2016-2017 Academic Catalog 
    
    Nov 21, 2024  
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2016-2017 Academic Catalog [ARCHIVED 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.

Open to MBA, MSM, and MSA students only.

Prerequisites: MGMT 4050

Corequisites: MGMT 4050

Anticipated Terms Offered: Varies
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