Effective Business Decisions Using Data Analysis Training
BMC Training provides a training course in Effective Business Decisions Using Data Analysis in Management and Leadership
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Istanbul26 - 3 - 202330 - 3 - 2023
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Dubai26 - 3 - 202330 - 3 - 2023
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Paris26 - 3 - 202330 - 3 - 2023
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Kuala Lumpur2 - 4 - 20236 - 4 - 2023
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Dubai2 - 4 - 20236 - 4 - 2023
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Paris2 - 4 - 20236 - 4 - 2023
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Dubai9 - 4 - 202313 - 4 - 2023
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Paris9 - 4 - 202313 - 4 - 2023
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London16 - 4 - 202320 - 4 - 2023
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Istanbul23 - 4 - 202327 - 4 - 2023
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Dubai7 - 5 - 202311 - 5 - 2023
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Paris7 - 5 - 202311 - 5 - 2023
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London14 - 5 - 202318 - 5 - 2023
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Kuala Lumpur21 - 5 - 202325 - 5 - 2023
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Istanbul28 - 5 - 20231 - 6 - 2023
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Dubai28 - 5 - 20231 - 6 - 2023
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Paris28 - 5 - 20231 - 6 - 2023
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London4 - 6 - 20238 - 6 - 2023
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Istanbul11 - 6 - 202315 - 6 - 2023
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Kuala Lumpur18 - 6 - 202322 - 6 - 2023
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Dubai18 - 6 - 202322 - 6 - 2023
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Paris18 - 6 - 202322 - 6 - 2023
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Dubai25 - 6 - 202329 - 6 - 2023
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Paris25 - 6 - 202329 - 6 - 2023
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London2 - 7 - 20236 - 7 - 2023
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Dubai9 - 7 - 202313 - 7 - 2023
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Paris9 - 7 - 202313 - 7 - 2023
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Dubai16 - 7 - 202320 - 7 - 2023
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Paris16 - 7 - 202320 - 7 - 2023
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Istanbul23 - 7 - 202327 - 7 - 2023
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Dubai23 - 7 - 202327 - 7 - 2023
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Paris23 - 7 - 202327 - 7 - 2023
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Istanbul6 - 8 - 202310 - 8 - 2023
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Kuala Lumpur13 - 8 - 202317 - 8 - 2023
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Dubai13 - 8 - 202317 - 8 - 2023
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Paris13 - 8 - 202317 - 8 - 2023
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Dubai20 - 8 - 202324 - 8 - 2023
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Paris20 - 8 - 202324 - 8 - 2023
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London27 - 8 - 202331 - 8 - 2023
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Dubai3 - 9 - 20237 - 9 - 2023
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Paris3 - 9 - 20237 - 9 - 2023
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Kuala Lumpur10 - 9 - 202314 - 9 - 2023
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Istanbul17 - 9 - 202321 - 9 - 2023
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Dubai17 - 9 - 202321 - 9 - 2023
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Paris17 - 9 - 202321 - 9 - 2023
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London24 - 9 - 202328 - 9 - 2023
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Dubai1 - 10 - 20235 - 10 - 2023
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Paris1 - 10 - 20235 - 10 - 2023
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London8 - 10 - 202312 - 10 - 2023
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Istanbul15 - 10 - 202319 - 10 - 2023
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Kuala Lumpur22 - 10 - 202326 - 10 - 2023
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Dubai22 - 10 - 202326 - 10 - 2023
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Paris22 - 10 - 202326 - 10 - 2023
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Kuala Lumpur5 - 11 - 202310 - 11 - 2023
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Istanbul12 - 11 - 202317 - 11 - 2023
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Dubai12 - 11 - 202317 - 11 - 2023
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Paris12 - 11 - 202317 - 11 - 2023
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London19 - 11 - 202324 - 11 - 2023
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Dubai26 - 11 - 202330 - 11 - 2023
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Paris26 - 11 - 202330 - 11 - 2023
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London3 - 12 - 20237 - 12 - 2023
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Dubai10 - 12 - 202314 - 12 - 2023
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Paris10 - 12 - 202314 - 12 - 2023
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Istanbul17 - 12 - 202321 - 12 - 2023
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Kuala Lumpur24 - 12 - 202328 - 12 - 2023
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Dubai24 - 12 - 202328 - 12 - 2023
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Paris24 - 12 - 202328 - 12 - 2023
Introduction
This interactive, applications-driven 5-day course will highlight the added value that data analytics can offer a professional as a decision support tool in management decision making. It will show the use of data analytics to support strategic initiatives; to inform on policy information; and to direct operational decision making. The course will emphasize applications of data analytics in management practice; focus on the valid interpretation of data analytics findings; and create a clearer understanding of how to integrate quantitative reasoning into management decision making. Exposure to the discipline of data analytics will ultimately promote greater confidence in the use of evidence-based information to support management decision making.
This course will feature:
- Discussions on applications of data analytics in management
- The importance of data in data analytics
- Applying data analytical methods through worked examples
- Focusing on management interpretation of statistical evidence
- How to integrate statistical thinking into the work domain
objectives
By the end of this course, participants will be able to:
- Appreciate data analytics in a decision support role.
- Explain the scope and structure of data analytics.
- Apply a cross-section of useful data analytics.
- Interpret meaningfully and critically assess statistical evidence.
- Identify relevant applications of data analytics in practice.
Contents
Day One
Setting the Statistical Scene in Management
- Introduction; The quantitative landscape in management
- Thinking statistically about applications in management (identifying KPIs)
- The integrative elements of data analytics
- Data: The raw material of data analytics (types, quality and data preparation)
- Exploratory data analysis using excel (pivot tables)
- Using summary tables and visual displays to profile sample data
Day Two
Evidence-based Observational Decision Making
- Numeric descriptors to profile numeric sample data
- Central and non-central location measures
- Quantifying dispersion in sample data
- Examine the distribution of numeric measures (skewness and bimodal)
- Exploring relationships between numeric descriptors
- Breakdown analysis of numeric measures
Day Three
Statistical Decision Making – Drawing Inferences from Sample Data
- The foundations of statistical inference
- Quantifying uncertainty in data – the normal probability distribution
- The importance of sampling in inferential analysis
- Sampling methods (random-based sampling techniques)
- Understanding the sampling distribution concept
- Confidence interval estimation
Day Four
Statistical Decision Making – Drawing Inferences from Hypotheses Testing
- The rationale of hypotheses testing
- The hypothesis testing process and types of errors
- Single population tests (tests for a single mean)
- Two independent population tests of means
- Matched pairs test scenarios
- Comparing means across multiple populations
Day Five
Predictive Decision Making - Statistical Modeling and Data Mining
- Exploiting statistical relationships to build prediction-based models
- Model building using regression analysis
- Model building process – the rationale and evaluation of regression models
- Data mining overview – its evolution
- Descriptive data mining – applications in management
- Predictive (goal-directed) data mining – management applications
Courses Search
Traning Categories
- Management and Leadership
- Finance , Accounting and Budgeting
- Human Resource Management
- Project , Procurement and Contracts
- Secretarial and Administration
- PR , Customer Services , Sales and Marketing
- Quality and Productivity
- Maintenance Engineering Training
- Oil and Gas Training
- Construction and Civil Engineering Training
- Facilities Management Training
- Safety Training
- Electrical and Power Engineering Training
PDF Training Plan 2023 - 2024
- Management and Leadership
- Finance , Accounting and Budgeting
- Human Resource Management
- Project , Procurement and Contracts
- Secretarial and Administration
- PR , Customer Services , Sales and Marketing
- Quality and Productivity
- Maintenance Engineering Training
- Oil and Gas Training
- Facilities Management Training
- Safety Training
- Electrical and Power Engineering Training