Statistics for Business Analytics Course
This course provides students with a comprehensive understanding of statistical principles and their application in the field of business analytics. Through a combination of theoretical concepts and practical exercises, students will develop the skills necessary to collect, analyze, and interpret data, enabling them to make informed decisions in a data-driven business environment. Topics covered include probability theory, descriptive statistics, hypothesis testing, regression analysis, and data visualization. By the end of the course, students will be equipped with the knowledge and tools to utilize statistical techniques effectively, communicate insights to stakeholders, and contribute to data-informed decision-making processes.
max. 8 weeks
Estimated time per week
Statistics for Business Analytics Course Overview
Identify the fundamental concepts of data, data types, variables, scales, exploration,
Prepare a sample of representative data from a population through the application of fundamental sampling principles and techniques
Analyze various hypothesis-testing scenarios
Apply probability theory to scenarios
Compare and contrast statistical tests, including goodness-of-fit tests, chi-square tests for independence, and chi-square tests for normality, to analyze relationships between categorical variables and assess data fit to specific distributions.
Create a list of credible resources in the field of statistics for future business analytics students
Statistics for Business Analytics Course Skills
How will I learn?
How will I be graded?
What will I get after completing the course?
What support will I receive?
When you have a dedicated team on your side, you'll never be alone studying at Nexford. Hailing from many different countries and with online education expertise, our faculty provides you world-class support. Ask them questions during one-to-one office hours or live chat, email them any time, and get individual feedback on your assessments.
While you’re learning, you’ll also have full access to the Nexford online library, which includes access to millions of full-text articles, industry reports and key sources such as the Wall Street Journal, the Financial Times and The Economist.
LinkedIn Learning: unlimited access with Nexford
Support your Nexford goals with access to LinkedIn Learning during your program, at no additional cost. Explore the learning hub of the globe’s biggest professional networking platform to:
- Power your career: choose from over 16,000 expert-led courses, from remote working to data science
- Show off your skills: earn a certificate when you complete a course
- See what’s trending: LinkedIn Learning adds 25 new courses each week
- Tailor your learning: choose relevant courses based on your experience, LinkedIn profile and goals
- Test what you’ve learned: use LinkedIn Learning assessments
Statistics for Business Analytics Course Testimonials
My weekly reflective journal is my Nexford highlight. Thanks to faculty support, I continually apply principles to my enterprise – and I've been able to scale beyond considerable measure.