From Data to Decisions (Batch 13)

Programme Overview

Data and model-based decision making are increasingly gaining popularity in the business world. This programme is designed to equip participants to identify appropriate analytics methodology depending on the problem objective, to analyze and properly interpret the results of the statistical analysis. While step-by-step instructions would be provided for the various standard analytic tools, conceptual foundation would be built along the way so as to facilitate the more advanced participants to fine-tune the requisite methods depending on the specific challenges of a problem. Participants would be split into small groups to work on the assigned data analytic projects. Learning from these projects will be the key take-away from this program. All computational implementations would be conducted using MS-Excel.

Programme Contents1. Descriptive Statistics2. Probability and Probability Distributions3. Sampling and Sampling Distribution4. Estimators and their Standard error5. Confidence interval estimation of population parameters6. Testing of Hypothesis, significance values in decision making7. Analysis of variance8. Simple and Multiple regression, Correlation Coefficient9. Data Analytics10. Introduction to more advanced statistical analytics 11. Project work and presentations (subject to time and interest)

Programme Objective

Understand the statistical principles and appreciate data analytics; Formulate a problem objectively and meaningfully to facilitate objective analysis; Conduct statistical analysis and draw inference using MS Excel; Meaningfully interpret the findings of the results.

PedagogyThrough a combination of lectures, role-plays, round table discussion and case studies.

Who should attend?The following professionals may find it particularly useful:

Key benefits/takeawaysGaining skills of using and combining domain knowledges with data when building data analytics models.

As a participant of this Short Duration Programme, you will be able to enjoy some exclusive benefits other than the outcomes such as skills and knowledge enhancement and building specific competencies that can help shape your career growth.

Some of the exclusive benefits of attending this programme are listed below –