VOOZH about

URL: https://www.coursera.org/learn/business-statistics

⇱ Inferential and Predictive Statistics for Business | Coursera


Inferential and Predictive Statistics for Business

Keep adding new skills with 10,000+ programs for $239 (usually $399). Save now.

Gain insight into a topic and learn the fundamentals.
4.8

877 reviews

Intermediate level
Some related experience required
Flexible schedule
2 weeks at 10 hours a week
Learn at your own pace
95%
Most learners liked this course

Gain insight into a topic and learn the fundamentals.
4.8

877 reviews

Intermediate level
Some related experience required
Flexible schedule
2 weeks at 10 hours a week
Learn at your own pace
95%
Most learners liked this course

What you'll learn

  • Test for beliefs about a population.

  • Compare differences between populations.

  • Use the linear regression model for prediction.

  • Learn how to use Excel for statistical analysis.

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

23 assignments

Taught in English

Build your subject-matter expertise

This course is part of the Managerial Economics and Business Analysis Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 4 modules in this course

This course provides an analytical framework to help you evaluate key problems in a structured fashion and will equip you with tools to better manage the uncertainties that pervade and complicate business processes. To this end, the course aims to cover statistical ideas that apply to managers by discussing two basic themes: first, is recognizing and describing variations present in everything around us, and then modeling and making decisions in the presence of these variations. The fundamental concepts studied in this course will reappear in many other classes and business settings. Our focus will be on interpreting the meaning of the results in a business and managerial setting.

While you will be introduced to some of the science of what is being taught, the focus will be on applying the methodologies. This will be accomplished through use of Excel and using data sets from many different disciplines, allowing you to see the use of statistics in very diverse settings. The course will focus not only on explaining these concepts but also understanding the meaning of the results obtained. You will be able to: • Test for beliefs about a population • Compare differences between populations • Use linear regression model for prediction • Use Excel for statistical analysis This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

In the course orientation, you will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course. You will then begin learning about hypothesis testing. Will will then focus on hypothesis testing. Watch any infomercial and you hear many outrageous promises. Use this cream and your skin will look 80% firmer! Use this supplement and you will lose 10 pounds in the first 10 days! Are they telling you the truth? Are they all lying? The only way to know the answer to any of these questions is to scientifically test the claim being made – that is what we call hypothesis testing and what we will learn in this module.

What's included

14 videos9 readings7 assignments1 discussion prompt1 plugin

14 videosTotal 88 minutes
  • Welcome to Inferential and Predictive Statistics for Business!6 minutes
  • Learn on Your Terms1 minute
  • Excel Data Analysis Toolpak1 minute
  • 1-1.1. Formulating the Hypothesis14 minutes
  • 1-2.1. Analyzing the Result8 minutes
  • 1-3.1. Two-Tail Test for Mean10 minutes
  • 1-3.2. Two-Tail Test for Mean in Excel5 minutes
  • 1-4.1. One-Tail Test for Mean6 minutes
  • 1-4.2. Left-Tail Test for Mean in Excel4 minutes
  • 1-4.3. Right-Tail Test for Mean in Excel6 minutes
  • 1-5.1. Testing the Proportion12 minutes
  • 1-5.2. Left-Tail Test for Proportion in Excel6 minutes
  • 1-5.3. Right-Tail Test for Proportion in Excel4 minutes
  • 1-5.4. Two-Tail Test for Proportion in Excel5 minutes
9 readingsTotal 132 minutes
  • Syllabus10 minutes
  • ePub10 minutes
  • About the Discussion Forums4 minutes
  • Glossary15 minutes
  • Online Education at Gies College of Business10 minutes
  • Using Excel for this Course10 minutes
  • Updating Your Profile10 minutes
  • Module 1 Overview3 minutes
  • Module 1 Readings60 minutes
7 assignmentsTotal 130 minutes
  • Orientation Quiz10 minutes
  • Lesson 1-1 Practice Quiz15 minutes
  • Lesson 1-2 Practice Quiz30 minutes
  • Lesson 1-3 Practice Quiz15 minutes
  • Lesson 1-4 Practice Quiz15 minutes
  • Lesson 1-5 Practice Quiz15 minutes
  • Module 1 Quiz30 minutes
1 discussion promptTotal 10 minutes
  • Getting to Know Your Classmates10 minutes
1 pluginTotal 15 minutes
  • Demographic Survey15 minutes

Does the medicine a person is taking to treat his condition really work better than a sugar pill? Is the new chip-enabled credit card more secure than the magnetic card? How do you know whether the claims being made about anything being “better than” or “faster than” a competitor are true? In this module we will learn to make this comparison.

What's included

11 videos2 readings6 assignments1 peer review

11 videosTotal 93 minutes
  • 2-1.1. Testing for No Difference in Means17 minutes
  • 2-1.2. Testing for No Difference in Means in Excel10 minutes
  • 2-1.3. Two-Tail Mean Test for Two Samples and Calculating the Confidence Interval in Excel7 minutes
  • 2-2.1. One-Tail Test of the Means9 minutes
  • 2-2.2. One-Tail Test of the Means in Excel6 minutes
  • 2-3.1. Testing for a Specific Value in Means6 minutes
  • 2-4.1. Paired Tests9 minutes
  • 2-4.2. Paired Test in Excel7 minutes
  • 2-5.1. Test of Proportions12 minutes
  • 2-5.2. One-Tail Test of Proportions for Two Samples in Excel7 minutes
  • 2-5.3. Two-Tail Test of Proportions for Two Samples in Excel4 minutes
2 readingsTotal 63 minutes
  • Module 2 Overview3 minutes
  • Module 2 Readings60 minutes
6 assignmentsTotal 105 minutes
  • Lesson 2-1 Practice Quiz15 minutes
  • Lesson 2-2 Practice Quiz15 minutes
  • Lesson 2-3 Practice Quiz15 minutes
  • Lesson 2-4 Practice Quiz15 minutes
  • Lesson 2-5 Practice Quiz15 minutes
  • Module 2 Quiz30 minutes
1 peer reviewTotal 60 minutes
  • Inferential and Predictive Statistics Peer Review Assignment60 minutes

Does your job involve a lot of sitting? If so, you are at higher risk of coronary heart disease. How do I know this? We got to know the relationship between coronary heart disease and sitting when researchers studied a cohort of London bus drivers and bus conductors from 1947 to 1972. If you want to know more, then read on!

What's included

9 videos2 readings6 assignments

9 videosTotal 70 minutes
  • 3-1.1. An Introduction12 minutes
  • 3-2.1. Least Square Methods8 minutes
  • 3-2.2. Least Square Method in Excel4 minutes
  • 3-3.1. Assessing the Regression Model10 minutes
  • 3-3.2. Testing the Significance in Excel4 minutes
  • 3-4.1. Using the Model11 minutes
  • 3-4.2. Simple Linear Regression: Excel Output Analysis8 minutes
  • 3-5.1. Model Assumptions and Limitations8 minutes
  • 3-5.2. Residual Analysis in Excel4 minutes
2 readingsTotal 63 minutes
  • Module 3 Overview3 minutes
  • Module 3 Readings60 minutes
6 assignmentsTotal 120 minutes
  • Lesson 3-1 Practice Quiz15 minutes
  • Lesson 3-2 Practice Quiz15 minutes
  • Lesson 3-3 Practice Quiz30 minutes
  • Lesson 3-4 Practice Quiz15 minutes
  • Lesson 3-5 Practice Quiz15 minutes
  • Module 3 Quiz30 minutes

You are trying to predict next month’s sales numbers. You know that dozens, maybe even hundreds, of things like the weather, competitor’s promotions, rumors, etc. can impact the number. You talk to five people and each one has an idea about what makes the biggest impact, and the only thing they offer is “trust me.” Do you wish there was a better way of doing this rather than relying on blind faith? Well, there is. We can use Multiple Regression to sort through this mess and bring the focus to factors that really do matter.

What's included

7 videos4 readings4 assignments1 plugin

7 videosTotal 56 minutes
  • 4-1.1. Model Introduction12 minutes
  • 4-1.2. Developing Multiple Regression Model in Excel6 minutes
  • 4-1.3. Multiple Regression: Excel Output Analysis5 minutes
  • 4-2.1. Qualitative Data – Two Categories13 minutes
  • 4-2.2. Dummy Variable in Excel – Two Categories7 minutes
  • 4-3.1. Qualitative Data – Many Categories7 minutes
  • 4-3.2. Dummy Variable in Excel – Many Categories6 minutes
4 readingsTotal 83 minutes
  • Module 4 Overview3 minutes
  • Module 4 Readings60 minutes
  • Congratulations on completing the course!10 minutes
  • Get Your Course Certificate10 minutes
4 assignmentsTotal 75 minutes
  • Lesson 4-1 Practice Quiz15 minutes
  • Lesson 4-2 Practice Quiz15 minutes
  • Lesson 4-3 Practice Quiz15 minutes
  • Module 4 Quiz30 minutes
1 pluginTotal 15 minutes
  • Course-End Survey15 minutes

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Build toward a degree

This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹

Instructor

Instructor ratings
4.8 (123 ratings)
University of Illinois Urbana-Champaign
5 Courses60,339 learners

Explore more from Business Essentials

Why people choose Coursera for their career

👁 Image

Felipe M.

Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
👁 Image

Jennifer J.

Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
👁 Image

Larry W.

Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
👁 Image

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

  • 5 stars

    86.80%

  • 4 stars

    11.03%

  • 3 stars

    1.13%

  • 2 stars

    0.22%

  • 1 star

    0.79%

Showing 3 of 877

SG
·

Reviewed on May 19, 2017

Very good introductory Statistics course. The topic selection is very pertinent to meet the need of a manager to analyze data and to make decision. Quality of teaching is GREAT.

JK
·

Reviewed on May 4, 2019

great to learn on how regressions are run and used for all kinds of examples. Feels great to accomplish and finish this course.

VS
·

Reviewed on Jul 18, 2020

The Professor is gracious lady and commands huge respect. Very clear and confident in her knowledge and style of teachings. I wish Ma'am nothing less than the very best.

Frequently asked questions

Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). If you choose to explore the course without purchasing, you may not be able to access certain assignments.

You will be eligible for a full refund until 2 weeks after your payment date. You cannot receive a refund once you’ve earned a Course Certificate, even if you complete the course within the 2-week refund period. View our full refund policy.

Yes! Coursera provides financial aid to learners who would like to complete a course but cannot afford the course fee. To apply for aid, select "Learn more and apply" in the Financial Aid section below the "Enroll" button. You'll be prompted to complete a simple application; no other paperwork is required.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Financial aid available,