Business Data: How to Manage Data and Make Smart Decisions
Business Data: How to Manage Data and Make Smart Decisions
Course Dates
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At the end of this course, the participants should be able to:
- Understand what Data is, its sources and types.
- Classify and group data
- Analyze Data
- Utilize result of analyzed data in Decision Making
Introduction
- What is Data?
- Sources of Data
- The process of making sense of data
Data Described
- Observations and variables
- Types of variables
- Central Tendency
- Data Distribution
- Confidence Intervals
- Hypothesis Tests
Working with Data Tables
- Cleaning data
- Removing observations & variables
- Generating consistent scales
- Frequency distribution
- Converting data and categorizing
- Generating groups
Understanding Relationships
- Visualizing relationships between variables
- Univariate Data Visualization
- Multivariate Data Visualization
- Visualization Groups
Building Models From Data
- Clustering
- Association Rules
- Predictive modeling
- Multiple Linear Regression
- Standard error
- Coefficient of multiple determination
- Logistic Regression
- Estimating Coefficients
- Assessing and Optimizing results
- Classification and Regression tests
Applications
- Applying data analysis at work
- Analytical Skills
- Statistical Analysis
- Decision Making
- Predictive modeling
This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:
- Practical, relevant case studies
- Group activities and workshops
- Related role plays
- Experiential learning
- Brainstorming
- Stimulating mental activities
- Engaging team competitions
- Suitable training Videos
- Presentations
- Self–assessments
- Learning with Simulations and Games
Supervisors, managers, and employees who are expected to handle and analyze data to assist in making better decision making.