Decision making is never as simple as we would like it to be, since rarely does a single factor alone predict an outcome. In a competitive business environment, not taking this uncertainty into account has serious costs. In this course, you'll use foundations in probability to describe risk mathematically and incorporate those calculations into your decisions so you can take them to the next level. Working through increasingly complex modeling situations, you will learn to use estimates of probable future outcomes for Go/No-Go decisions and to run a Monte Carlo simulation allowing you to examine outcomes that vary based on multiple, interdependent decisions.

You are required to have completed the following courses or have equivalent experience before taking this course:

  • Understanding and Visualizing Data
  • Implementing Scientific Decision Making
  • Using Predictive Data Analysis
 

How It Works

Course Length
3 weeks

Effort
3 to 5 hours of study per week

Format
100% online, instructor-led
  • Analysts
  • Functional Managers
  • Executives
  • Consultants
  • Any professional that uses data to make business decisions
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