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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
EdX’s course on Statistics for business-I is ideal for the aspirants who want to build a fruitful career in business management and who wish to learn deeply about the concepts of business statistics. It is provided to the students in association with the Indian Institute of Management in Bangalore (IIMB) and the classes are taken by their experienced faculty, Shankar Venkatgiri. This intermediate course in business statistics is the first course in the series of 4-part courses on Business statistics. The course can be switched to a verified account with access to complete benefits like full-time access to the course, certification, and graded assessments.
This short program mainly focuses on giving a detailed Introduction and in-depth study on Business statistics to the students in which it is taught how data is examined from different perspectives and how it's applied to make better business decisions along with key concepts like descriptive statistics, summarizing variables, visualization techniques, numerical data and so on.
The Highlights
- Self-paced online programme
- Free audit period for all enrolled learners
- Course offered by edX
- In association with IIMB
- Experienced faculty from IIMB
- Shareable and verified certificate upon completion
- The course duration of 7 weeks recommended with 2-4 hours of effort per week
- A first course in the 4-part series of courses on Business statistics
- Provision of financial aid
Programme Offerings
- Spreadsheets
- Pre Course evaluation
- Short video clips
- MCQs
- Exercises
- Caselets
- discussions forums
- Final Exam
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | IIM Bangalore |
Eligibility Criteria
Work experience
Candidates working as a practising manager or an Entrepreneur who wants to understand business data can opt for this course.
Education
Understanding of college-level algebra and calculus are required for this course. Also, the knowledge of spreadsheets could help you with understanding the materials more easily.
Certification qualifying details
The candidates are awarded the certificate of completion on the course, Statistics for Business- I, after the completion of the course for verified account holders. The students are required to attempt and complete the final exam which requires at least 3 hours. The students can attempt the exam during the entire last week.
What you will learn
The aspirants after the course completion, could upgrade their skills and enlarge their knowledge in different aspects such as:
- To learn how to clean up a dataset.
- To summarize the data using single-point measures of dispersion & centrality.
- To increase the understanding of joint and marginal probability, conditional probability, and probability.
- To learn the usage of spreadsheet software to analyse a dataset.
- To study techniques to download the required data from major internet sources.
- To raise and answer pertinent business-oriented questions of datasets.
- To explore how to classify the variables with scale.
- To aggregate the variables with the help of pivot tables.
- To understand the applications of Bayes rules to reverse probabilities on a decision tree.
- To describe datasets in multiple ways, both visually and numerically.
Who it is for
The following candidates can opt for this course on Statistics for business-I :
- Aspirants who wish to have deep knowledge in Business statistics.
- Aspirants who are currently students pursuing a college degree, a professional who wants to upgrade their relevant skills, or a job seeker who wants to build a promising career in Statistics.
Admission Details
The online certification course in Statistics for Business- I, follows a hassle-free online registration process.
Candidates can register themselves by following the given simple steps:
Step: 1 - Browse the course website from the URL- https://iimbx.iimb.ac.in/statistics-for-business-i/
Step: 2 - Create an account or sign up using any social media account from the option ‘Sign up’ on the top right corner of the site.
Step: 3 - Go to the required course after completing the verification of the account through the confirmation link sent to your given mail address.
Step: 4 - Click on the button, Enroll now for successfully enrolling in the course.
Step: 5 - Select the option, Audit the course if you only wish to audit the course without payment. Otherwise, click on ‘Upgrade’ to avail of the complete benefits of the course.
Step: 6 - Choose the suitable payment option and complete the payment.
Step: 7 - After the payment, the complete registration of the course is done.
The Syllabus
- Welcome to QM101.1x
- Spreadsheet tutorial
- The subject of statistics
- Summarizing numerical variables by category
- Exercise
- Summarizing categorical variables
- Variables and scales
- Exercise
Demographics demo
- Dispersion
- Exercise
- Summary statistics
- Exercise
- Sources of data: the internet
- Preparing data before analysis
- Experience with week
- Slides used this week
- Retail demo
- Retail demo old
- Skew and kurtosis
- Exercise
- Summarising grouped data
- Exercise
- Box plots
- Exercise
- Percentiles
- Exercise
- Caselet
- The Mythical skew
- Experience with the week
- Slides used this week
- Exercise
- Caselet: from placements to admissions
- Histograms
- Correlation
- Slides used this week
- Demo
- Bayes rule
- Exercise 7.2
- Slides used this week
- Experience with week
- The framework of probability
- Probability
- Conditional probability
- Exercises 6.1
- Joint and marginal probabilities
- Exercise 6.2
- Slide used this week
- Experience with week
- Post-course evaluation
- Final exam
Instructors
IIM Bangalore Frequently Asked Questions (FAQ's)
With the upgrade to verified account, the students can avail a certification, graded assessments, and unlimited access to the course, apart from the common features offered in the audit session.
The discussion forums provide a platform for common discussions and queries regarding the course. Students and the course team interact with discussions on selected topics.
Students have the provision to shift their deadlines with ‘Shift due dates’ choice, in a self-paced course. However, they cannot change exams fixed by an instructor.
The certificate is given after it is successfully earned. Students can only find the printable copy, not physical copies, by clicking the link to view the certificate in the dashboard.
The students need to apply for financial assistance for this course before the deadline to upgrade the account to a verified track account which is provided within the course.
Few key concepts covered in the course for the students are Bayes theorem, decision trees, visualization techniques, numerical data, statistics introduction, probability, descriptive statistics etc.
The students can receive their refund if they unenroll themselves within the refund eligibility duration of 14 days after the start of the course of your purchase.
The provision to resume the course on their own time since it's a self-paced course and it's done by clicking the option of Resume course in the respective course.
The course provides the students with the availability of video transcripts along with the video lessons in four different languages: English, Spanish, Chinese, and Hindi.
The final examination for the course conducted in the final week requires a computer with a webcam option and should devote at least 3 hours for the exam.