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Developing Statistical Models is What Makes MBA Cum Laude Graduate Tick

2017/04/19 10:41:21 AM

Mr Dane Bax is a Data Scientist so it’s not surprising that the MBA cum laude graduate has developed a novel econometric approach to estimating residential property prices in coastal sub-markets within KwaZulu-Natal.


MBA cum laude graduate Mr Dane Bax. 

Mr Dane Bax is a Data Scientist so it’s not surprising that the MBA cum laude graduate has developed a novel econometric approach to estimating residential property prices in coastal sub-markets within KwaZulu-Natal.

Simply put, Bax who works for Derivco - a leading developer of software for the online gaming industry - created a software application based on using a statistical model that reduces the results of a residential property price search by making it easy for a non-statistical person to obtain flat price estimates. The study was supervised by Dr Mihalis Chasomeris.

‘A user simply selects the physical attributes and location of the flat they want to buy or sell and obtains the average price of the property,’ said Bax. ‘This research is unique due to the statistical model used and the fact that there has not been any previous focus on developing hedonic residential property price models in KwaZulu-Natal.’

While one might think that statistical knowledge comes easily to a data scientist, Bax was still faced with the challenge of learning a statistical programming language known as R which was not easy.

‘Initially, learning R was very challenging. However, I now use R every day and the indirect benefits of my research have been exponential! The statistical modelling was the best part of my research as I was able to perform a myriad of statistical tests and learn about procedures such as bootstrapping to check my models’ accuracy,’ he said.

Seeking a balance between his practical software skills and leadership skills that would empower him with the ability to be a critical thinker is what motivated Bax to pursue an MBA.

‘The MBA experience was incredible, I grew so much not only in terms of broadening my business acumen but also in terms of refining my softer skills. I now have the ability to engage in meaningful discussions with senior management and executives, unpacking strategy into measurable goals. The MBA has provided me with a broad business acumen that I can leverage whether I work for an employer or go out and consult on my own,’ he said.

Outside of his research, an interesting aspect about Bax is the fact that he is a quadruplet (two brothers and one sister) making his graduation a huge family celebration!

Thandiwe Jumo

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