Essential Statistics for Data Analysis

Essential Statistics for Data Analysis | Udemy [Update 11/2022]
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Genre: eLearning

Learn statistics with fun, real-world projects; probability distributions, hypothesis tests, regression analysis & more!

What you’ll learn
Learn powerful statistics tools and techniques for data analysis & business intelligence
Understand how to apply foundational statistics concepts like the central limit theorem and empirical rule
Explore data with descriptive statistics, including probability distributions and measures of variability & central tendency
Model data and make estimates using probability distributions and confidence intervals
Make data-driven decisions and draw conclusions with hypothesis testing
Use linear regression models to explore variable relationships and make predictions

This is a hands-on, project-based course designed to help you learn and apply essential statistics concepts for data analysis & business intelligence. Our goal is to simplify and demystify the world of statistics using familiar tools like Microsoft Excel, and empower everyday people to understand and apply these tools and techniques – even if you have absolutely no background in math or stats!

We’ll start by discussing the role of statistics in business intelligence, the difference between sample and population data, and the importance of using statistical techniques to make smart predictions and data-driven decisions.

Next we’ll explore our data using descriptive statistics and probability distributions, introduce the normal distribution and empirical rule, and learn how to apply the central limit theorem to make inferences about populations of any type.

From there we’ll practice making estimates with confidence intervals, and using hypothesis tests to evaluate assumptions about unknown population parameters. We’ll introduce the basic hypothesis testing framework, then dive into concepts like null and alternative hypotheses, t-scores, p-values, type I vs. type II errors, and more.

Last but not least, we’ll introduce the fundamentals of regression analysis, explore the difference between correlation and causation, and practice using basic linear regression models to make predictions using Excel’s Analysis Toolpak.

Throughout the course, you’ll play the role of a Recruitment Analyst for Maven Business School. Your goal is to use the statistical techniques you’ve learned to explore student data, predict the performance of future classes, and propose changes to help improve graduate outcomes.

You’ll also practice applying your skills to 5 real-world BONUS PROJECTS, and use statistics to explore data from restaurants, medical centers, pharmaceutical companys, safety teams, airlines, and more.

COURSE OUTLINE:

Why Statistics?

Discuss the role of statistics in the context of business intelligence and decision-making, and introduce the statistics workflow

Understanding Data with Descriptive Statistics

Understand data using descriptive statistics, including frequency distributions and measures of central tendency & variability

PROJECT #1: Maven Pizza Parlor

Modeling Data with Probability Distributions

Model data with probability distributions, and use the normal distribution to calculate probabilities and make value estimates

PROJECT #2: Maven Medical Center

The Central Limit Theorem

Introduce the Central Limit Theorem, which leverages the normal distribution to make inferences on populations with any distribution

Making Estimates with Confidence Intervals

Make estimates with confidence intervals, which use sample statistics to define a range where an unknown population parameter likely lies

PROJECT #3: Maven Pharma

Drawing Conclusions with Hypothesis Tests

Draw conclusions with hypothesis tests, which let you evaluate assumptions about population parameters using sample statistics

PROJECT #4: Maven Safety Council

Making Predictions with Regression Analysis

Make predictions with regression analysis, and estimate the values of a dependent variable via its relationship with independent variables

PROJECT #5: Maven Airlines

Join today and get immediate, lifetime access to the following:

7.5 hours of high-quality video

Statistics for Data Analysis PDF ebook (150+ pages)

Downloadable Excel project files & solutions

Expert support and Q&A forum

30-day Udemy satisfaction guarantee

If you’re an analyst, data scientist, business intelligence professional, or anyone looking to use statistics to make smart, data-driven decisions, this course is for you!

Happy learning!

-Enrique Ruiz (Lead Statistics & Excel Instructor, Maven Analytics)

Who this course is for:
Aspiring data professionals who want an intuitive, beginner-friendly introduction to the world of statistics
Business intelligence professionals who want to make confident, data-driven decisions
Anyone using data to make assumptions, estimates or predictions on the job
Students looking to learn powerful, practical skills with unique, hands-on projects and demos