BUSINESS ANALYTICS
CREDITS: 3
OBJECTIVE:
Learn to
use business analytics for decision making
to apply the appropriate analytics and generate solutions
Model and analyse the business situation using analytics.
UNIT I - INTRODUCTION TO BUSINESS ANALYTICS (BA) 9
Business Analytics - Terminologies, Process, Importance, Relationship with
Organisational Decision Making, Analytics in Decision Making, BA for Competitive
Advantage.
UNIT II - MANAGEING RESOURCES FOR BUSINESS ANALYTICS 9
Managing BA Personnel, Data and Technology. Organisational Structures aligning BA.
Managing Information policy, data quality and change in BA.
UNIT III - DESCRIPTIVE ANALYTICS 9
Introduction to Descriptive analytics – Visualising, and Exploring Data - Descriptive
Statistics - Sampling and Estimation - Probability Distribution for Descriptive Analytics -
Analysis of Descriptive analytics.
UNIT IV - PREDICTIVE ANALYTICS 9
Introduction to Predictive analytics - Logic and Data Driven Models - Predictive Analysis
Modeling and procedure - Data Mining for Predictive analytics. Analysis of Predictive
analytics.
UNIT V - PRESCRITIVE ANALYTICS 9
Introduction to Prescriptive analytics - Prescriptive Modeling - Non Linear Optimisation -
Demonstrating Business Performance Improvement.
TOTAL: 45 PERIODS
OUTCOME:
Ability to
understand the role of Business Analytics in decision making
identify the appropriate tool for the analytics scenario
to apply the tools and generate solutions
analyse & interpret the results
REFERENCES
1. Marc J. Schniederjans, Dara G. Schniederjans and Christopher M. Starkey, "
Business Analytics Principles, Concepts, and Applications - What, Why, and How" ,
Pearson Ed, 2014
2. Christian Albright S and Wayne L. Winston, "Business Analytics - Data Analysis and
Decision Making", Fifth edition, Cengage Learning, 2015.
3. James R. Evans, "Business Analytics - Methods, Models and Decisions", Pearson
Ed, 2012.