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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 business problems often have too many alternative solutions, you will learn how optimization can help you identify the best option. Learners participating in assignments will be able to get free access to the Analytic Solver Platform.
In this course, you will learn how to create models for decision making.
