This course prepares participants to review, analyze, and make decisions based on results from business intelligence projects. The course covers reading and interpreting regression analysis. The course also gives participants the skills to critically analyze and identify potential limitations on analysis. The course also covers predicting changes in business outcomes based on analysis and identifying the level of certainty or confidence around those predictions. This paves the way for future detailed courses in predictive analytics.
***Please download and open all supporting materials before starting the course videos.***
Prerequisites
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Learning Objective
- Recognize univariate statistics and differences between statistics
- Recognize coefficients on regression analysis
- Identify precision of coefficient estimates based on confidence intervals
- Identify driving factors of a business outcome based on statistical significance
- Recognize the differences between statistically and economically significant coefficients
- Explore limitations on specific statistical tests used in business intelligence
Last updated/reviewed: March 18, 2024
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Lesson Questions and Answers0 Questions
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INTRODUCTION and OVERVIEW
- Introduction to Applying and Using Data Analysis 1:12
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Applying and Using Data Analysis
- Overview of Interpreting Data 3:01
- Interpreting Univariate Analysis 11:09
- Interpreting Regressions 6:10
- Economic Significance Analysis 3:23
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CONCLUSION
- Analysis Limitations and Conclusion 5:39
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CONTINUOUS PLAY
- Business Intelligence – Applying and Using Data Analysis 30:37
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SUPPORTING MATERIALS
- Slides: Applying and Using Data Analysis PDF
- Applying and Using Data Analysis Glossary/Index PDF
- Sample Data XLS
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REVIEW and TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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