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Last updated:

October 29, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

Communicating With Data has a distinctive structure and content, combining fundamental quantitative techniques of using data to make informed management decisions with illustrations of how real decision makers, even highly trained professionals, fall prey to errors and biases in their understanding.

We present the fundamental concepts underlying the quantitative techniques as a way of thinking, not just a way of calculating, in order to enhance decision-making skills. Rather than survey all of the techniques of management science, we stress those fundamental concepts and tools that we believe are most important for the practical analysis of management decisions, presenting the material as much as possible in the context of realistic business situations from a variety of settings. Exercises and examples drawn from marketing, finance, operations management, strategy, and other management functions.

Course Curriculum

  • Introduction Unlimited
  • Decision Analysis I – Kendall Crab and Lobster Case Unlimited
  • Laws of Probability Unlimited
  • Value Unlimited
  • Discrete Probability Unlimited
  • Binomial Distribution Unlimited
  • Portfolio Risk Management Unlimited
  • Normal Distribution Unlimited
  • Central Limit Theorem Unlimited
  • Sampling and Sample Means Unlimited
  • Simulation Unlimited
  • Estimation and Mis-estimation Unlimited
  • Summary Unlimited

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Massachusetts Institute of Technology
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