Statistics for Business – I

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9/10 stars
based on  18 reviews
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Course Details

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FREE

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  • On demand

Course Provider

edX online courses
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Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

Provider Subject Specialization
Sciences & Technology
Business & Management
22301 reviews

Course Description

Statistics is a versatile discipline that has revolutionized the fields of business, engineering, medicine and pure sciences. This course is Part 1 of a 4-part series on Business Statistics, and is ideal for learners who wish to enroll in business programs. The first two courses cover topics in Descriptive Statistics, whereas the next two courses focus on Inferential Statistics.

Spreadsheets containing real data from diverse areas such as economics, finance and HR drive much of our discussions.  

In Part 1, we shall be exploring multiple ways to describe these datasets, numerically as well as visually. Throughout, we shall embrace a problem-based approach to understanding the material: the primary reason to pick up a tool or a technique will be to solve a problem. Our course makes judicious use of tools.

In Part 2, we shall take up a few datasets that have over a million rows, which makes it impossible to analyze using ...

Statistics is a versatile discipline that has revolutionized the fields of business, engineering, medicine and pure sciences. This course is Part 1 of a 4-part series on Business Statistics, and is ideal for learners who wish to enroll in business programs. The first two courses cover topics in Descriptive Statistics, whereas the next two courses focus on Inferential Statistics.

Spreadsheets containing real data from diverse areas such as economics, finance and HR drive much of our discussions.  

In Part 1, we shall be exploring multiple ways to describe these datasets, numerically as well as visually. Throughout, we shall embrace a problem-based approach to understanding the material: the primary reason to pick up a tool or a technique will be to solve a problem. Our course makes judicious use of tools.

In Part 2, we shall take up a few datasets that have over a million rows, which makes it impossible to analyze using a spreadsheet. This is a natural setting for R, an advanced statistical programming platform. The courses incorporate helpful tutorials to get learners acquainted with both the mechanisms. Parts 3 and 4 are dedicated to Inferential Statistics. In Part 3, we begin by exploring the benefits of random sampling, and apply the Central Limit Theorem to arrive at confidence intervals for important population parameters. We also learn how to formulate hypotheses for business data, and resolve them with the testing framework that we establish. Along the way, we shall compare two or more populations and draw inferences with a set of statistical tests.

You will learn all these concepts with the help of various demonstrations, which show real-life application of the concepts related to business situations.

Reviews 9/10 stars
18 Reviews for Statistics for Business – I

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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.

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10/10 starsCompleted
1 year, 7 months ago
It's impeccable experience. Thanks to Prof who has designed the course in such a good way that anyone can start this journey. Yes, I have started. The kind of confidence I gained by watching these videos can't be expressed. Data for me is - "Do All The Analytics". Having a 13+ yrs of IT industry experience in the field of System Administration(RedHat) and DevOPS(AWS), I wanted to move towards "Data Analytics" & "Business Intelligence" and this is what I got it. Kudos to our Prof.
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3/10 starsCompleted
2 years, 8 months ago
I hope you take the criticism in a constructive manner. I have no intention to disgrace you or IIM B, just giving the review of the course. This is only for beginners, those who use excel and even once have used pivot tables, instead go for Data Analysis in Excel by Microsoft, don't bother taking this one. All 2-3 year undergrads, do it to put IIM B logo on your resume. It makes no difference. There is barely any statistics used here other than mean, median, probability etc. Not much forecasting and stuff, no regressions, 0-hypothesis etc. Typical Indian College Course. Long exercises that check the endurance and not the understanding. You will be asked to do same thing again and again for different variables. I am going anonymous because I am ex student (I don't like calling myself an alumnus) of IIM B. Lots of unwanted distraction (overdone Lysa) even though some puns were very good. I wonder that effort would have been put to de... I hope you take the criticism in a constructive manner. I have no intention to disgrace you or IIM B, just giving the review of the course. This is only for beginners, those who use excel and even once have used pivot tables, instead go for Data Analysis in Excel by Microsoft, don't bother taking this one. All 2-3 year undergrads, do it to put IIM B logo on your resume. It makes no difference. There is barely any statistics used here other than mean, median, probability etc. Not much forecasting and stuff, no regressions, 0-hypothesis etc. Typical Indian College Course. Long exercises that check the endurance and not the understanding. You will be asked to do same thing again and again for different variables. I am going anonymous because I am ex student (I don't like calling myself an alumnus) of IIM B. Lots of unwanted distraction (overdone Lysa) even though some puns were very good. I wonder that effort would have been put to design better exercises. Some exercises didn't require watching the videos. PS: Check International Business Course by IIM B. That is something new(er).
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Hernan Avalos profile image
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Hernan Avalos

8/10 starsCompleted
3 years, 7 months ago
very useful course specially to use the excel in a practical way with statistics, thanks professor and your assistant, in short words it is practical and useful course for people like me that dont need to be too involved in math details and theorems.
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10/10 starsCompleted
3 years, 8 months ago
Best Excel class I've ever taken, or better, one of the best MOOCs I've taken overall. Although it is pretty difficult, it has tons of well elabored exercises between every little segment, so you're always up with the content. The main problem: sometimes I felt like "Ok, I nail it, but what do I do with what I just learned?"
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10/10 starsCompleted
3 years, 9 months ago
I want to thank Prof. Shankar Venkatagiri & the entire IIMBx team for an outstanding course! Thanks for the excellent course content, brilliant delivery through very informative, entertaining & absorbing videos. The whole course was very well structured and demanding at the same time.Thanks once again IIMBx & edX!
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Miraj Vashi profile image
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Miraj Vashi

8/10 starsCompleted
3 years, 9 months ago
Well structured course contents & a cheerful instructor. Was fun learning the basics of stats. Complex topics like Bayes rule etc. can be delved into deeper. Overall great experience.
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10/10 starsCompleted
3 years, 9 months ago
I want to thank Prof. Shankar Venkatagiri & the entire IIMBx team for an outstanding course! Thanks for the excellent course content, brilliant delivery through very informative, entertaining & absorbing videos. The whole course was very well structured and demanding at the same time.Thanks once again IIMBx & edX!
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Manish Singh profile image
Manish Singh profile image
8/10 starsCompleted
  • 2 reviews
  • 2 completed
3 years, 10 months ago
The Course is focused on learning to make sense of data through quantitative analysis. It teaches valuable skills on how to use excel effectively for to analyse data ( mostly descriptive statistics). The course covers data cleaning,Pivot tables to summarize data, visual data representation using charts like bar charts, pie charts, histograms,box plots, scatter plots, bubble charts etc. all using excel. Case studies in between modules reinforce the concepts learned. Lecture videos are easy to follow and are very well organized. It was a lot of fun going through the course and I'd recommend it to everyone looking to learn how to work with data in practical situations with maximum productivity and understand how statistics can be put to work in real life situations
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10/10 starsCompleted
3 years, 10 months ago
This is the first course that I have completed through edx. It was a very well-designed course. I believe that i helped me uncover many aspects of data analysis which were unknown to me. It also gave me confidence to deal with data and knowledge of what to look for in it. Thanks a lot to the team to bring this great course to us. I am looking forward for the next part which I am sure would be equally interesting and i would undoubtedly go for it.
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Jitendra Gautam profile image
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Jitendra Gautam

10/10 starsCompleted
3 years, 11 months ago
This is the first course which I have completed on EDX, though I have enrolled for couple of courses however couldn't completed those as I found them confusing at some point of time. This has course has given me the confidence that this way of learning is also possible. Thank You Shankar Sir and your team, for your all the great efforts for designing such a wonderful and useful course.
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10/10 starsCompleted
3 years, 11 months ago
This course is very opt and really required for my nature of work.In the past,I was looking for such a comprehensive course to enrich my knowledge.This has come as god given gift to me.I learnt a lot on excel and statistics. Respected Shankar Venkatagiri had made very good video presentations and made the things very easy for us to understand the concepts and study methods.Personally I have been benefited a lot from this course.I sincerely thank professor Shankar and all the concerned.
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Greg Hamel profile image
Greg Hamel profile image
8/10 starsCompleted
  • 116 reviews
  • 107 completed
3 years, 11 months ago
Statistics for Business I is a spreadsheet-focused statistics course offered by the Indian Institute of Management, Bangalore through the edX platform. The course spans 5 weeks including 4 weekly lessons and one week for a final exam. Course topics include descriptive statistics, variable summaries, the shape of distributions and probability. The course has no prerequisites other than having access to Microsoft Excel. You may be able to get by with a free alternative like LibreOffice, but the course lectures use Excel. Grading is based on lecture comprehension questions, exercises, caselets and a final exam. Weekly content in Statistics for Business I consists of a series of relatively short lectures interspersed with comprehension questions, followed by several exercises and caselets to let students apply what they’ve learned. The lectures themselves are well-made strike a good balance between instructor face time and showing spr... Statistics for Business I is a spreadsheet-focused statistics course offered by the Indian Institute of Management, Bangalore through the edX platform. The course spans 5 weeks including 4 weekly lessons and one week for a final exam. Course topics include descriptive statistics, variable summaries, the shape of distributions and probability. The course has no prerequisites other than having access to Microsoft Excel. You may be able to get by with a free alternative like LibreOffice, but the course lectures use Excel. Grading is based on lecture comprehension questions, exercises, caselets and a final exam. Weekly content in Statistics for Business I consists of a series of relatively short lectures interspersed with comprehension questions, followed by several exercises and caselets to let students apply what they’ve learned. The lectures themselves are well-made strike a good balance between instructor face time and showing spreadsheet operations. The lead instructor, Shankar, is easy to understand and has some lighthearted yet instructive interactions with is brainy assistant Lysa (she’s a plastic brain that sits on his desk.). Each week has a ton of comprehension questions and exercises to let students get practice with the spreadsheet operations and concepts presented in lecture. Hands-on practice is essential for skill building, so having plenty of exercises is a good thing. Statistics for Business I starts out slow, but the pace picks up toward the final lessons. Some students might feel that the last couple of lessons cover too many concepts in one week. Although having plenty of exercises is generally a good thing, the large number of easy, repetitive exercises grew tiresome. The course might benefit from making some of the exercises optional so that students who need more practice can get it, while those who don’t can skip ahead. Statistics for Business I is a good course for learning how to deal with numbers in Excel, but the large of number of graded exercises can make things tedious at times. This course is best suited for beginners in statistics with basic knowledge of spreadsheets and those who know some statistics and want more experience using Excel. Statistics for Business II is set to launch in October 2015. I give Statistics for Business I 4 out of 5 stars: Very good.
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Cosmas Koech profile image
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Cosmas Koech

9/10 starsCompleted
3 years, 11 months ago
I really enjoyed the contents of the course and these were well covered by Shankar. I look forward to other courses in the series and I look forward to being a quant.
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Vijayakumar Menon N profile image
Vijayakumar Menon N profile image
10/10 starsCompleted
  • 3 reviews
  • 2 completed
3 years, 11 months ago
This course QM101.1x covers a lot of ground in Descriptive Statistics and probability theory, and its practical application using Excel spreadsheet, to analyze fairly large data sets generated in business organizations. It is highly recommended for business executives and students doing business management courses. The learner will gain sufficient expertise in data analysis by attempting the large number of exercises, case-lets and a final exam. The knowledge gained will be highly useful to practicing managers for analyzing their business data and drawing valuable insights from them for prudent decision making. It will also enable them to create highly impressive business reports with various kinds of charts and tables. Prof Shankar Venkatagiri, with his excellent teaching skills, makes the subject very interesting. The videos are of high quality and the features of the edX platform makes it a pleasure to learn this course. Thanks... This course QM101.1x covers a lot of ground in Descriptive Statistics and probability theory, and its practical application using Excel spreadsheet, to analyze fairly large data sets generated in business organizations. It is highly recommended for business executives and students doing business management courses. The learner will gain sufficient expertise in data analysis by attempting the large number of exercises, case-lets and a final exam. The knowledge gained will be highly useful to practicing managers for analyzing their business data and drawing valuable insights from them for prudent decision making. It will also enable them to create highly impressive business reports with various kinds of charts and tables. Prof Shankar Venkatagiri, with his excellent teaching skills, makes the subject very interesting. The videos are of high quality and the features of the edX platform makes it a pleasure to learn this course. Thanks to the instructor, edX and IIMB for this great course which is to be soon followed by three more courses in the same series.
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10/10 starsTaking Now
3 years, 11 months ago
This one is a really good course for beginners who have no idea about spreadsheets or statistics. This course sets the tone for advanced data analytics by familiarising us to real life datasheets and problems.
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THONTADARYA LNU profile image
THONTADARYA LNU profile image

THONTADARYA LNU

10/10 starsTaking Now
3 years, 11 months ago
I am 56 years old and am tempted to complete the course.The course is well handled by Prof.Shankar Venkatagiri.He is explaining the topic so lucidly that any one with little knowledge of statistics and EXCEL can easily understand.This is one of the best courses and is required for all professionals who are at the managerial level in any organisation.
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sai sachin profile image
sai sachin profile image

sai sachin

8/10 starsTaking Now
4 years ago
Good Course
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Akshay  Agarwal profile image
Akshay  Agarwal profile image

Akshay Agarwal

7/10 starsTaking Now
4 years ago
The pace at which the Instructor goes, make's it really easy for us to grasp and follow him. Good material provided to.
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