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.
This course is part of the Advanced Business Analytics Specialization
About this Course
Skills you will gain
- Data Analysis
- Business Analytics
- Mathematical Optimization
Syllabus - What you will learn from this course
Data Exploration and Reduction — Cluster Analysis
Dealing with Uncertainty and Analyzing Risk
Identifying the Best Options — Optimization
- 5 stars71.14%
- 4 stars21.45%
- 3 stars5.29%
- 2 stars1.25%
- 1 star0.85%
TOP REVIEWS FROM BUSINESS ANALYTICS FOR DECISION MAKING
Kindly try to accommodate tools which work for everyone. It is difficult to progress without the proper functioning of the tools in this case Simulation one.
Well explained course. All excel sheets shared are very useful. It looks like I am actually woraking in a company and solving real managerial problem. Very claverly formed course
this course helped me to learn decision making througu descriptive predictive prescriptive analysis and optimization models , how to build simulation optimization
Training course was very useful in decision making with analytical tools to cope up with risk analysis, data optimization, evaluating scenarios, binary model decision making etc.
About the Advanced Business Analytics Specialization
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