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.
About this Course
Skills you will gain
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
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TOP REVIEWS FROM INFERENTIAL AND PREDICTIVE STATISTICS FOR BUSINESS
I find the use of Excel after the lecture to be more useful in the real life. The professor has a slower speaking speed so you may need to use 2x the speed.\n\nThe content is super useful.
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.
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!
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.
About the Managerial Economics and Business Analysis Specialization
In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment in which they operate. In this specialization, you will build a solid understanding of the operation of markets and the macro-economic environment with real-world examples. You will be able to identify firm and country-level economic factors that impact business decisions, develop an analytical framework using statistical tools, and apply economic theory and data in the analysis of business environment and trends to make effective business decisions.
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