Type : self-paced, online Access Time : 365 days from enrollment

Description : There are a number of statistical tools and techniques that are commonly used by organizations to inform decision-making. These tools span numerous business functions and support many different objectives. This intermediate-level course describes, evaluates, and analyzes different statistical techniques and their real-world limitations and benefits. The course features crossover analysis, break-even analysis, cluster analysis, decision tree analysis as well as an introduction to regression.

Learning Objectives :

1. Describe linear programming as finding the best solution to a problem
2. Explain how crossover analysis is utilized in decision making
3. Explain the factors and assumptions involved in break-even analysis
4. Apply the standard deviation rule to a special case of normal distributions
5. Interpret the results of an ANOVA test
6. Describe the various forecasting techniques and the benefits and limitations
7. Identify regression analysis applications for purposes of description and prediction
8. Describe other statistical techniques (time series analysis, cluster analysis, decision trees) and their real-world application
9. Explain the advantages and disadvantages of various statistical techniques
10. Choose a statistical technique based on a brief case study

Contact Hours : This course offers five (5) contact hours for continuing education credit.

CEUs : 0.5

Key Features :

• Mobile-friendly
• Badge and credit-awarding
• Real-world case studies
• Fully accessible
• Games & Flashcards
• Expert-supported
• Video content
• Audio-enabled

Refund Policy: You may request a refund up to 5 days from the purchase date. The registration fee will only be refunded if less than 10% of the course has been completed. Completion percentage can be viewed on the Course Progress page from within the course.

Notes:

Estimated time to complete: 5 hours

This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.

Learners must achieve an average test score of at least 80% to meet the minimum successful completion requirement and qualify to receive IACET CEUs. Learners will have three attempts at all graded assessments.

CAPM®/PMP®/PgMP®

• Technical PDUs: 2.5
• Leadership PDUs: 1.5
• Strategic/Business PDUs: 1

PfMP®

• Technical PDUs: 2.5
• Leadership PDUs: 1.5
• Strategic/Business PDUs: 1

PMI-ACP®

• Technical PDUs: 0
• Leadership PDUs: 1.5
• Strategic/Business PDUs: 1

PMI-PBA®

• Technical PDUs: 2.5
• Leadership PDUs: 1.5
• Strategic/Business PDUs: 1

PMI-RMP®

• Technical PDUs: 2.5
• Leadership PDUs: 1.5
• Strategic/Business PDUs: 1

PMI-SP®

• Technical PDUs: 0
• Leadership PDUs: 1.5
• Strategic/Business PDUs: 1