Program Objectives
Data & Analytics Framework
- Apply the analytics framework to your own context
- Learn how to visualize data
Descriptive Analytics
- Define and calculate descriptive statistics
- Manage quality with statistical process controls
Predictive Analytics
- Find relationship among variables
- Predict future probabilities and trends
Insights & Prescription
- Model business objectives and constraints
- Interpret optimization results, usage & limitations
Decision-Making
- Synthesize their data to insight journey
- Communicate insights extracted from data
Key Benefits
- Introduce the Data-Analysis-Insights-Decision framework
- Create charts, graphs and network diagrams to visualize data
- Compute measures of central tendencies & variability
- Calculate sample sizes
- Create and analyze process control charts
- Perform single and multiple regression analysis using Excel
- Estimate the predictive power of the variables
- Transform business objectives and constraints into mathematical model
- Set-up and perform linear optimization using Excel
- Compare & contrast model results
- Apply the analytics framework to a business problem needing decision
- Report the insights and gather feedback
Who Should Attend
Middle to top Management with different disciplines in but not limited to Marketing, Finance, General Management, Human Resource, Accounting and Operations. The program is also for prospective participants with IT and data-handling roles who want to have a keen understanding and appreciation of Analytics for Business.