Current Business Analytics Overview

This one- or two-day seminar provides an overview of the most widely used business analytics and statistical metrics and methods, the assumptions that must hold for them to return valid insights, and where they have been shown to be most applicable.  The seminar includes brief overviews of the more modern computer intensive methods such as machine learning and categorization trees, a brief discussion of data visualization, and common software packages.

The participants individually conduct each step in the process using an example investigation.


Course Outline: Current Business analytics overview

Day 1 - Morning

1.  A specific question or interest

 2.  A target population

 3.  Parameter of interest

 4.  Frame

 5.  Sampling plan

 

6.  Describing data

 7.  Probability

 8.  Random variable

 9.  Types of random variables

 10. Probability distributions

 11. Well-known probability distributions

Group Lunch

Day 1 - Afternoon

12.  Inference

 13.  Sampling Distributions

 14.  Confidence Interval Estimates

 15.  Hypothesis testing

 16.  Relationships between variables:  Correlation

 17.  Relationships between variables:  Linear Regression

 

18.  Making decisions and the value of information