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Understanding Statistics for Managers
Course Details - Understanding Statistics for Managers
Duration: 1 Day
Overview: Nowadays the use of analytics is widespread in business and for those without statistical training interpreting the results of statistical analyses can be daunting.
This course is aimed at individuals who are faced with making informed business decisions from statistical analyses created by analysts.
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At Course Completion: This course will enable you to understand the results of statistical analysis and avoid common mistakes, pitfalls and misunderstandings.
Who Should Attend: This course in aimed at individuals without statistical training who are faced with making informed business decisions from the results of analyses created by analysts within their business.
Prerequisites: None.
Outline:
- What is data?
- What is statistical analysis
- Data distributions for both continuous data and categorical data
- Understanding means, standard errors, and confidence intervals
- What is a hypothesis test?
- Understanding correlation
- Understanding regression models
- Understanding cross tabulations
- Common misinterpretations
- 10 questions to ask your analyst
About The Analytics Store
The mission of The Analytics Store is to help businesses to transform data into actionable insights. We strive to work with companies to use Advanced Analytics to drive intelligent business decisioning.
Through our training and consultancy The Analytics Store works with customers to improve the consistency of their decision making, using targeted analytics to enable decisions based on quantified costs, benefits and risks.
At The Analytics Store our experience covers a wide range of Statistical and Data Mining application areas with particular expertise in Risk Analytics, Fraud Analytics, Customer Insight Analytics and Quality Control.
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