Foundations of Predictive Analytics and Decision Modeling

Catalog description

Description Students will develop quantitative reasoning skills necessary for success in business. Proficiency in the foundations of predictive analytics and decision modeling is the central focus. Students will learn to model a wide range of business decisions through case studies, data analysis, spreadsheet modeling, and interpretation of business significance. Students will further develop their statistical thinking skills through the study of predictive modeling for business using multiple regression. Variation, interpretation of models and model output, model building with spreadsheets, and regression assumption checking are stressed. Throughout the course, students will build quantitative literacy skills through writing about analytics, model building, and interpreting quantitative information to understand and use data in managerial decisions.