LiveLessons – Prescriptive Analytics

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Overview:
Prescriptive Analytics for Optimal Decision-Making LiveLessons is designed and developed to provide comprehensive coverage of the underlying concepts and definitions of business analytics, and specifically prescriptive analytics, in order to clarify the confusion about the already crowded terminology and buzzwords for these popular evidence-based managerial decisioning trends.

Prescriptive analytics are where the optimal decisions are made, often based on the information provided by descriptive and predictive analytics layers. The lesson structure in this course provides a natural progression of the foundational concepts, methods, and methodologies of prescriptive analytics as well as their application areas, the best practices, a variety of software tools, and how to use those tools to identify the best decision for a given, often overly complex, real-world problem.

Based on this foundational understanding, the course builds hands-on skills with a variety of popular prescriptive analytics tools and platforms (including Microsoft Excel) using intuitive examples and simplified data sets. The key idea is to build both awareness and in-depth understanding of prescriptive analytics best practices through intuitive, visual, and hands-on applications and case studies.


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