Statistics for Business Analytics using MS Excel

Learn how probability & statistics is used for business & business strategy. Make statistical business models in Excel

4.42 (570 reviews)
Udemy
platform
English
language
Data & Analytics
category
Statistics for Business Analytics using MS Excel
43,309
students
10.5 hours
content
Apr 2024
last update
$79.99
regular price

What you will learn

Learn the concepts of Probability and statistics required for making business decisions

Use concept of Statistical inference to make statistics-based judgement of business scenarios

Knowledge of all the essential Excel formulas required for Business Analysis

Implement predictive ML models such as simple and multiple linear regression to predict outcomes to real world problems

Knowledge of data-related operations such as calculating, transforming, matching, filtering, sorting, and aggregating data

Learnr important probability distributions such as Normal distribution, Poisson distribution, Exponential distribution, Binomial  distribution etc

Solve business case-studies with Excel's data analytics tools such as solver, goal seek, scenario manager, etc

Learn about important data processing topics like outlier treatment, missing value imputation, variable transformation, and correlation.

Why take this course?

You're looking for a complete course on understanding Statistics for Business Analytics, right?

You've found the right Statistics for Business Analytics using MS Excel course! This course will teach you data-driven decision-making and the use of analytical and statistical methods in business settings.

After completing this course you will be able to:

  • Understand how to formulate a business problem as an analytics problem

  • Summarize business data into tables and charts to communicate information effectively

  • Make predictive machine learning model to predict business outcomes

  • Use statistical concepts to reach business decisions

  • Interpret the results of statistical models for formulating strategy

How this course will help you?

A Verifiable Certificate of Completion is presented to all students who undertake this course on Statistics for Business Analytics in Excel.

If you are a business manager, or business analyst or an executive, or a student who wants to learn Statistics concepts and apply analytics techniques to real-world problems of the Business business function, this course will give you a solid base for Statistics and Analytics by teaching you the most popular Business analysis models and how to implement it them in MS Excel.

Why should you choose this course?

We believe in teaching by example. This course is no exception. Every Section’s primary focus is to teach you the concepts through how-to examples. Each section has the following components:

  • Theoretical concepts and use cases of different Statistical models required for evaluating business models

  • Step-by-step instructions on implementing business models in MS Excel

  • Downloadable Excel files containing data and solutions used in MS Excel

  • Class notes and assignments to revise and practice the concepts in MS Excel

The practical classes where we create the model for each of these strategies are something that differentiates this course from any other course available online.

What makes us qualified to teach you?

The course is taught by Abhishek (MBA - FMS Delhi, B. Tech - IIT Roorkee) and Pukhraj (MBA - IIM Ahmedabad, B. Tech - IIT Roorkee). As managers in the Global Analytics Consulting firm, we have helped businesses solve their business problems using Analytics and we have used our experience to include the practical aspects of analytics in this course. We have in-hand experience in Business Analysis and MS Excel.

We are also the creators of some of the most popular online courses - with over 600,000 enrollments and thousands of 5-star reviews like these ones:

This is very good, i love the fact the all explanation given can be understood by a layman - Joshua

Thank you Author for this wonderful course. You are the best and this course is worth any price. - Daisy

Our Promise

Teaching our students is our job and we are committed to it. If you have any questions about the course content, practice sheet, or anything related to any topic, you can always post a question in the course or send us a direct message.

Download Practice files, take Quizzes, and complete Assignments

With each lecture, there are class notes attached for you to follow along. You can also take quizzes to check your understanding of concepts like Business Statistics and Analytics in MS Excel. Each section contains a practice assignment for you to practically implement your learning on Business Analysis in MS Excel.

What is covered in this course?

The analysis of data is not the main crux of analytics. It is the interpretation that helps provide insights after the application of analytical techniques that makes analytics such an important discipline. We have used the most popular analytics software tool which is MS Excel. This will aid the students who have no prior coding background to learn and implement  Statistics and Analytics concepts to actually solve real-world problems of Business Analysis.

Let me give you a brief overview of the course

  • Part 1 - Excel for data analytics

In the first section, i.e. Excel for data analytics, we will learn how to use excel for data-related operations such as calculating, transforming, matching, filtering, sorting, and aggregating data.

We will also cover how to use different types of charts to visualize the data and discover hidden data patterns.

  • Part 2 - Statistics foundations for business analysts

Then, in the second section, i.e. Statistics foundations for business analysts, we will start learning about the core concepts of Business Analytics i.e. probability and probability distribution. We will look at important probability distributions used in a business setting such as Normal distribution, Poisson distribution, Exponential distribution, Binomial  distribution etc

These concepts form the foundation of data analytics, machine learning, and deep learning.

  • Part 3 - Statistical Decision making

Once we have covered the basics of probability, in the 3rd section, i.e. Statistical Decision making we will discuss some advanced concepts related to sample testing i.e. hypothesis testing.

These are the concepts that differentiate a beginner from a pro!

  • Part 4 - Optimizing Business Models

In the fourth section, i.e. Optimizing Business Models we will learn how to solve common business problems with the help of excel's data analytics tools such as solver, goal seek, scenario manager, etc.

  • Part 5 - Preprocessing Data for ML models

In this section, you will learn what actions you need to take step by step to get the data and then prepare it for analysis, these steps are very important. We start with understanding the importance of business knowledge then we will see how to do data exploration. We learn how to do uni-variate analysis and bivariate analysis then we cover topics like outlier treatment, missing value imputation, variable transformation, and correlation.

  • Part 6 - Linear regression model for predicting metrics

This section starts with simple linear regression and then covers multiple linear regression.

We have covered the basic theory behind each concept without getting too mathematical about it so that you understand where the concept is coming from and how it is important. But even if you don't understand it, it will be okay as long as you learn how to run and interpret the result as taught in the practical lectures.

I am pretty confident that the course will give you the necessary knowledge on Business Statistics and Business Analysis using MS Excel, and the skillsets of a Business Analyst to immediately see practical benefits in your workplace.

Go ahead and click the enroll button, and I'll see you in lesson 1 of this Statistics for Business Analytics course!

Cheers

Start-Tech Academy

Screenshots

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Reviews

Usoroh
September 30, 2023
All steps taken to work through a problem is not almost always not said out. And as such you don't carry some of your students along.eg where to place some functions to derive desired result, you would say it out where this function should be placed. Rather you'll do as if you are teaching yourself. Another issue with you is the type of pointer(cusour) you are using. The 'yellow circle' will not allow one to see where you are placing the cursor. Please change your cursor! Please improve your accent is really impeding fast understanding of the course. Improvement on that aspect will aid comprehension especially for those that are of your origin. The excel used
Anubhav
July 11, 2023
The delivery of content was excellent. It helped me go through some of the critical concepts of statistics and excel. But there should be more exercises or quizzes for practice by the student. That's why 0.5 star less ...
Mark
April 1, 2023
very clear explanations from the beginning, good pace, showing all the steps. A practical working guide to using statistics via excel. Just what I needed.
Ayorinde
February 2, 2023
This is a very interesting course, I have really gained a lot and I will apply what I have learned to my daily work schedule
Spyridon
January 7, 2023
so far the information is very good and practical. when i will finish i willl have a better aspect of the course. the negatives - his english and his voice telling all this. also sometimes the quality of screem is very bad.
Ibrahim
January 3, 2023
I really loved the entire course. But I think the excel files used in the lectures should be given out so that the student can practice alongside the videos. Thanks.
John
December 21, 2022
This is one of the best Udemy Courses that I have purchased. I bought it for the business analytics (which was excellent) but I really enjoyed the review of Excel. I honestly feel that the authors could break the course into two and the student would still receive cost effective courses. I have referred back to this course several times for a quick review while completing an MBA with a concentration in finance with great results (I graduated with a 4.0 GPA). These two authors and the 365 series , in my opinion, are the best for business review/primary courses. Although the author has a thick Indian accent, I found that using headphones mitigates the difficulty (my laptop speakers are not the best quality) and he was very understandable with the headphones.
Mohammad
September 18, 2022
I think Its a great concepts and nice explanation. But for me literally much hard to understand its, but i know the little bit.
Abbas
September 5, 2022
Good explanation but more case studies about real world scenarios would be helpful in regression chapter
Adebisi
August 31, 2022
Quite impressed by the introductory aspect, as well as lecture delivery. I will update my rating by the end of the course.
Pedro
August 28, 2022
fue una buena elección haber tomado este curso es excelente para comprender todos los conceptos de estadística
Vidura
August 24, 2022
A great course well structured everything from beginners level to intermediate level of excel is covered here. well explained highly recommended.
Nikunj
June 24, 2022
Some of the important content is missing like finding accuracy at end of predicting values and how to improve the model by adjusting which parameters. Rest of the part, the course has covered many topics which were under the carpet before. Thank you for making such kind of course and keep making such detailed courses.
Ifiok-obong
May 28, 2022
This is a good learning platform that provides all the basic training and calculation needed in solving optimization problems in statistics.
Sidharth
April 6, 2022
content quality is good but content delivery is very bad. completing this course is such an boring process for me but still I have to do it. I hope you will improve it in future

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4309430
udemy ID
9/20/2021
course created date
10/1/2021
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