In this data-driven world, companies are often interested in knowing what is the "best" course of action, given the data. For example, manufacturers need to decide how many units of a product to produce given the estimated demand and raw material availability? Should they make all the products in-house or buy some from a third-party to meet the demand? Prescriptive Analytics … [Read more...] about Optimization for Decision Making
Data Science
Bayesian Statistics
This course describes Bayesian statistics, in which one's inferences about parameters or hypotheses are updated as evidence accumulates. You will learn to use Bayes’ rule to transform prior probabilities into posterior probabilities, and be introduced to the underlying theory and perspective of the Bayesian paradigm. The course will apply Bayesian methods to several practical … [Read more...] about Bayesian Statistics
Response Surfaces, Mixtures, and Model Building
Factorial experiments are often used in factor screening.; that is, identify the subset of factors in a process or system that are of primary important to the response. Once the set of important factors are identified interest then usually turns to optimization; that is, what levels of the important factors produce the best values of the response. This course provides design … [Read more...] about Response Surfaces, Mixtures, and Model Building
Algebra and Differential Calculus for Data Science
Are you interested in Data Science but lack the math background for it? Has math always been a tough subject that you tend to avoid? This course will teach you the most fundamental Calculus concepts that you will need for a career in Data Science without a ton of unnecessary proofs and techniques that you may never use. Consider this an expressway to Data Science with … [Read more...] about Algebra and Differential Calculus for Data Science
Bayesian Statistics: From Concept to Data Analysis
This course introduces the Bayesian approach to statistics, starting with the concept of probability and moving to the analysis of data. We will learn about the philosophy of the Bayesian approach as well as how to implement it for common types of data. We will compare the Bayesian approach to the more commonly-taught Frequentist approach, and see some of the benefits of the … [Read more...] about Bayesian Statistics: From Concept to Data Analysis
