This course provides an analytical framework to help you evaluate key problems in a structured fashion and will equip you with tools to better manage the uncertainties that pervade and complicate business processes. To this end, the course aims to cover statistical ideas that apply to managers by discussing two basic themes: first, is recognizing and describing variations present in everything around us, and then modeling and making decisions in the presence of these variations. The fundamental concepts studied in this course will reappear in many other classes and business settings. Our focus will be on interpreting the meaning of the results in a business and managerial setting.
This course is part of the Managerial Economics and Business Analysis Specialization
About this Course
Skills you will gain
University of Illinois at Urbana-Champaign
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TOP REVIEWS FROM INFERENTIAL AND PREDICTIVE STATISTICS FOR BUSINESS
Everyone should take this course! And you should also re-take it throughout your life. This knowledge is truly essential.
GREAT COURSE - GREAT PROFESSOR
VERY WELL DOCUMENTED AND CHALLENGING PACE AS WELL AS HIGH LEVEL OF EXAMPLES AND TESTS
Great course! Incredibly well organized and clear. I was terrified of Stats before I took this class, now I feel confident and am seeing my entire world differently. Thank you!
Concepts are well explained with very good examples.Also doing it in excel makes it easier.
Thanks!Great course for beginners
About the Managerial Economics and Business Analysis Specialization
In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment in which they operate. In this specialization, you will build a solid understanding of the operation of markets and the macro-economic environment with real-world examples. You will be able to identify firm and country-level economic factors that impact business decisions, develop an analytical framework using statistical tools, and apply economic theory and data in the analysis of business environment and trends to make effective business decisions.
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