Stats for Business Analytics

1.5 Credits · Level: Graduate

Statistics, being the science of collecting and analyzing data, provides numerous tools and concepts that can be used in the field of business analytics. This course provides students an introduction to foundational concepts needed to better understand the statistical tools in the data-related courses of the program. The emphasis of the course is to understand how statistical methods can be applied to problems and improve decision making in organizations through the appropriate use of statistics. The course aims to develop analytical thinking and illustrate appropriate use of these methods in practice. Topics include describing data, transforming data, understanding variation and uncertainty, hypothesis testing, measuring dependence and establishing associations, and inferential methods.