Business Analytics for Decision Making
link Source: www.coursera.org
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assignment Level : Introductory
chat_bubble_outline Language : English
language Subtitles : Korean, Arabic
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Key Information

credit_card Free access
verified_user Fee-based Certificate
timer 12 hours in total

About the content

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.

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Syllabus

  • Week 1 - Data Exploration and Reduction — Cluster Analysis
     
  • Week 2 - Dealing with Uncertainty and Analyzing Risk
     
  • Week 3 - Identifying the Best Options — Optimization
    At the end of this module students should be able to: 1. Develop a spreadsheet model for an optimization problem 2. Use Excel to solve optimization models 3. Interpret solutions and conduct what-if analysis
  • Week 4 - Decision Analytics
    At the end of this module students should be able to: 1. Given a business situation, apply an appropriate technique to identify the best solution alternatives 2. Formulate and solve models for business problems that requires yes/no decisions and logical constr...
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Instructors

Manuel Laguna
Professor
Leeds School of Business

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Content Designer

University of Colorado Boulder
CU-Boulder is a dynamic community of scholars and learners on one of the most spectacular college campuses in the country. As one of 34 U.S. public institutions in the prestigious Association of American Universities (AAU), we have a proud tradition of academic excellence, with five Nobel laureates and more than 50 members of prestigious academic academies.
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Platform

Coursera

Coursera is a digital company offering massive open online course founded by computer teachers Andrew Ng and Daphne Koller Stanford University, located in Mountain View, California. 

Coursera works with top universities and organizations to make some of their courses available online, and offers courses in many subjects, including: physics, engineering, humanities, medicine, biology, social sciences, mathematics, business, computer science, digital marketing, data science, and other subjects.

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Best Review

This is a very good course on Predictive and Prescriptive Anaytics with Business Applications.

Anonymous
Anonymous,
Published on September 7, 2021
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Anonymous,
September 7, 2021
starstarstarstarstar

This is a very good course on Predictive and Prescriptive Anaytics with Business Applications.