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.
Ce cours fait partie de la Spécialisation Advanced Business Analytics
Business Analytics for Decision Making
Offert par
À propos de ce cours
Compétences que vous acquerrez
Certificat partageable
100 % en ligne
Cours 3 sur 5 dans le
Dates limites flexibles
Approx. 11 heures pour terminer
Anglais
Programme du cours : ce que vous apprendrez dans ce cours
Data Exploration and Reduction — Cluster Analysis
Dealing with Uncertainty and Analyzing Risk
Identifying the Best Options — Optimization
At the end of this module students should be able to: 1. Develop a spreadsheet model for an optimization problem 2. Use Excel to solve optimization models 3. Interpret solutions and conduct what-if analysis
Decision Analytics
At the end of this module students should be able to: 1. Given a business situation, apply an appropriate technique to identify the best solution alternatives 2. Formulate and solve models for business problems that requires yes/no decisions and logical constraints 3. Create models that mix techniques and tools such as simulation and optimizationAnalyze and interpret results to make informed decisions
Avis
4.5
Meilleurs avis pour BUSINESS ANALYTICS FOR DECISION MAKING
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.
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.
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.
This course provides a brilliant overview of Business Analytics problems. Bit more details about the underlying mathematical techniques used would be helpful.
Loved the optimization concepts, and the various industry examples provided because it opened my eyes to how it applies to my industry (higher education).
Great learning opportunity Through Mr. Laguna its an outstanding way of bringing the classes for our business processes right at the desktop for our e
Interesting course, but it just scratches the surface of a very deep subject. It inspired me to learn more and understand the math better.
Very informative course. The only downside is about the tool not easy to be used and replicate on Mac machines.
I love everything about the theory and the knwolege that you can get. I wished they didnt use xlminer.
Very interesting, covered a lot of information very thoroughly for a 4-week course. Well-explained.
Happy to participate in Course, It extraordinary platform for Job Goers who like to be up to date
This a a very good course. it has lots of exercises in modelling and solving business problems
À propos de Université du Colorado à Boulder
À propos du Spécialisation Advanced Business Analytics
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Une fois que vous êtes inscrit(e) pour un Certificat, vous pouvez accéder à toutes les vidéos de cours, et à tous les quiz et exercices de programmation (le cas échéant). Vous pouvez soumettre des devoirs à examiner par vos pairs et en examiner vous-même uniquement après le début de votre session. Si vous préférez explorer le cours sans l'acheter, vous ne serez peut-être pas en mesure d'accéder à certains devoirs.
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Lorsque vous vous inscrivez au cours, vous bénéficiez d'un accès à tous les cours de la Spécialisation, et vous obtenez un Certificat lorsque vous avez réussi. Votre Certificat électronique est alors ajouté à votre page Accomplissements. À partir de cette page, vous pouvez imprimer votre Certificat ou l'ajouter à votre profil LinkedIn. Si vous souhaitez seulement lire et visualiser le contenu du cours, vous pouvez accéder gratuitement au cours en tant qu'auditeur libre.
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