Tools of Data Analysis

$129.00

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.

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.

Credits

  • 0.5 IACET CEUs

  • 5 HRCI Credits

  • 5 SHRM PDCs

  • 5 ATD CI Credits

  • 5 PMI PDUs:

    • 2.5 Ways of Working PDUs

    • 1.5 Power Skills PDUs

    • 1 Business Acumen PDUs

Learning 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

Refund Policy

You may request a refund up to 7 days from the purchase date. The registration fee will only be refunded if less than 10% of the course has been completed. Completion percentage can be viewed on the Course Progress page from within the course.

Notes

Estimated time to complete: 5 hours

Access Time: 90 days

This course includes an “Ask the Expert” feature. You can use this feature to submit questions about course content. A subject matter expert will provide guidance or point you to additional resources for the topics you’re studying. Questions are answered as quickly as possible and usually within 24 hours.