading STA5091Z 12 credits