2018-2019 Academic Catalog 
    
    Jan 21, 2019  
2018-2019 Academic Catalog

STAT 4300 - Data Driven Decision Making


This course is an introduction to the basic concepts, tools, and analytical techniques that are applied in data driven business decision making. Students will learn to explore data with graphs, charts, and summary tables and review topics including probability and probability distributions, confidence intervals, and hypothesis testing. Applications of linear regressions and regressions on binomial dependent variables is considered next. The course then introduces tools in data mining and predictive modelling. This includes topics such as feature selection, model fitting and over fitting, measuring model performance, and data analytic thinking for business decisions. The core objective for the course will be to help students understand the value of data driven decision making as managers.

 

Prerequisites: MGMT 4050  

Corequisites: MGMT 4050  

Anticipated Terms Offered: Offered Annually