About this Course
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Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 9 hours to complete

Suggested: 4 weeks of study, 1-3 hours/week...

English

Subtitles: English, Portuguese (Brazilian)

Skills you will gain

ModelingRiskMicrosoft ExcelSimulation

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 9 hours to complete

Suggested: 4 weeks of study, 1-3 hours/week...

English

Subtitles: English, Portuguese (Brazilian)

Syllabus - What you will learn from this course

Week
1
2 hours to complete

Week 1: Modeling Decisions in Low Uncertainty Settings

4 videos (Total 60 min), 2 readings, 1 quiz
4 videos
1.1 How To Build an Optimization Model: Hudson Readers Ad Campaign13m
1.2 Optimizing with Solver, and Alternative Data Inputs26m
1.3 Adding Risk: Managing Investments at Epsilon Delta Capital18m
2 readings
PDFs of Slides for Week 110m
Excel Files for Week 110m
1 practice exercise
Week 1: Modeling in Low Uncertainty Quiz20m
Week
2
2 hours to complete

Week 2: Risk and Reward: Modeling High Uncertainty Settings

3 videos (Total 51 min), 2 readings, 1 quiz
3 videos
2.2 Common Scenarios for Multiple Random Variables, Risk Reduction, and Calculating and Interpreting Correlation Values18m
2.3 Using Scenarios for Optimizing Under High Uncertainty, Sensitivity Analysis and Efficient Frontier15m
2 readings
PDFs of Lecture Slides for Week 210m
Excel Files for Week 210m
1 practice exercise
Week 2: Modeling in High Uncertainty Quiz20m
Week
3
2 hours to complete

Week 3: Choosing Distributions that Fit Your Data

4 videos (Total 81 min), 2 readings, 1 quiz
4 videos
3.2, pt 1: Choosing Among Distributions: Discrete Distributions25m
3.2, pt 2: Choosing Among Distributions: Continuous Distributions11m
3.3 Hypothesis Testing and Goodness of Fit22m
2 readings
PDFs of Lecture Slides for Week 310m
Excel Files for Week 310m
1 practice exercise
Week 3: Choosing Fitting Distributions Quiz20m
Week
4
2 hours to complete

Week 4: Balancing Risk and Reward Using Simulation

4 videos (Total 53 min), 2 readings, 1 quiz
4 videos
4.2 Connecting Random Inputs and Random Outputs in a Simulation23m
4.3 Analyzing and Interpreting Simulation Output: Evaluating Alternatives Using Simulation Results10m
Course Conclusion25s
2 readings
PDFs of Lecture Slides10m
Excel files for Week 410m
1 practice exercise
Week 4: Using Simulations Quiz20m
4.6
206 ReviewsChevron Right

44%

started a new career after completing these courses

32%

got a tangible career benefit from this course

Top reviews from Modeling Risk and Realities

By JNApr 13th 2018

covers good amount of material and exactly what is in the outline, presented with enough detail to follow. Good walk-through of the spreadsheets helps understanding, easy to follow along and practice.

By LCDec 19th 2016

Material was very well presented. Week 3 was challenging, but taking time to print out the slides, work through them rigorously proved very helpful. I found all sections very, very informative.

Instructors

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Sergei Savin

Associate Professor of Operations, Information and Decisions
The Wharton School
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Senthil Veeraraghavan

Associate Professor of Operations, Information and Decisions
The Wharton School

About University of Pennsylvania

The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies. ...

About the Business and Financial Modeling Specialization

Wharton's Business and Financial Modeling Specialization is designed to help you make informed business and financial decisions. These foundational courses will introduce you to spreadsheet models, modeling techniques, and common applications for investment analysis, company valuation, forecasting, and more. When you complete the Specialization, you'll be ready to use your own data to describe realities, build scenarios, and predict performance....
Business and Financial Modeling

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.