Continuing Education Credits: Total PDUs/Contact Hours: 5 Strategic & Business Management PDUs: 1 Technical PM PDUs: 2.5CEUs: 0.5 (Contact Hours: 5 hours) HRCIs: 5
Estimated time to complete: 5 hours (90 days access time)
Self Paced Online Course Description:
There are a number of statistical tools and techniques that are commonly used by organizations to inform decision-making. These tools span numerous business functions and support many different objectives. This intermediate-level course describes, evaluates, and analyzes different statistical techniques and their real-world limitations and benefits. The course features crossover analysis, break-even analysis, cluster analysis, decision tree analysis as well as an introduction to regression.
What You Will Learn:
- Describe linear programming as finding the best solution to a problem
- Explain how crossover analysis is utilized in decision making
- Explain the factors and assumptions involved in break-even analysis
- Apply the standard deviation rule to a special case of normal distributions
- Interpret the results of an ANOVA test
- Describe the various forecasting techniques and the benefits and limitations
- Identify regression analysis applications for purposes of description and prediction
- Describe other statistical techniques (time series analysis, cluster analysis, decision trees) and their real-world application
- Explain the advantages and disadvantages of various statistical techniques
- Choose a statistical technique based on a brief case study
Key Features:
- Mobile-friendly
- Badge and credit-awarding
- Real-world case studies
- Fully accessible
- Games & Flashcards
- Expert-supported
- Video content
- Audio-enabled