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.
About this Course
Skills you will gain
- 5 stars71.14%
- 4 stars21.48%
- 3 stars5.25%
- 2 stars1.25%
- 1 star0.85%
TOP REVIEWS FROM BUSINESS ANALYTICS FOR DECISION MAKING
Awesome pedagogy and syllabus of the course. Learnt a lot of new concepts, practiced them and understood through a series of case study analysis and quizzes. Great.. !!
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.
The instructor is great. However, I would like to know the solutions for the exam. I sometimes pass the exam but struggle with certain questions but had no clue how to resolve it.
Very interesting subject with a good instructor. I'd like to be able to cover the content in more detail, but it was a good introduction to optimization theory.
About the Advanced Business Analytics Specialization
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