Statistical Thinking & Predictive Modeling
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Statistical Thinking & Predictive Modeling
This course is part of AI-Powered Decision Intelligence: Data to Strategic Insights Specialization
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What you'll learn
Apply statistical inference and hypothesis testing to compare customer segments and translate results into plain-language business recommendations.
Build, cross-validate, and optimize classification models in scikit-learn that meet defined performance thresholds for real business problems.
Evaluate feature-selection methods β including RFE and LASSO β to balance model accuracy with interpretability for non-technical stakeholders.
Integrate data exploration, predictive modeling, and executive communication into a complete customer lifetime value prediction pipeline.
Skills you'll gain
- Business Analytics
- Model Evaluation
- Supervised Learning
- Data Analysis
- Predictive Analytics
- Statistical Modeling
- Data Science
- Descriptive Statistics
- Feature Engineering
- Predictive Modeling
- Data Visualization
- Statistical Machine Learning
- Statistical Inference
- Statistical Analysis
- Exploratory Data Analysis
- Data Literacy
- Data-Driven Decision-Making
- Customer Analysis
- Statistical Hypothesis Testing
Tools you'll learn
Details to know
April 2026
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There are 11 modules in this course
Build the analytical skills that turn raw data into decisions leaders can act on. In this course, you will move through a complete decision-intelligence workflow β from exploring and summarizing data to running rigorous statistical tests, building production-ready predictive models, and communicating results to non-technical stakeholders.
You will learn to generate descriptive statistics and visual summaries that reveal data quality issues before they distort your analysis. You will design and execute hypothesis tests, interpret p-values in business terms, and balance Type I and Type II error trade-offs with confidence. In the modeling track, you will build and cross-validate classification models using scikit-learn, handle class imbalance with techniques like SMOTE and class weights, and apply feature-selection methods β including RFE and LASSO β to balance accuracy with interpretability. The course culminates in an end-to-end customer lifetime value prediction project that integrates every skill into a portfolio-ready deliverable. Whether you are moving into a data analyst, business intelligence, or machine learning role, this course gives you the technical depth and communication skills to stand out.
Apply confidence-interval estimation to compare conversion rates across segments and present the statistical significance.
What's included
3 videos1 reading1 assignment1 ungraded lab
3 videosβ’Total 12 minutes
- Why Statistical Confidence Matters in Business Decisionsβ’2 minutes
- Calculating Confidence Intervals for Conversion Rate Analysisβ’7 minutes
- Building Confidence Intervals in Python for Segment Comparisonβ’3 minutes
1 readingβ’Total 12 minutes
- Foundations of Confidence Interval Theory and Applicationβ’12 minutes
1 assignmentβ’Total 6 minutes
- Confidence Interval Analysis Assessmentβ’6 minutes
1 ungraded labβ’Total 18 minutes
- Segment Performance Analysis with Statistical Confidenceβ’18 minutes
Evaluate Type I/II error trade-offs for a proposed test and recommend appropriate alpha and beta thresholds.
What's included
2 videos2 readings2 assignments
2 videosβ’Total 11 minutes
- Calculating Optimal Alpha and Beta Thresholdsβ’7 minutes
- Implementing Error Analysis Framework in Pythonβ’4 minutes
2 readingsβ’Total 18 minutes
- Understanding Type I and Type II Errors in Business Contextβ’12 minutes
- Podcast: Navigating Error Trade-offs in Real-World Business Scenariosβ’6 minutes
2 assignmentsβ’Total 26 minutes
- Strategic Error Management for Business Testingβ’18 minutes
- Error Trade-off Analysis Assessmentβ’8 minutes
Conduct a two-sample t-test in Python/R, interpret p-values, translate outcomes into plain-language business recommendations, and analyze test power under varying sample sizes.
What's included
3 videos1 reading2 assignments1 ungraded lab
3 videosβ’Total 13 minutes
- Why Statistical Rigor Drives Business Successβ’2 minutes
- Implementing Two-Sample t-Tests for Business Decisionsβ’7 minutes
- Building Complete Statistical Analysis in Pythonβ’3 minutes
1 readingβ’Total 11 minutes
- Foundations of Two-Sample t-Tests for Business Analysisβ’11 minutes
2 assignmentsβ’Total 21 minutes
- Two-Sample t-Tests & Power Analysis Knowledge Checkβ’6 minutes
- Course-Level Statistical Testing and Analysis Assessmentβ’15 minutes
1 ungraded labβ’Total 17 minutes
- Complete Statistical Analysis with Power Optimizationβ’17 minutes
Build and diagnose multiple linear regression models with proper statistical validation and remediation techniques.
What's included
1 video2 readings1 assignment1 ungraded lab
1 videoβ’Total 4 minutes
- Building Multiple Linear Regression Models with Pythonβ’4 minutes
2 readingsβ’Total 19 minutes
- Multiple Linear Regression Fundamentals and Diagnostic Frameworkβ’12 minutes
- Podcast: Interpreting Regression Diagnostics for Business Decisionsβ’7 minutes
1 assignmentβ’Total 6 minutes
- Multiple Linear Regression Diagnostics Assessmentβ’6 minutes
1 ungraded labβ’Total 20 minutes
- Complete Regression Analysis Pipeline with Diagnostic Validationβ’20 minutes
Apply advanced classification methods including gradient boosting and logistic regression while handling class imbalance for optimal performance.
What's included
3 videos1 reading2 assignments
3 videosβ’Total 17 minutes
- Why Classification Mastery Drives Business Successβ’4 minutes
- Classification Fundamentals: Logistic Regression and Gradient Boostingβ’9 minutes
- Implementing Classification Models with Pythonβ’3 minutes
1 readingβ’Total 10 minutes
- Advanced Model Evaluation Strategies for Business Applicationsβ’10 minutes
2 assignmentsβ’Total 25 minutes
- Customer Churn Model Development and Business Evaluationβ’18 minutes
- Classification Methods and Model Comparison Assessmentβ’7 minutes
Evaluate and remediate class imbalance using SMOTE while documenting performance impact on F1-score for comprehensive model validation.
What's included
1 video1 reading2 assignments1 ungraded lab
1 videoβ’Total 4 minutes
- Implementing SMOTE and Class Weighting for Imbalanced Dataβ’4 minutes
1 readingβ’Total 11 minutes
- Class Imbalance Techniques and Performance Evaluationβ’11 minutes
2 assignmentsβ’Total 31 minutes
- Class Imbalance Handling Assessmentβ’6 minutes
- Comprehensive Regression and Classification Mastery Assessmentβ’25 minutes
1 ungraded labβ’Total 20 minutes
- Advanced Class Imbalance Analysis and Model Optimizationβ’20 minutes
Build cross-validated random forest models that achieve business-defined accuracy targets
What's included
2 videos1 reading1 assignment1 ungraded lab
2 videosβ’Total 12 minutes
- Random Forest Implementation Strategies for Demand Forecastingβ’6 minutes
- Building Random Forest Models with Scikit-Learnβ’6 minutes
1 readingβ’Total 12 minutes
- Random Forest Fundamentals for Business Applicationsβ’12 minutes
1 assignmentβ’Total 8 minutes
- Random Forest Model Building Assessmentβ’8 minutes
1 ungraded labβ’Total 20 minutes
- Building Production-Ready Random Forest Demand Forecasting Modelsβ’20 minutes
Evaluate and monitor model drift using statistical metrics to ensure long-term reliability
What's included
2 videos2 readings
2 videosβ’Total 9 minutes
- The Critical Need for Model Drift Monitoring in Business Applicationsβ’3 minutes
- Calculating PSI and KS Statistics for Production Model Monitoringβ’6 minutes
2 readingsβ’Total 16 minutes
- Statistical Methods for Model Drift Detectionβ’10 minutes
- Podcast: Implementing Monthly Model Drift Monitoring Workflowsβ’6 minutes
Implement standardized cross-validation pipelines for multiple supervised algorithms and compare performance metrics
What's included
2 videos1 reading2 assignments
2 videosβ’Total 11 minutes
- Implementing Scikit-Learn Cross-Validation Pipelines for Algorithm Comparisonβ’6 minutes
- Building Comparative Cross-Validation Pipelines in Pythonβ’5 minutes
1 readingβ’Total 11 minutes
- Cross-Validation Pipeline Architecture for Algorithm Comparisonβ’11 minutes
2 assignmentsβ’Total 23 minutes
- Comprehensive Algorithm Comparison Using Cross-Validation Pipelinesβ’17 minutes
- Cross-Validation Pipeline Implementation Assessmentβ’6 minutes
Assess feature selection techniques to balance model accuracy with interpretability
What's included
3 videos1 reading3 assignments
3 videosβ’Total 13 minutes
- The Strategic Balance Between Model Performance and Business Interpretabilityβ’3 minutes
- Evaluating Feature Selection Methods: Performance vs. Interpretability Trade-offsβ’5 minutes
- Implementing and Comparing RFE and LASSO Feature Selectionβ’5 minutes
1 readingβ’Total 12 minutes
- Comparative Analysis of RFE and LASSO Feature Selection Methodsβ’12 minutes
3 assignmentsβ’Total 45 minutes
- Feature Selection Method Evaluation for Business Applicationsβ’17 minutes
- Feature Selection Methods Assessmentβ’8 minutes
- Feature Selection Methods Comprehensive Assessmentβ’20 minutes
You will build a complete customer lifetime value (CLV) prediction pipeline for an e-commerce company. Starting from raw transaction data, you will conduct exploratory data analysis, execute a hypothesis test comparing customer segments, build and cross-validate a classification model, apply feature selection to balance accuracy and interpretability, and deliver an executive summary memo with actionable marketing recommendations. The project integrates data summarization, statistical inference, classification modeling, and supervised learning into a single end-to-end analytical workflow.
What's included
4 readings1 assignment
4 readingsβ’Total 90 minutes
- Why This Project Mattersβ’10 minutes
- Project Requirementsβ’10 minutes
- Assignment: Customer Lifetime Value Prediction Model β’60 minutes
- Solution Keyβ’10 minutes
1 assignmentβ’Total 15 minutes
- Graded Quiz: Customer Lifetime Value Predictionβ’15 minutes
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- Status: Free Trial
Specialization
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O.P. Jindal Global University
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