Decision Making for Leaders: Leveraging Data

via Udemy

Go to Course: https://www.udemy.com/course/decision-making-for-leaders-leveraging-data/

Overview

If you are a manufacturing professional looking to advance your data analysis skillset so that you can advance your business career, then this is the class for you!! In this second course in its series course, "Decision Making for Leaders: Leveraging Data", you will learn beginner and intermediate level skills from 3 important areas of business data analysis:Understanding and Analyzing Data VariationMaking Statistically Confirmed DecisionsUtilizing Leading and Lagging Indicators to Monitor Business ProcessesEach of these sections are "bite sized" lessons that a busy professional can watch in one or two lunch breaks or evenings.In the first section, Understanding and Analyzing Data Variation, you will learn:The value of visualizing your data on a time-based run chartHow to calculate control limits as a means of characterizing the normal range of your processHow to use Cpk as a business indicatorIn the second section, Making Statistically Confirmed Decisions, you will learn:How statistical tools like hypothesis testing can improve your decision-making abilities.How to measure to two sources of error, alpha and beta.How to perform one-, two-, and both-tailed hypothesis tests using both the t and Z statistic. And in the third section, Utilizing Leading and Lagging Indicators to Monitor Business Processes, you will learn:The value of both leading and lagging indicators in monitoring your business processesReal life examples of both types of indicatorsConnecting leading and lagging indicators for greater business successIn addition to over 3 1/2 hours of high-quality video, this class also offers several downloadable resources including:The slide deck for each of the three lessons (OVER 200 SLIDES TOTAL) Several Excel Spreadsheets that were used during these lessons (Excellent for practicing your new skills!!)If you are going to be successful in business or operations, you must know how to extract useful insights from your organization's data. Complement your managerial and people skills today with "Decision Making for Leaders: Leveraging Data", and take your career to its next level.See you in class!!

Skills

Reviews