About this course: 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.
Created by: University of Colorado Boulder
Taught by: Manuel Laguna, Professor
Leeds School of Business
| Basic Info |
Course 3 of 5 in the
Advanced Business Analytics Specialization.
|
| Commitment | 4 weeks of study, 3-4 hours per week |
| Language | English |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
Syllabus
WEEK 1
Data Exploration and Reduction — Cluster Analysis
7 videos, 2 readings
Graded: Week 1 Quiz
Graded: Week 1 Application Assignment - Clustering
WEEK 2
Dealing with Uncertainty and Analyzing Risk
7 videos
Graded: Week 2 Quiz
Graded: Week 2 Application Assignment - Monte Carlo Simulation
WEEK 3
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
7 videos
Graded: Week 3 Quiz
Graded: Week 3 Application Assignment - Linear Optimization
WEEK 4
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 constr...
6 videos
Graded: Week 4 Quiz
Graded: Week 4 Application Assignment - Simulation Optimization
FAQs
How It Works
Coursework
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Creators
University of Colorado Boulder
CU-Boulder is a dynamic community of scholars and learners on one of the most spectacular college campuses in the country. As one of 34 U.S. public institutions in the prestigious Association of American Universities (AAU), we have a proud tradition of academic excellence, with five Nobel laureates and more than 50 members of prestigious academic academies.
Pricing
| Audit | Purchase Course | |
|---|---|---|
| Access to course materials | Available | Available |
| Access to graded materials | Not available | Available |
| Receive a final grade | Not available | Available |
| Earn a shareable Course Certificate | Not available | Available |
Ratings and Reviews
it was an eye opener to those who love data mining and anlysis
D
very well presented. best in the specialization so far
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CP
Just few points to make it better 1) This course uses another platform which explicity not aware of when took up course. 2) getting installation to work with is also some time challenging with book code , time boundness , Plug-in to excel, cyber security issues etc. 3) Some of the questions numbers mentioned in the quiz which are not available. Ex: week 4 , Question 10,11 and 12 will guide you through and I have only 4 questions to answer. I had observed this in some other quiz also. Overall it was good. Thank you