Give yourself an employment advantage by developing analytical skills that are consistently in high demand. This course will teach you powerful quantitative methods that will have you making better, more informed, and more effective business decisions.
The days of making critical business decisions by instinct or coin toss are long gone. If you are planning a career in business, you cannot afford to miss this course!
Explore a variety of analytical approaches you can use for making business decisions and look at the basic steps involved in problem solving. Then learn about basic probability concepts and how you assign probabilities to experimental outcomes as you find out how to apply probability concepts to business situations.
Understand the concepts of mean and standard deviation and how they’re used in business. You’ll also learn survey analysis, the various steps involved in doing a survey, and the most common errors that people make. Then, you’ll learn how to structure a problem so that when you decide how to deal with it, you know what result to expect. We’ll talk about using an optimistic, conservative, and an in-between approach in making decisions.
What if the decision you want to make isn’t the most sensible one from a financial perspective? There are times when you need to base the worth of a decision on its value to you and you’ll learn about this approach. Then, understand forecasting as it’s done in business analysis. You’ll learn about the two types of forecasting: qualitative and quantitative.
Discover modeling, which is the application of mathematical constructs to decision making. You’ll explore simple, intermediate, and complex types of models and discuss the two approaches to model development: reductionist and holistic. Then learn how models are developed within a business organization.
In this lesson, you’ll look at financial analysis and how it differs from accounting. We’ll discuss cost estimating, and various types of business costs, and you’ll get familiar with the concepts of break-even analysis and benefit/cost analysis. Then learn the basics of PERT/CPM and how to utilize these techniques in your work.
Risk is a part of any business situation, which makes it something you need to consider when you do business analysis, so we’ll cover step-by-step procedures for creating and using a simulation model to evaluate risk. Finally, you’ll look at computer-based information systems and their business applications.
Prerequisites / Requirements
Proficiency with basic algebra.
- This course can be taken on either a PC or Mac device.
- PC: Windows XP or later.
- Mac: OS X Snow Leopard 10.6 or later.
- Browser: The latest version of Internet Explorer, Firefox, Chrome, or Safari (We recommend Firefox or Chrome).
- Adobe Flash Player. Click here to download the Flash Player.
- Adobe Acrobat Reader. Click here to download the Acrobat Reader.
- Email capabilities and access to a personal email account.
- Software must be installed and fully operational before the course begins.
Instructional material requirements:
- The instructional materials required for this course are included in enrollment and will be available online.
WHEN CAN I GET STARTED?
A new session of each course opens each month, allowing you to enroll whenever your busy schedule permits!
HOW DOES IT WORK?
Once a session starts, two lessons will be released each week, for the six-week duration of your course. You will have access to all previously released lessons until the course ends.
HOW LONG DO I HAVE TO COMPLETE EACH LESSON?
The interactive discussion area for each lesson automatically closes 2 weeks after each lesson is released, so you’re encouraged to complete each lesson within two weeks of its release.
WHAT IF I NEED AN EXTENSION?
The Final Exam will be released on the same day as the last lesson. Once the Final Exam has been released, you will have 2 weeks plus 10 days to complete the Final and finish any remaining lessons in your course. No further extensions can be provided beyond these 10 days.