In this course, students will learn to apply theoretical methods, such as those introduced in Business Analytics I, to real data. The focus of the course will be on statistical/computational (data science) methods and, to see how these methods can be applied in practice, the course builds around a case study. Faced with a real-world data set, students progress through various steps of data management and model design in order to arrive at a business decision, which is effectively supported by quantitative methods.
Topics include:
- Basic data handling and summary statistics
- Data processing and visualization
- Hypothesis testing
- Regression models (linear and logistic)
The focus is on being able to choose an appropriate method based on the type of data and on the underlying research question, to apply the methods in R and to accordingly interpret their results.