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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

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
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
Type
3 week
Dates
Jan 15, 2025 to Feb 04, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
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3 week
Dates
Feb 05, 2025 to Feb 25, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Feb 26, 2025 to Mar 18, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Mar 19, 2025 to Apr 08, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Apr 09, 2025 to Apr 29, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Apr 30, 2025 to May 20, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
May 21, 2025 to Jun 10, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jun 11, 2025 to Jul 01, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jul 02, 2025 to Jul 22, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Jul 23, 2025 to Aug 12, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Aug 13, 2025 to Sep 02, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Sep 03, 2025 to Sep 23, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Sep 24, 2025 to Oct 14, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Oct 15, 2025 to Nov 04, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Nov 05, 2025 to Nov 25, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Nov 26, 2025 to Dec 16, 2025
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Type
3 week
Dates
Dec 17, 2025 to Jan 06, 2026
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
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