About this course: Marketers must make the best decisions based on the information presented to them. Rarely will they have all the information necessary to predict what consumers will do with complete certainty. By incorporating uncertainty into the decisions that they make, they can anticipate a wide range of possible outcomes and recognize the extent of uncertainty on the decisions that they make. In Incorporating Uncertainty into Marketing Decisions, learners will become familiar with different methods to recognize sources of uncertainty that may affect the marketing decisions they ultimately make. We eschew specialized software and provide learners with the foundational knowledge they need to develop sophisticated marketing models in a basic spreadsheet environment. Topics include the development and application of Monte Carlo simulations, and the use of probability distributions to characterize uncertainty.
Who is this class for: Prerequisites: It is recommended that you complete the "Meaningful Marketing Insights" course offered by Coursera before starting this course. Learners should have the ability to extract information from the data available and make meaningful insights, understanding of regression methods, and basic knowledge of Microsoft Excel.
Taught by: David Schweidel, Associate Professor of Marketing
Goizueta Business School
| Basic Info |
Course 2 of 6 in the
Foundations of Marketing Analytics Specialization.
|
| Level | Intermediate |
| Language | English |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
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| 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 |
Great course with very applicable skills for professional or personal life.
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In one word: USEFUL. And that is a lot these days. I use the concepts (and excel tools) everyday!