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Tools of Data Analysis

 
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About This Course

There are a number of statistical tools and techniques that are commonly used by organizations to inform decision-making. These tools span numerous business functions and support many different objectives. This intermediate-level course describes, evaluates, and analyzes different statistical techniques and their real-world limitations and benefits. The course features crossover analysis, break-even analysis, cluster analysis, decision tree analysis as well as an introduction to regression.

Features

  • Mobile-friendly
  • Badge and credit-awarding
  • Real-world case studies
  • Fully accessible
  • Games & Flashcards
  • Expert-supported
  • Video content
  • Audio-enabled

Topics

  • Spreadsheets
  • Linear programming
  • Crossover analysis
  • Break-even analysis
  • Normal distribution
  • ANOVA
  • Forecasting
  • Regression analysis
  • Time series analysis
  • Cluster analysis
  • Decision analysis
  • Decision tree analysis
  • Risk
  • Simulation models
  • Monte Carlo simulation

Outcomes

  • Describe linear programming as finding the "best" solution to a problem
  • Explain how crossover analysis is utilized in decision making
  • Explain the factors and assumptions involved in break-even analysis
  • Apply the standard deviation rule to a special case of normal distributions
  • Interpret the results of an ANOVA test
  • Describe the various forecasting techniques and the benefits and limitations
  • Identify regression analysis applications for purposes of description and prediction
  • Describe other statistical techniques (time series analysis, cluster analysis, decision trees) and their real-world application
  • Explain the advantages and disadvantages of various statistical techniques
  • Choose a statistical technique based on a brief case study

Certifications

  • CAPM®/PMP®/PgMP® — 5 credits

    • Technical PDUs — 2.5 credit(s)
    • Leadership PDUs — 1.5 credit(s)
    • Strategic/Business PDUs — 1 credit(s)
  • PfMP® — 5 credits

    • Technical PDUs — 2.5 credit(s)
    • Leadership PDUs — 1.5 credit(s)
    • Strategic/Business PDUs — 1 credit(s)
  • PMI-ACP® — 2.5 credits

    • Technical PDUs — 0 credit(s)
    • Leadership PDUs — 1.5 credit(s)
    • Strategic/Business PDUs — 1 credit(s)
  • PMI-PBA® — 5 credits

    • Technical PDUs — 2.5 credit(s)
    • Leadership PDUs — 1.5 credit(s)
    • Strategic/Business PDUs — 1 credit(s)
  • PMI-RMP® — 5 credits

    • Technical PDUs — 2.5 credit(s)
    • Leadership PDUs — 1.5 credit(s)
    • Strategic/Business PDUs — 1 credit(s)
  • PMI-SP® — 2.5 credits

    • Technical PDUs — 0 credit(s)
    • Leadership PDUs — 1.5 credit(s)
    • Strategic/Business PDUs — 1 credit(s)

Skills You'll Gain

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