In this course you will learn how to create models for decision making. We will start with cluster analysis, a technique for data reduction that is very useful in market segmentation. You will then learn the basics of Monte Carlo simulation that will help you model the uncertainty that is prevalent in many business decisions. A key element of decision making is to identify the best course of action. Since businesses problems often have too many alternative solutions, you will learn how optimization can help you identify the best option. What is really exciting about this course is that you won’t need to know a computer language or advanced statistics to learn about these predictive and prescriptive analytic models. The Analytic Solver Platform and basic knowledge of Excel is all you’ll need. Learners participating in assignments will be able to get free access to the Analytic Solver Platform.
The techniques and tools covered in Business Analytics for Decision Making are most similar to the requirements found in Business Analyst job advertisements.
Similarity Scores (Out of 100)
Graduate Degrees - University of California, Berkeley
Graduate Degrees - Duke University
Graduate Degrees - University of Maryland, College Park
Graduate Degrees - Purdue University
Graduate Degrees - Southern Methodist University