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Course Description

The sheer variety of sources and types of data that can aid in decision making are almost overwhelming. The key to making good use of the data lies in knowing what specifically to pay attention to, understanding the relationships and variables among the data, and making the right connections. 

Experience is essential to knowing and making educated guesses about what to pay attention to. Familiarity with statistical methods will provide you with a significant advantage over relying on gut instinct alone.

In this course you will learn to identify uncertainty in a business decision, and to choose variables that help reduce uncertainty. By the end of this course, you will have a robust decision model that you can use to make predictions related to your decision. Along the way, you will clarify and enhance your understanding of the factors that influence possible outcomes from the decision.

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

  • Understanding and Visualizing Data
  • Implementing Scientific Decision Making

Faculty Author

Chris Anderson
Associate Professor, School of Hotel Administration, Cornell University

Benefits to the Learner

  • Determine the degree of uncertainty in your decision and determine the impact of this uncertainty
  • Identify data relationships to reduce uncertainty
  • Create a regression model that looks at attributes of variables driving the decision
  • Refine your regression model to improve its validity
  • Create a convincing argument for the validity of your model
  • Make a prediction or an estimate using your model

Target Audience

  • Analysts
  • Functional Managers
  • Executives
  • Consultants
  • Any professional that uses data to make business decisions

Accrediting Associations

Applies Towards the Following Certificates

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Type
3 week
Dates
Apr 17, 2024 to May 07, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
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3 week
Dates
May 08, 2024 to May 28, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
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3 week
Dates
May 29, 2024 to Jun 18, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
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3 week
Dates
Jun 19, 2024 to Jul 09, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jun 19, 2024 to Jul 09, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
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3 week
Dates
Jul 10, 2024 to Jul 30, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jul 31, 2024 to Aug 20, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Aug 21, 2024 to Sep 10, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Sep 11, 2024 to Oct 01, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Oct 02, 2024 to Oct 22, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Oct 23, 2024 to Nov 12, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Nov 13, 2024 to Dec 03, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Dec 04, 2024 to Dec 24, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Dec 25, 2024 to Jan 14, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
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