Corporate Finance Institute
Classification – Fundamentals & Practical Applications


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.

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

Led by Paul van Loon

Level 4

Approx 2.5h to complete

100% online and self-paced

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What you'll learn


Qualified Assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

FinTech Industry Professional (FTIP™)

  • Skills Learned Financial Technology Fundamentals, Data Science and Machine Learning, Cryptocurrencies and Blockchain
  • Career Prep Data Science and Machine Learning, Data Analyst, Business Analyst, Software Developer

What Our Members Say

Great course, great material, great instructors, fantastic learning experience.

George Sifri

Good course to refresh some classification regression ideas
Practice in Phyton for this course is cumbersome


Excellent Course
Excellent Course with Simple Explanation

jacoub gultom

Very Informative
As in all courses from CFI I learned a lot of things I can apply at work the very next day

Scott LaBrec

Frequently Asked Questions

If you haven’t found your answer from our FAQ, please send us a message.
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
If you haven’t found your answer from our FAQ, please send us a message.
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