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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.

The course Understanding and Visualizing Data is required to be completed prior to starting this course.

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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Enroll Now - Select a section to enroll in

Type
3 week
Dates
Oct 30, 2019 to Nov 19, 2019
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Aug 26, 2020 to Sep 15, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Sep 16, 2020 to Oct 06, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Oct 07, 2020 to Oct 27, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Oct 28, 2020 to Nov 17, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Nov 18, 2020 to Dec 08, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Dec 09, 2020 to Dec 29, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jan 06, 2021 to Jan 26, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jan 27, 2021 to Feb 16, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Feb 17, 2021 to Mar 09, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Mar 10, 2021 to Mar 30, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Mar 31, 2021 to Apr 20, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Apr 21, 2021 to May 11, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
May 12, 2021 to Jun 01, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jun 02, 2021 to Jun 22, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jun 23, 2021 to Jul 13, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jul 14, 2021 to Aug 03, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Aug 04, 2021 to Aug 24, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Aug 25, 2021 to Sep 14, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Sep 15, 2021 to Oct 05, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Oct 06, 2021 to Oct 26, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Oct 27, 2021 to Nov 16, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Nov 17, 2021 to Dec 07, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Dec 08, 2021 to Dec 28, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Dec 29, 2021 to Jan 18, 2022
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
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