DATA TO DECISIONS
Exploration of statistical inference and data analytics tools. Review of relevant foundations of statistics, machine learning and probability theory. Emphasis on applying the resulting concepts to canonical business examples, using both Excel and R.
Prerequisites & course information
Requisites: Declared in an MBA program Course Designation: Grad 50% - Counts toward 50% graduate coursework requirement Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Read, clean, create new datasets Audience: Graduate 2. Describe the resulting data by computing and interpreting summary statistics, and via visualization tools Audience: Graduate 3. Describe uncertainty and risk using the language of probability theory Audience: Graduate 4. Perform hypothesis tests common in business applications Audience: Graduate 5. Perform Monte Carlo simulations Audience: Graduate 6. Estimate cross-sectional and time-series models for forecasting purposes and select among competing models via cross-validation Audience: Graduate 7. Apply machine learning methods in the context of simple examples Audience: Graduate Learning Outcomes: 1. Read, clean, create new datasets Audience: Graduate 2. Describe the resulting data by computing and interpreting summary statistics, and via visualization tools Audience: Graduate 3. Describe uncertainty and risk using the language of probability theory Audience: Graduate 4. Perform hypothesis tests common in business applications Audience: Graduate 5. Perform Monte Carlo simulations Audience: Graduate 6. Estimate cross-sectional and time-series models for forecasting purposes and select among competing models via cross-validation Audience: Graduate 7. Apply machine learning methods in the context of simple examples Audience: Graduate
Sources
- Course catalogue ↗2026-2027