About the content
How can you put data to work for you? Specifically, how can numbers in a spreadsheet tell us about present and past business activities, and how can we use them to forecast the future? The answer is in building quantitative models, and this course is designed to help you understand the fundamentals of this critical, foundational, business skill. Through a series of short lectures, demonstrations, and assignments, you’ll learn the key ideas and process of quantitative modeling so that you can begin to create your own models for your own business or enterprise. By the end of this course, you will have seen a variety of practical commonly used quantitative models as well as the building blocks that will allow you to start structuring your own models. These building blocks will be put to use in the other courses in this Specialization.
- Week 1 - Module 1: Introduction to Models
In this module, you will learn how to define a model, and how models are commonly used. You’ll examine the central steps in the modeling process, the four key mathematical functions used in models, and the essential vocabulary used to describe models. By the e...
- Week 2 - Module 2: Linear Models and Optimization
This module introduces linear models, the building block for almost all modeling. Through close examination of the common uses together with examples of linear models, you’ll learn how to apply linear models, including cost functions and production functions t...
- Week 3 - Module 3: Probabilistic Models
This module explains probabilistic models, which are ways of capturing risk in process. You’ll need to use probabilistic models when you don’t know all of your inputs. You’ll examine how probabilistic models incorporate uncertainty, and how that uncertainty co...
- Week 4 - Module 4: Regression Models
This module explores regression models, which allow you to start with data and discover an underlying process. Regression models are the key tools in predictive analytics, and are also used when you have to incorporate uncertainty explicitly in the underlying ...
Professor of Statistics
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