OIS 3440 Applications of Business Statistics
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This hands-on, example-based OIS 3440 Applications of Business Statistics course uses the core tools and concepts of Six Sigma as a coherent framework. Topics for discussion include experimental design, degree of fit, contingency tables, correlation analysis, nonparametric statistics, and an introduction to statistical process control. Also, practical skills in designing and interpreting regression models are acquired in functional areas such as accounting, finance, marketing, and operations, emphasizing the depth of the topic rather than its breadth. Microsoft Excel is used to generate graphics and digital output with an emphasis on interpreting the output. The final project provides for comprehensive writing and presentation of cases and includes the main provisions of the course tools. In terminology, business cases are used for reinforcement.
Statistics have many applications in business. With technological advances, companies are generating a lot of data these days. This data is now used for decision making. These better decisions we make help us improve the performance of our departments, companies, or the entire economy. Statistics are widely used to improve business performance using Analytics.
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