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.
This course is part of the Advanced Business Analytics Specialization
About this Course
Skills you will gain
- Data Analysis
- Business Analytics
- Mathematical Optimization
Syllabus - What you will learn from this course
Data Exploration and Reduction — Cluster Analysis
Dealing with Uncertainty and Analyzing Risk
Identifying the Best Options — Optimization
- 5 stars71.10%
- 4 stars21.50%
- 3 stars5.29%
- 2 stars1.25%
- 1 star0.85%
TOP REVIEWS FROM BUSINESS ANALYTICS FOR DECISION MAKING
The hard part is actually having to buy the ASP :') nevertheless, i gain a very deep understanding on how i can use prescriptive analytics in everyday business. Thankyou very much !
Through this course now i m able to to understand difference in all aspects, when to use which model ,how to perform simulation and optimization using Analytic Solver Platform.
I would like to recommend this course to the business analyst aspirants. It is really intriguing and helps to develop analytical skills. The examples and assignments are perfect to train a beginner.
A good learning Platform and i have learned so many parameters and easy way to optimize Data with this course. Very happy to taken this course before and after.
About the Advanced Business Analytics Specialization
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