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The ability to understand and apply Business Statistics is becoming increasingly important in the industry. A good understanding of Business Statistics is a requirement to make correct and relevant interpretations of data. Lack of knowledge could lead to erroneous decisions which could potentially have negative consequences for a firm. This course is designed to introduce you to Business Statistics. We begin with the notion of descriptive statistics, which is summarizing data using a few numbers. Different categories of descriptive measures are introduced and discussed along with the Excel functions to calculate them. The notion of probability or uncertainty is introduced along with the concept of a sample and population data using relevant business examples. This leads us to various statistical distributions along with their Excel functions which are then used to model or approximate business processes. You get to apply these descriptive measures of data and various statistical distributions using easy-to-follow Excel based examples which are demonstrated throughout the course.
To successfully complete course assignments, students must have access to Microsoft Excel.
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WEEK 1
Module 1: Basic Data Descriptors
In this module you will get to understand, calculate and interpret various descriptive or summary measures of data. These descriptive measures summarize and present data using a few numbers. Appropriate Excel functions to do these calculations are introduced and demonstrated.
Topics covered include:
• Categories of descriptive data
• Measures of central tendency, the mean, median, mode, and their interpretations and calculations
• Measures of spread-in-data, the range, interquartile-range, standard deviation and variance
• Box plots
• Interpreting the standard deviation measure using the rule-of-thumb and Chebyshev’s theorem
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WEEK 2
Module 2: Descriptive Measures of Association, Probability, and Statistical Distributions
This module presents the covariance and correlation measures and their respective Excel functions. You get to understand the notion of causation versus correlation. The module then introduces the notion of probability and random variables and starts introducing statistical distributions.
Topics covered include:
• Measures of association, the covariance and correlation measures; causation versus correlation
• Probability and random variables; discrete versus continuous data
• Introduction to statistical distributions
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WEEK 3
Module 3: The Normal Distribution
This module introduces the Normal distribution and the Excel function to calculate probabilities and various outcomes from the distribution.
Topics covered include:
• Probability density function and area under the curve as a measure of probability
• The Normal distribution (bell curve), NORM.DIST, NORM.INV functions in Excel
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WEEK 4
Module 4: Working with Distributions, Normal, Binomial, Poisson
In this module, you'll see various applications of the Normal distribution. You will also get introduced to the Binomial and Poisson distributions. The Central Limit Theorem is introduced and explained in the context of understanding sample data versus population data and the link between the two.
Topics covered include:
• Various applications of the Normal distribution
• The Binomial and Poisson distributions
• Sample versus population data; the Central Limit Theorem...

Aug 23, 2017

The course has been designed in a manner to give maximum understanding of the concept. The Quizzes are really grilling. and helps you strengthen the knowledge gained from the lecture videos.

Jun 15, 2017

This course was great. Although the concepts introduced are complex, the instructor breaks them down and gives relatable, real-world style examples to easily explain the application.

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von Adriano F d F J

•Sep 19, 2017

Excelent concepts and exercises.

von galaxy g

•Aug 23, 2017

The course has been designed in a manner to give maximum understanding of the concept. The Quizzes are really grilling. and helps you strengthen the knowledge gained from the lecture videos.

von Ponciano R

•May 15, 2018

Excellent course and teacher!!!!

von Riky

•Mar 25, 2017

Clear and concise, great!

von Rishabh G

•Dec 09, 2017

Nice course. Please explain little more binomial distributor and poisson distribution.

von Xin G

•Mar 04, 2017

Useful for excel!

von Ashok A

•Dec 11, 2017

Super teachings by Sharad Sir.

von Hamilton C d R

•Oct 16, 2017

Great introductiont to Statistics.

von Harshavardhan S R

•Dec 03, 2017

It was excellent and very useful.

von Akshay H

•May 02, 2017

Any one looking for quick refresher course in Business Statics this is the specialization to enroll.

Prof/Instructor Sharad has explain the concept in crisp & precise manner & hands on practice in excel is big plus..!!

For any one who wants to learn business statistics ,I kindly urge you enroll this course/specialization so you have basic overview of all topics in business statistics & later read text book Business Statistics by Ken black for through understanding of all topics.

von udaya a s

•Feb 06, 2018

i don't know if any other courses in this section from other sites , cant get simpler and easy to understand like this

von Avichit M

•Aug 07, 2017

Some more questions in the quiz in between the lessons might be of more help as they could clear the concepts thoroughly.

von Ethan O B

•Oct 11, 2017

An excellent programme well delivered - really useful skills to take into business world

von Tim S

•Nov 20, 2016

a

von nazim.dadashov1985@gmail.com

•May 24, 2017

Excellent resource to master such crucial skills as the application of statistics method to business problems.

von Akshay S

•Sep 15, 2017

Learned a lot in a brief time

von Luping L

•Feb 16, 2017

c

von Bhola P

•May 11, 2018

Sharad sir is just amazing.

von Pratyush

•Jul 25, 2017

Easy to grasp, good amount of practice, and well taught.

von Scott L

•Jun 25, 2018

I enjoyed this course. It was a good introduction to each concept with enough practice to help learn. Would need to be supplemented with more real world practice before i would feel comfortable using at work. Specifically, understanding random sampling.

von Yury V

•Aug 13, 2017

This is an amazing course, very useful to those who works with large massive of data everyday. Materials offered in this course are very useful to analyze business processes. I would highly recommend this course to my colleagues and friends.

von Mai Z

•Sep 24, 2017

The theory is well explained, and the pratices on examples help to understand deeper.

von abhinav k

•Dec 23, 2016

Looking forward to more such courses on Statistics and Probability related to Data Science.

von Chirag S

•Apr 02, 2018

Nice course

von William B

•May 30, 2017

Amazing course!

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