Data Analytics Capstone Project: predicting GDP and per-sector markets using alternative data

How can we use alternative data to gain a competitive edge?

This course is a detailed examination of how luminescence data (light emissions from industrial or materials production) can act as a proxy for macro variables like GDP or the performance of a sector.


This course is for data analysts with some background in Python. It’s also suitable for asset managers, trading desks, structurers and others.

Learning Outcomes

Participants will be able to:

  • Describe the challenges of turning alternative data into a form amenable to analysis
  • Clean a dataset
  • Assess the statistical significance of correlations and other signals in the data
  • Optimise a model to fit and predict market price outcomes

Course Content

  • Overview: how luminescence data is gathered and challenges in ‘cleaning’ it
  • Participants decide how to clean, then clean a luminescence dataset that has outlier or missing values
  • Statistics recap: measuring significance with chi-squares, p-scores etc. Workshop: how is this done in Python?
  • Multidimensional regression modelling – which features or combination of features in the dataset can lead to a significant prediction of e.g. GDP or industry sector performance?
  • Workshop: find a significant correlation or predictor using Python
  • Concluding thoughts: was the 2020 recession predictable using these methods?


of our clients would recommend Alpha to a colleague or peer


of a cohort was promoted within 2 years after participating in an Alpha course.


of participants felt more confident in their role, following an Alpha commercial leadership course.

Why study with Alpha?

Innovation and creativity born from experience

We are thought leaders in instructional and learning journey design and holistic solution architects. We have extensive finance and investments experience combined with skills application to deliver performance improving results. We develop immersive learning environments that maximize time to productivity, support talent retention and added value to improving quality of hires.

Knowledge Exchange Evangelists

We are focused on mining the embedded organisational intellectual capital for the benefit of the next generation. We create and curate best in class practice gathered from our experience with the leading financial institutions. We design our programmes with the end in mind – what results are you trying to achieve with this intervention? What metrics will we set ourselves to achieve that?

Generation Proof

Quality and innovation, using current market and industry best practices, have made us a trusted partner in delivering dynamic and motivating training for the financial and capital markets. Our programmes are generation proof and responsive to evolving learner needs and styles. Our solutions use a multi-stakeholder engagement strategy that expands beyond relationships between the learner and learning provider. We create connections with managers, peers and the wider business to drive impactful return on investment..

Enquire now

"*" indicates required fields

This form collects your contact information so that we can correspond with you.
Check out our privacy policy for more information about how we protect and manage your data.
This field is for validation purposes and should be left unchanged.
The team are so friendly and pleasant to work with, everyone is very professional and keen to help us. Building a relationship over the past couple of years helps us to feel like the Alpha team are even more able to understand our needs and provide more proactive solutions.
Find out more about our in-house training courses