course hack
Analytics for Decision MakingBy Rick Cleary, Nathan Karst, Davit Khachatryan, Babson College

In a Nutshell

This edX course from Babson College provides analytical tools you can use to avoid making poor decisions and ask the right questions before taking action, in business and beyond.

Favorite quote

If you're not going to do something about it, it may not be worth measuring.

Andrew Chan, entrepreneurship blogger

Introduction

We all are familiar with the phrase 'knowledge is power'. But in order to translate into power, the information your knowledge is based on must be both relevant and correct.

This course from Babson College is taught by Dr. Rick Cleary, who chairs the Division of Mathematics and Science, specializing in sports, biomechanics, and statistical approaches to fraud detection. Along with professor of Applied Mathematics Dr. Nathan Karst and assistant professor of Statistics and Analytics Dr. Davit Khachatryan, Dr. Cleary discusses variability in real-life analytics applications, along with essentials for startups as well as big businesses. Making effective data-driven decisions can give you a significant competitive advantage.

Here are the 3 key insights from this Hack

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    Variability is the essence of statistical data models
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