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University of Illinois Urbana-Champaign

Inferential and Predictive Statistics for Business

This course provides an analytical framework to help you evaluate key problems in a structured fashion and will equip you with tools to better manage the uncertainties that pervade and complicate business processes. To this end, the course aims to cover statistical ideas that apply to managers by discussing two basic themes: first, is recognizing and describing variations present in everything around us, and then modeling and making decisions in the presence of these variations. The fundamental concepts studied in this course will reappear in many other classes and business settings. Our focus will be on interpreting the meaning of the results in a business and managerial setting. While you will be introduced to some of the science of what is being taught, the focus will be on applying the methodologies. This will be accomplished through use of Excel and using data sets from many different disciplines, allowing you to see the use of statistics in very diverse settings. The course will focus not only on explaining these concepts but also understanding the meaning of the results obtained. You will be able to: • Test for beliefs about a population • Compare differences between populations • Use linear regression model for prediction • Use Excel for statistical analysis This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

Status: Predictive Modeling
Status: Statistical Analysis
IntermediateCourse20 hours

Featured reviews

JK

5.0Reviewed May 4, 2019

great to learn on how regressions are run and used for all kinds of examples. Feels great to accomplish and finish this course.

SG

5.0Reviewed May 19, 2017

Very good introductory Statistics course. The topic selection is very pertinent to meet the need of a manager to analyze data and to make decision. Quality of teaching is GREAT.

VS

5.0Reviewed Jul 18, 2020

The Professor is gracious lady and commands huge respect. Very clear and confident in her knowledge and style of teachings. I wish Ma'am nothing less than the very best.

MC

5.0Reviewed Oct 5, 2016

Really great course! With a little bit of data you can explain anything! The course is really easy to understand with great and interesting examples! Thanks a lot!

DF

4.0Reviewed Dec 28, 2019

Very well produced. The modules are clear and easy to follow. Maybe I missed it but it would be good to supply all the related example data in Excel to be able to practice.

BL

5.0Reviewed Sep 27, 2020

I like statistics analysis very much because this subject matter is very useful and practical in our daily works.

NF

5.0Reviewed May 8, 2020

Enjoyed this course very much. The content was explained very well, and I feel empowered to take what I've learned immediately to my company and draw meaning insights.

RR

5.0Reviewed Oct 1, 2020

Wonderful course! Thanks to Professor Taghaboni-Dutta, this course was educations, informative and easy to follow.

JH

5.0Reviewed May 7, 2019

Awesome experience riding through this course and learning key concepts in statistics that can be used in the daily life.

ET

5.0Reviewed Jul 4, 2020

GREAT COURSE - GREAT PROFESSORVERY WELL DOCUMENTED AND CHALLENGING PACE AS WELL AS HIGH LEVEL OF EXAMPLES AND TESTS

EK

5.0Reviewed Dec 7, 2019

Great course! Incredibly well organized and clear. I was terrified of Stats before I took this class, now I feel confident and am seeing my entire world differently. Thank you!

KS

5.0Reviewed May 8, 2020

Everyone should take this course! And you should also re-take it throughout your life. This knowledge is truly essential.