Application for the next batch of the Diploma Program is now open.
Applications open now for next batch of the Diploma Program
The problems faced by decision makers in today’s business environments are extremely complex. Hence, the task of making good decisions is not easy. The answer is in building quantitative models, and this course is designed to help you understand the fundamentals of this critical, foundational, business skill. The business application of statistical methods is the core focus of this course. In that sense, the course builds on the core course in the first year of the program. That basic course focused on the preliminaries of the area. This course highlights a business application and then demonstates an application of a statistical techique to solve that scenario and arrive at the best decisions and insights.
At the end of the this course, the students will be able to apply various statistical techniques to solve various business problems.
Extrapolate using various techniques and with statistical robustness.
Build data-centric business models.
Course structure & Assessments
8 weeks of coursework, weekly online assignments, 2 in-person invigilated quizzes, 1 in-person invigilated end term exam.
For details of standard course structure and assessments, visit
Data dashboarding Insights from data summary
Can summarizing the data provide insights?
Do people in different cities prefer different
Predicting the stock returns – Regression basics
How do you pay a professor? – Regression diagnostics - Path variables
Can I cure cancer? – Logistic Regression - Connection with classification problem
What is the impact of repeatedly watching the same ad? Repeated measures ANOVA
When the data has a time axis: Time series modeling