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Management & Leadership Courses

Data Analytics for Managerial Decision Making


Introduction:

This 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. This 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

Targeted Groups:

  • Professionals in management support roles
  • Analysts who typically encounter data / analytical information regularly in their work environment
  • Those who seek to derive greater decision making value from data analytics

Course Objectives:

At the end of this course the 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

Targeted Competencies:

  • Applications of data analytics in management
  • Data analytics
  • Applying data analytical methods through worked examples
  • Focusing on management interpretation of statistical evidence
  • Integrating the statistical thinking into the work domain

Course Content:
Unit 1: Setting the Statistical Scene in Management:

  • 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

Unit 2: 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

Unit 3: 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

Unit 4: 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

Unit 5: 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


UAE (Dubai)
29/8/2021 - 2/9/2021
Euro 2500
UAE (Dubai)
27/6/2021 - 1/7/2021
Euro 2500
UAE (Dubai)
7/11/2021 - 11/11/2021
Euro 2500
UAE (Dubai)
7/2/2021 - 11/2/2021
Euro 2500
Egypt (Cairo)
21/3/2021 - 25/3/2021
Euro 2500
Egypt (Cairo)
15/8/2021 - 19/8/2021
Euro 2500
Egypt (Cairo)
5/9/2021 - 9/9/2021
Euro 2500
Morocco (Casablanca)
28/2/2021 - 4/3/2021
Euro 2500
Jordan (Amman)
19/12/2021 - 23/12/2021
Euro 2500
UK (London)
16/8/2021 - 20/8/2021
Euro 4500
UK (London)
6/9/2021 - 10/9/2021
Euro 4500
Egypt (Sharm El-Sheikh)
30/5/2021 - 3/6/2021
Euro 2500
Egypt (Sharm El-Sheikh)
3/10/2021 - 7/10/2021
Euro 2500
Malaysia (Kuala Lumpur)
6/6/2021 - 10/6/2021
Euro 3500
Malaysia (Kuala Lumpur)
5/12/2021 - 9/12/2021
Euro 3500
Malaysia (Kuala Lumpur)
21/2/2021 - 25/2/2021
Euro 3500
Turkey (Istanbul)
29/8/2021 - 2/9/2021
Euro 3000
Turkey (Istanbul)
27/6/2021 - 1/7/2021
Euro 3000
Turkey (Istanbul)
26/12/2021 - 30/12/2021
Euro 3000
Turkey (Istanbul)
21/2/2021 - 25/2/2021
Euro 3000
France (Paris)
25/1/2021 - 29/1/2021
Euro 4500
France (Paris)
19/7/2021 - 23/7/2021
Euro 4500
Switzerland (Geneva)
23/8/2021 - 27/8/2021
Euro 4500
Spain (Barcelona)
1/2/2021 - 5/2/2021
Euro 4500
Spain (Barcelona)
21/6/2021 - 25/6/2021
Euro 4500
Spain (Barcelona)
6/12/2021 - 10/12/2021
Euro 4500
Italy (Rome)
27/12/2021 - 31/12/2021
Euro 4500
Italy (Rome)
29/3/2021 - 2/4/2021
Euro 4500
Manama (Bahrain)
14/11/2021 - 18/11/2021
Euro 2500
Manama (Bahrain)
7/3/2021 - 11/3/2021
Euro 2500
Oman(Muscat)
6/6/2021 - 10/6/2021
Euro 2500
Kuwait (Kuwait)
13/6/2021 - 17/6/2021
Euro 2500
Spain (madrid)
2/8/2021 - 6/8/2021
Euro 4500
Spain (madrid)
29/3/2021 - 2/4/2021
Euro 4500
Singapore (Singapore)
8/3/2021 - 12/3/2021
Euro 4500
USA (Boston)
24/5/2021 - 28/5/2021
Euro 5000
Netherlands (Amsterdam)
8/11/2021 - 12/11/2021
Euro 4500
Netherlands (Amsterdam)
1/3/2021 - 5/3/2021
Euro 4500
Canada (Toronto)
5/4/2021 - 9/4/2021
Euro 5000
Germany (Munich)
3/5/2021 - 7/5/2021
Euro 4500
Online
28/11/2021 - 2/12/2021
Euro 1250
Online
3/10/2021 - 7/10/2021
Euro 1250
Online
13/6/2021 - 17/6/2021
Euro 1250
Online
4/4/2021 - 8/4/2021
Euro 1250