Improve Your Business With Statistical Modelling

This course is for researchers & analysts in all fields

"Why is that happening now?" and "How can we improve performance" are common questions when business performance takes an unexpected turn. Whether it be sales, customer complaints, production defects, product quality, consumer opinion, staff turnover, overhead costs, stock levels, order fulfilment, policy compliance, supplier performance, waiting times, etc, all businesses want to know the reasons for success or failure. If these reasons are within the business' control then they will know what to do in order improve performance.

By using the principles & tools of statistical modelling as introduced in this course, you can be surer of identifying the variables that drive business performance and the means of improving performance. Using a mixture of stimulating discussions and real-life case studies, each step will be carefully explained, its relevance to performance improvement highlighted and how the relevant calculations can be done in Excel.

• What is modelling and the 4 reasons for building models

• How to specify models and the importance of the matrix scatterplot

• How to build linear regression models using Microsoft Excel

• How to decide if your model will help you to understand and improve performance