In this course you will learn how to create models for decision making. We will start with cluster analysis, a technique for data reduction that is very useful in market segmentation. You will then learn the basics of Monte Carlo simulation that will help you model the uncertainty that is prevalent in many business decisions. A key element of decision making is to identify the best course of action. Since businesses problems often have too many alternative solutions, you will learn how optimization can help you identify the best option. What is really exciting about this course is that you won’t need to know a computer language or advanced statistics to learn about these predictive and prescriptive analytic models. The Analytic Solver Platform and basic knowledge of Excel is all you’ll need. Learners participating in assignments will be able to get free access to the Analytic Solver Platform.
This course is part of the Advanced Business Analytics Specialization
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About this Course
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Try Coursera for BusinessSkills you will gain
- Data Analysis
- Simulation
- Business Analytics
- Mathematical Optimization
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Syllabus - What you will learn from this course
Data Exploration and Reduction — Cluster Analysis
Dealing with Uncertainty and Analyzing Risk
Identifying the Best Options — Optimization
Decision Analytics
Reviews
- 5 stars71.14%
- 4 stars21.45%
- 3 stars5.29%
- 2 stars1.25%
- 1 star0.85%
TOP REVIEWS FROM BUSINESS ANALYTICS FOR DECISION MAKING
Learnt how to use the analytic business solver in Excel and apply it to business problems. Learnt other models too along with practical implementations to real world problems. Thank you!
Thanks to professor Manuel Laguana and also thanks to University Colorado Boulder for arranging this course that's are so helpful to business field in Business Analytics for Decision Making.
This course provides a brilliant overview of Business Analytics problems. Bit more details about the underlying mathematical techniques used would be helpful.
It was really awesome course. It was fun learning about business analytics for decision making through the course. I learned how to make use omathematical functions to make successful decision.
About the Advanced Business Analytics Specialization

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