This course prepares participants to review, analyze, and make decisions based on results from business intelligence projects. The course covers reading and interpreting regression analysis. The course also gives participants the skills to critically analyze and identify potential limitations on analysis. The course also covers predicting changes in business outcomes based on analysis and identifying the level of certainty or confidence around those predictions. This paves the way for future detailed courses in predictive analytics.

***Please download and open all supporting materials before starting the course videos.***

Learning Objectives

 


  • Recognize univariate statistics and differences between statistics
  • Recognize coefficients on regression analysis
  • Identify precision of coefficient estimates based on confidence intervals
  • Identify driving factors of a business outcome based on statistical significance
  • Recognize the differences between statistically and economically significant coefficients
  • Explore limitations on specific statistical tests used in business intelligence 
Last updated/reviewed: March 18, 2024

Included In Certifications

This course is included in the following Certification Programs:

15 CoursesData Analytics Professional (DAP) Certification

  1. The Fundamentals of Business Intelligence (BI): What it Does and Why it's so Essential
  2. How is Industry Using Big Data? – A Case Study Reading
  3. Business Intelligence - Data Collection and Cleaning
  4. Business Intelligence - Structuring Data for Analysis
  5. Business Intelligence - Fundamentals of Data Analysis
  6. Business Intelligence - Using Big Data Analytics
  7. Doing Data Analytics In Excel (Hands-on module)
  8. Regressions in Excel (Hands-on module)
  9. Financial Forecasting
  10. Advanced Analytics – Omitted Variables
  11. Advanced Analytics – Fixed Effects
  12. Case Study in Data Analytics
  13. Using Regressions for Forecasting
  14. Financial Forecasting in Excel (Hands-on module)
  15. Blockchain for Business
61 Reviews (407 ratings)

Reviews

4
Member's Profile
It is a good overview of data analysis and I particularly like to see how the excel analysis is performed and how to interpret that result. However, a quick walkthrough of each of the three tables in the Summary Output from the Regression Analysis would be helpful. It seems that you will need to have the basic knowledge of business statistics to make the most of the course.

5
Anonymous Author
This was simple straight forward overview of the subject with a great simple illustration. We didn't get muddled down in the details of the illustrations. Really like the fact that the notes and examples were used effectively in the course.

5
Member's Profile
Great job making a simple example explain many different issues with analyzing data. I particularly appreciated the Economic Significance section that went beyond just running the numbers.

5
Member's Profile
Excellent course. Well presented, clear and concise. The professor does a great job of introducing students to the basics of multivariate analysis and regression.

4
Anonymous Author
I thought this course was good because the example was very illustrative. It was a relatable example and had easy to explain instances and a small sample size.

4
Anonymous Author
This class was informative and beneficial to my progression as a professional. I would like to thank you for taking the time to teach me. Thank you.

3
Member's Profile
I'm not sure if I understand why the median is completely separated from any effect of outliers will have on data, that could be explained better

5
Member's Profile
Excellent quick overview of the various statistical methods, although the name is slightly misleading, this has nothing to do with Big Data

5
Member's Profile
Another great course, I would like to have more ppt with 1 or 2 examples per topic, to help me to understand better and how apply them.

5
Anonymous Author
this course taught me so much information that my brain is currently overloaded and I had to take an advil. so much rockin information!

5
Anonymous Author
This course was shorter than the others, but still had good information on interpreting data and keeping economic significance in mind.

3
Member's Profile
good material on the different tests. I need to review the lesson a couple of times to fully understand the good points made in it.

5
Member's Profile
This course was interesting and I really appreciate the inclusion of work being done on excel to help us visualize what we're learning

5
Anonymous Author
This course was short, sweet, and straight to the point. The material was interesting and it was easy to stay engaged throughout.

4
Anonymous Author
This course was short, sweet, and straight to the point. The material was interesting and it was easy to stay engaged throughout.

5
Anonymous Author
This lecture provided example of interpreting previous learned method. I feel like it is very helpful to understand the concept.

3
Anonymous Author
Decent look into regression, sample size of the data was unrealistically small which took away from the learning possibilities.

5
Anonymous Author
The hands-on application of regression analysis, though simplified, was helpful in understanding how to interpret the results

4
Anonymous Author
I enjoyed this lecture more than several of the previous ones as it was less repetitive and more hands on and demonstrative.

4
Anonymous Author
Program was direct, short, and to the point. It was helpful, but for people with a strong stats background it was review.

5
Member's Profile
Great lesson! Thoroughly enjoyed the content and how it was presented. I found it to be very insightful and rewarding.

5
Anonymous Author
The course content were clear and well organized. The demo clarified how different tools and metrics may be utilized.

4
Anonymous Author
There was a lot of information in this course. I will go back through this course to get a better understanding.

5
Anonymous Author
Michael did a great job describing the importance of using big data analytics in a clear and concise manner.

5
Member's Profile
Excellent, is a good course guide to then deep in statistical maths, and with the mayor points to consider.

4
Anonymous Author
This course is really high level, so if you don't have a background in statistics, it is easy to get lost.

5
Anonymous Author
The instructor was helpful in teaching the principals and techniques you can use in regression analysis.

4
Anonymous Author
Good course and taught the material well. I disliked how few questions there were on the final.

4
Anonymous Author
It was very helpful to see a live excel demonstration of how data can be analyzed in real time.

4
Anonymous Author
Short helpful intro to big data. Great that it goes through an example to following along with.

5
Member's Profile
Thank you for the course. Learned about interpreting data and analyzing data. Helpful course.

4
Anonymous Author
I thought this course was on par with the other courses in terms of easiness to understand.

5
Member's Profile
This course described the difference between univariate and multivariate data analysis.

5
Anonymous Author
Short and effective hands-on training about interpreting results of data analysis.

5
Anonymous Author
Course was informative and easy to navigate. I would recommend it to a colleague.

5
Anonymous Author
Continues to build on the past courses well. I look forward to the next courses

5
Anonymous Author
This was a pretty basic overview of big data but still interesting and helpful.

5
Member's Profile
Great instructor and I would suggest this course to a college finance student

5
Anonymous Author
I was surprised to learn more tips about what all Excel has to offer.

4
Anonymous Author
Good course for learning how to use big data and vocab to go with it

5
Anonymous Author
Great course. It really helped my understanding of data analysis.

5
Member's Profile
Nice addition to the Business Intelligence videos and slides.

4
Anonymous Author
The example was very helpful to better understand the topic.

5
Anonymous Author
very good professor, easy to understand, great at explaining

5
Member's Profile
Excellent course! Very useful material to have knowledge of

4
Anonymous Author
Good course. Will be taking more courses. Will recommend.

5
Anonymous Author
Very good class, informative materials and well presented

4
Anonymous Author
The use of excel to go through the examples was helpful

3
Anonymous Author
The excel portion was helpful in understanding concepts

4
Anonymous Author
good continuation from his previous courses. well done

5
Member's Profile
Everything about this course was absolutely fantastic.

3
Anonymous Author
I like this course that is easy to follow through.

5
Anonymous Author
relative material

5
Member's Profile
Nice, quick course

3
Anonymous Author
good overview

5
Member's Profile
Great Lesson!

5
Anonymous Author
Great Course!

4
Anonymous Author
Great Course!

5
Anonymous Author
Great course

5
Member's Profile
Very Good!

3
Member's Profile
Hmm

Prerequisites
Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION and OVERVIEW
Applying and Using Data Analysis
  Overview of Interpreting Data3:01
  Interpreting Univariate Analysis 11:09
  Interpreting Regressions 6:10
  Economic Significance Analysis 3:23
CONCLUSION
  Analysis Limitations and Conclusion 5:39
CONTINUOUS PLAY
  Business Intelligence – Applying and Using Data Analysis30:37
SUPPORTING MATERIALS
  Slides: Applying and Using Data AnalysisPDF
  Applying and Using Data Analysis Glossary/IndexPDF
  Sample DataXLS
REVIEW and TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam