What Is Programming? And How To Get Started
January 28, 2025
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This course is part of Advanced Business Analytics Specialization
Instructor: Manuel Laguna
89,261 already enrolled
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(1,837 reviews)
(1,837 reviews)
Describe the significance of optimization in identifying optimal solutions for complex business problems
Implement optimization techniques to identify the best possible course of action among multiple alternatives
Judge the appropriateness of optimization techniques in finding optimal solutions for practical business challenges
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In this course you will learn how to create models for decision making. We will start with cluster analysis, a technique for data reduction that is very useful in market segmentation. You will then learn the basics of Monte Carlo simulation that will help you model the uncertainty that is prevalent in many business decisions. A key element of decision making is to identify the best course of action. Since businesses problems often have too many alternative solutions, you will learn how optimization can help you identify the best option. What is really exciting about this course is that you won’t need to know a computer language or advanced statistics to learn about these predictive and prescriptive analytic models. The Analytic Solver Platform and basic knowledge of Excel is all you’ll need. Learners participating in assignments will be able to get free access to the Analytic Solver Platform.
7 videos1 reading2 assignments1 discussion prompt
7 videos2 assignments1 discussion prompt
At the end of this module students should be able to: 1. Develop a spreadsheet model for an optimization problem 2. Use Excel to solve optimization models 3. Interpret solutions and conduct what-if analysis
7 videos2 assignments1 discussion prompt
At the end of this module students should be able to: 1. Given a business situation, apply an appropriate technique to identify the best solution alternatives 2. Formulate and solve models for business problems that requires yes/no decisions and logical constraints 3. Create models that mix techniques and tools such as simulation and optimizationAnalyze and interpret results to make informed decisions
6 videos2 assignments1 discussion prompt
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
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Reviewed on Sep 4, 2020
Kindly try to accommodate tools which work for everyone. It is difficult to progress without the proper functioning of the tools in this case Simulation one.
Reviewed on Apr 7, 2021
Nice course, to help in taking decisions for own as well as other bussiness, i studies all new things related to the analytics. this course help to improve our self.
Reviewed on Jul 11, 2017
The instructor is great. However, I would like to know the solutions for the exam. I sometimes pass the exam but struggle with certain questions but had no clue how to resolve it.
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