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Course Description

When aiming to construct a model, the goal is to strike a balance between accuracy, ease of use, and audience comprehension. Interestingly, numerous phenomena in both the natural and business worlds can be captured using the renowned bell curve. Harnessing the power of the bell curve will set you up for success in your business forecasting efforts.

In this course, you'll employ the normal distribution as a new tool to generate more effective forecasts. You will identify cause-and-effect relationships that are relevant to your business decisions.You will also discover how to recognize when the accuracy of this tool falls short of expectations and employ corrective adjustments accordingly. By the end of this course, you will have the necessary skills to apply normal distributions when forecasting for your business.

You are required to have completed the following courses or have equivalent experience before taking this course:

  • Data Analysis and Probability
  • Decision Analysis

Faculty Author

David Juran

Benefits to the Learner

  • Use the normal distribution to determine the probabilities of particular outcomes
  • Identify cause-and-effect relationships in business settings
  • Apply appropriate corrections to the estimates generated by the normal approximation

Target Audience

  • Professionals looking to uncover insights from data
  • Students who are pre-MBA or considering earning an MBA
  • Analysts and researchers
  • Individuals interested in moving into an analyst role
  • Anyone seeking to leverage statistical or analytic skills

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
May 29, 2024 to Jun 11, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note the content in the Applied Statistics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example; JCB571 prior to JCB572, JCB572 prior to JCB573, etc.
Type
2 week
Dates
Nov 13, 2024 to Nov 26, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note the content in the Applied Statistics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example; JCB571 prior to JCB572, JCB572 prior to JCB573, etc.
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