Course Details

• Introduction: With growing uncertainty in competitive business environment, managers need to estimate probability of any event happening and based on it make decisions. It is important for Managers and Business Analysts to learn to make such estimates. The participants will learn the theory of probability and a complete framework of making estimates of uncertain factors influencing business outcomes using Excel tools.

• Critical Managerial Abilities - The course is highly practice based with a focus on learning to solve business problems using Analytics. Thus, a large number of business cases are provided for the participants to solve using the concepts, methods and technology. Thus, participants build following Critical Managerial Abilities:

• Use of decision making framework
• Nature of data and learning to organize it for analysis
• Statistical analysis
• Probability theory and its application to business challenges
• Decision Analysis