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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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Language of Delivery
English
Type
3 week
Dates
Aug 17, 2022 to Sep 06, 2022
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Sep 07, 2022 to Sep 27, 2022
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Sep 28, 2022 to Oct 18, 2022
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Oct 19, 2022 to Nov 08, 2022
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Nov 09, 2022 to Nov 29, 2022
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Nov 30, 2022 to Dec 20, 2022
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Dec 21, 2022 to Jan 10, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Jan 11, 2023 to Jan 31, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Feb 01, 2023 to Feb 21, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Feb 22, 2023 to Mar 14, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Mar 15, 2023 to Apr 04, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Apr 05, 2023 to Apr 25, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Apr 26, 2023 to May 16, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
May 17, 2023 to Jun 06, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Jun 07, 2023 to Jun 27, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Jun 28, 2023 to Jul 18, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Jul 19, 2023 to Aug 08, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Aug 09, 2023 to Aug 29, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Aug 30, 2023 to Sep 19, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Sep 20, 2023 to Oct 10, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Oct 11, 2023 to Oct 31, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Nov 01, 2023 to Nov 21, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Nov 22, 2023 to Dec 12, 2023
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
Language of Delivery
English
Type
3 week
Dates
Dec 13, 2023 to Jan 02, 2024
Total Number of Hours
15.0
Course Fee(s)
Standard Price $1,380.00
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