
- Lectures: 10
- Duration: 70 hours
Make better decisions with data
Course Overview
Data analysis is an essential skill for anyone working in or interested in a business discipline, as it is a means to understand and solve some of the most common and pressing problems facing modern organisations. More than this, exploring the vast swathes of data businesses collect or have access to in these digital times, provides near limitless opportunities for business innovation effecting meaningful commercial or social change. In this subject, you will develop basic quantitative skills to effectively extract and analyse information from data. The subject sets a foundational understanding of various basic statistical techniques on which you can build to raise and answer important practical questions for your current, future or own business.
What you will learn
+ How to manage and treat the data your organisation keeps or wants to obtain.
+ The benefits and limitations of descriptive statistics.
+ How to accurately predict and forecast important business events.
+ How to use common software tools to your advantage and complete statistical analysis.
+ The value of data in informing business decision-making.
+ Generate and justify solutions to business problems using statistical analysis.
+ How to approach complex problems and think quantitatively.
Features
- Topic 1: Introduction to business statistics; presenting data for maximum impact
- Topic 2: Descriptive statistics: numerical
- Topic 3: Basic probability
- Topic 4: Discrete probability distributions
- Topic 5: Continuous probability distributions
- Topic 6: Sampling and sampling distributions
- Topic 7: Estimation
- Topic 8: Hypothesis testing
- Topic 9: Linear regression
- Topic 10: Time series analysis