Effective Business Decisions Using Data Analysis
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Course Details
- Introduction
- Objective
- Who should attend
- Course Location
Every professionals strives to make quality decisions. Quality decisions result from a careful and thorough evaluation of relevant information. Often such information is generated through statistical manipulation of data, but few professionals possess quantitative reasoning skills to meaningfully and validly interpret such statistical findings themselves or question the interpretations given by others.
Effective Business Decisions Using Data Analysis Training course will feature the added value that data analytics can offer a professional as a decision support method in management decision making. It will highlight the usage of data analytics to support strategic initiatives; to inform on policy information; and to direct operational decision making.
The course will emphasise applications of data analytics in management practice; focus on the valid interpretation of data analytics findings; and build a clearer understanding of how to integrate quantitative reasoning into management decision making.
Course Outline
Setting the Scene and Observational Decision Making
- Setting the Quantitative Scene
- The Decision Support Role of Quantitative Methods in Management
- "Thinking Statistically" about Applications in Business Practice
- The Elements and Scope of Quantitative Management
- Data and the importance of Data Quality
