Quantifying Uncertainty

quantifying uncertainty I

Adding Confidence to Business Decisions

Using Probability & Statistics

Actionable Analytics

Probability and statistics is the discipline of collecting, organizing, analyzing, interpreting and presenting data with the expressed purpose of quantifying uncertainty. This course focuses on how you can use statistics to better inform business decisions.

Adding Confidence to Business Decisions

Using Probability & Statistics

Actionable Analytics

Probability and statistics is the discipline of collecting, organizing, analyzing, interpreting and presenting data with the expressed purpose of quantifying uncertainty. This course will focuses on how you can use probability and statistics to add confidence to your business decisions and recommendations.

prerequisites

Successful completion of

Excel level II

Taken within the last year

duration

Full day or

two half-days

Virtual or in-person

certification

afterskills Stats I

practitioner

Awarded upon completion

course description_

Increasingly, businesses want methodical, justifiable approaches to business decisions. In this series, we provide you the knowledge and tools necessary to implement probabilistic and statistical methods to make the right business decision despite uncertainty.

Participants will take away from this course a new appreciation and understanding of the power of probabilistic and statistical methods in solving real-world business problems. Most importantly, participants will see how these techniques can be used in their day-to-day decision making.

agenda

Topic 1: Introduction to the Data Lifecycle

Topic 2: Introduction to Statistics & Probability

Topic 3: Continuous vs Discrete Variables & Distributions

Topic 4: Data Visualizations

Topic 5: Parametric & Non-parametric distributions

Topic 6: Intro to Experimental Design

ENQUIRE