IFN619 Data Analytics for Strategic Decision Makers Semester I 2020 Assessment 1 – Data Analytics Notebook Queensland University of Technology
Foundational to asking good questions, and answering them with data analytics, is an understanding of potential data sources, the kinds of techniques that may be used to process and analyse those data, and an ability to present the final analytics in a way that is meaningful for the stakeholders.
This assessment will involve the creation of two Jupyter notebooks, demonstrating your understanding of the technical process required to ask good questions and obtain meaningful answers using data analytics.
You will use your knowledge from the lectures together with the techniques practiced in the tutorial sessions, and apply both to completing a basic skils notebook, and creating another notebook that answers 2 questions. You will not only perform the necessary analysis steps, but also provide an explanation of your decision process.
Successful completion of this task will demonstrate:
You must submit 2 Jupyter notebooks which together will:
You will use the code cells of the notebook to demonstrate your grasp of analysis techniques, and you will use the markdown cells to (a) craft a narrative linking the analysis to the question, and (b) document your decision making.
Further detail on the steps required to produce the notebooks is outlined in the ‘detailed instructions’ section below.
The assessment will be completed in 2 parts:
Starting data: https://fred.stlouisfed.org/
Starting Data: https://www.kaggle.com/therohk/million-headlines
From the 3 questions listed above, choose 2 and address the question by analysing one or more open data. You should ensure that your choice of questions enables you to best demonstrate your grasp of the required data processing, analysis and visualisation techniques.
In your analysis and visualisation for each question, you must at least draw on one or more techniques that have been covered in the lectures. You may, if you choose, supplement these techniques with other techniques that you have investigated yourself.
It is critical that you document your thinking behind the selection of techniques as you will be assessed on your critical thinking and your ability to execute that thinking within the Jupyter notebook environment. You need to demonstrate that you understand the techniques that you are using, therefore it is better to use simpler techniques and show understanding than it is to employ complex techniques and show limited or no understanding.
You will NOT be assessed on the quality of your code apart from its utility to perform the necessary tasks.
The notebook should tell a story (narrative) based on each selected question, that starts with the data selection, moves through the analysis, visualisation of the analytics, and concludes with connecting insights to the question under consideration. The story should make sense to potential stakeholders of the question/data.
For each step, you must document your decision making and explain why you did what you did. This description of thinking should align with the overall narrative.
if you wish. The data may need to be processed prior to analysis, including cleaning in certain cases depending on the analysis techniques being employed.
You must submit a completed Jupyter notebook that has been run completely (all cells run in order), and which has no errors. You need to include data used by your notebook, so that the marker can re-run the notebook and verify the cell results. Both the notebook and the data should be zipped together and submitted via blackboard. Ensure that you name all files with your student number and name.
This assessment is criteria referenced, meaning that your grade for the assessment will be given based on your ability to satisfy key criteria. Refer to the attached Criteria Sheet and ensure that you understand the detailed criteria.
It is important to realise that the assessment does not only require that you know or understand, but also that you demonstrate or provide evidence of your understanding. This means that you are making your knowledge and understanding clear to the person marking your assignment.
You will not receive marks or percentages for this assessment. You will receive an overall grade (e.g. pass - 4, high distinction - 7) based on the extent to which you meet the criteria. In general, the most important criteria (criteria 1-5) will be essential to the grade, and the least important (criteria 6-7) will affect the grade when important criteria results conflict or are ambiguous.
The following resources may assist with the completion of this task:
Questions related to the assessment should be directed initially to your tutor during the lab session or on the appropriate slack channel. Your tutor may address these for the benefit of the whole class.
The teaching team will not be available to answer questions outside business hours, nor immediately before the assessment is due.
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