Course Description

Provide a basic introduction to the concepts of Predictive Analytics Tools and Methodologies from an awareness perspective. In-class exercises as well as review of worked out examples for each main methodology for various disciplines.

Who should attend (Suitability and application)

This course is designed for managers, leaders, senior data analysts, buyers and technical analysts.

Training Content

• Introduction to Statistics

o Population Parameters vs Sample Statistics

o Confidence Interval, Hypothesis Testing, alpha level and p-value

o Correlation and Linear Regression

• Understanding Data, Significance and Causality

o Collecting the right data (identify sources of variation)

o Establishing Significance (data analysis techniques)

o Establishing Predictability (ability to influence desired outcome)

o In Class Exercise of the technique and tool

• Prediction through Regression

o Introduction to Prediction through Regression

o In Class Exercise of the technique and tool

• Monte Carlo Prediction

o Introduction to Prediction through Monte Carlo

o In Class Exercise of the technique and tool

• Data Mining – Historical Design of Experiments

o Obtaining the Predictive Benefits of Design of Experiments through use of historical data

o In Class Exercise of the technique and tool

Course delivery details

This is a 1 day interactive course offering, with practical examples within each type of analytic technique.

Costs

Please inquire.

Includes course material in PDF format, and certificate.

Certification (Degree and Diploma)

Predictive Analytics Certificate