Graduate Certificate in Business Statistics
-- ViewingNowThe Graduate Certificate in Business Statistics is a comprehensive course that empowers learners with critical analytical skills. In an era driven by data, this program's importance is undeniable, providing a solid foundation in statistical theory and practical application.
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Here are the essential units for a Graduate Certificate in Business Statistics:
โข Probability Theory: Conditional probability, Bayes' theorem, random variables, probability distributions.
โข Inferential Statistics: Sampling distributions, estimation, hypothesis testing, confidence intervals.
โข Regression Analysis: Simple and multiple linear regression, model selection, diagnostics, residual analysis.
โข Analysis of Variance (ANOVA): One-way and two-way ANOVA, factorial designs, random and mixed models.
โข Multivariate Analysis: Principal component analysis, factor analysis, cluster analysis.
โข Design of Experiments: Experimental designs, randomization, replication, blocking, factorial designs.
โข Time Series Analysis: Autoregressive (AR), moving average (MA), and autoregressive moving average (ARMA) models.
โข Business Applications: Statistical process control, quality management, forecasting, decision making.
These units cover the fundamental concepts and techniques in business statistics and provide a solid foundation for further studies in the field. The focus is on practical applications, with an emphasis on interpreting and communicating statistical results in a business context.
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