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Corporate Finance Institute
Classification - Fundamentals & Practical Applications

Overview

Classification – Fundamentals & Practical Applications

Classification problems are one of the most common scenarios we face in data science. This course will help you understand and apply common algorithms to make predictions and drive decision-making in business.

Whether you’re an aspiring data scientist, studying analytics, or have a focus on business intelligence, this course will give you a comprehensive overview of classification problems, solutions, and interpretations.

A slide describing what classification is. Specifically that it splits targets into categories.

From Logistic Regression to KNN and SVM models, you’ll learn how to implement techniques in Excel and Python and how to create loops to run models in parallel. 

Since model evaluation is so important, we’ll dedicate a whole chapter to interpreting model outputs with evaluation metrics and the confusion matrix. With this, you’ll learn about false negatives, and false positives, and consider the impacts these may have on specific business scenarios.

Finally, we’ll give you a brief insight into more advanced classification techniques such as feature importance, SHAP values, and PDP plots.

A slide explaining decision trees, a type of classification model.

Classification Fundamentals Learning Objectives

Upon completing this course, you will be able to:

  • Distinguish between classic classification techniques including their implicit assumptions and practical use-cases
  • Perform simple logistic regression calculations in Excel & RegressIt
  • Create basic classification models in Python using statsmodels and sklearn modules
  • Evaluate and interpret the performance of classification model outputs and parameters

This image shows classification evaluation metrics generated in Python.

This Classification Course is a Core Course of CFI’s BIDA™ Program

The
Business Intelligence & Data Analyst (BIDA)™ program will take you on a
highly interactive and hands-on journey through the world of data science and
business intelligence.

From theory and interactive questions to applied Python
workbooks, data science models, and interactive dashboards in Tableau, our
instructors will walk you through countless real-world scenarios and exercises.

The program is ideal for students who want to learn how to
analyze data more effectively, save time with automation, or be a general
data pro at work. With a well-rounded knowledge of both BI and data science,
learners are well-equipped to take on roles in Business Intelligence, Data
Science, Data Analysis, Quantitative Analysis, and other data careers.

Who Should Take This Course?

Whether you’re an aspiring data scientist, studying analytics, or have a focus on business intelligence, this classification course will serve as your comprehensive introduction to this fascinating subject.

You’ll learn all the key terminology to allow you to talk data science with your teams, benign implementing analysis, and understand how data science can help your business.

Classification - Fundamentals & Practical Applications

Get Started

Level 4

Approx 2.5h to complete

100% online and self-paced

Subscribe to get access to BIDA and other programs

From $497/year

Learn More

What you'll learn

Lesson
Multimedia
Exams
Files
Qualified Assessment

Become a certified Business Intelligence & Data Analyst (BIDA)™ Certification

Classification – Fundamentals & Practical Applications is part of the Business Intelligence & Data Analyst (BIDA)™ certification, which includes 25 courses.

Business Intelligence & Data Analyst (BIDA)™ Certification
  • Skills Learned Data visualization, data warehousing and transformation, data modeling and analysis
  • Career Prep Business intelligence analyst, data scientist, data visualization specialist

Path to certification

Prep courses

4 courses from beginner to intermediate level.

01 Optional

Core courses

14 courses from beginner to intermediate level.

02 Required

Elective courses

7 courses in advanced and intermediate levels.

03 Optional

Get certified

Submit your BIDA checklist and order your certificate.

04 Required

Join our community

Get access to the Global Corporate Finance Society.

05 Optional

How the certification works

Business Intelligence & Data Analyst (BIDA)™ courses are offered 100% online, allowing you the flexibility to start the Business Intelligence & Data Analyst (BIDA)™ program anytime and learn when it’s most convenient for you.

The program is a part of the All Access Subscription, which includes all programs and courses.

CFI courses are designed by instructors with over 21 years of financial analyst training experience.

Students must complete all core and elective courses (17 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified (BIDA)™ Certification will be emailed to you.

What our students say

Good Course
Good Prog

Trinity Tatenda Black

The most awesome practical application of classifications
With this knowledge I am in a position to classify data in a very precise manner.

Vincent Oluoch

Add a headline
Add a headline

Idris Adeniran

Great
Great

Timothy Funmilola

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Frequently asked questions

What are the requirements to take the courses?
All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements
Can I download the Excel files and financial modeling templates for the course?
Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.
How long do I have to complete the courses?
You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.
Are CFI courses officially accredited?
Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.
Are there any additional fees or costs?
None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.
What currency are your courses priced in?
All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.
How do I earn my certificates?
Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.
How are the exams conducted?
Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment
Can I email the instructor if I have questions?
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.
Will these courses help me advance my career?
Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.
More Questions?
You can view more detailed information through our Help Center or Email us and we'll be happy to answer any of your questions
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