Statistics
BackThe aim of this course is to prepare you to use statistical tools in order to make better managerial decisions. At a rapidly changing pace, managers can rely on larger, more detailed, more reliable, more frequently updated data sets, on all facets of business. Tools for statistical analysis, including graphics, are becoming ever more powerful, and more user-friendly. They can be run from multiple locations, with short delays. So, before making a decision, and before explaining it to your boss or co-workers, you will want to have a look at the relevant data, or to ask for statistical analyses and interpret the results. The goal of this course is to prepare you to do that: to communicate with specialists rather than to run analyses yourself.
Statistical techniques are applied in a variety of management activities: marketing, human resources management, finance, accounting and audit, production. A great number of practical examples and cases will illustrate this variety.
Learning Outcomes
At the end of the course, you should be able to:
- Analyze data using a variety of statistical methods using SPSS,
- Identify the appropriate statistical analysis for a given managerial question,
- Translate statistical results into substantive managerial recommendations,
- Manage your relationship with statisticians: express your needs, interact during data collection and analysis, identify the potential limitations of the study.
|
Kim Van Campfort
|
|
"I have always liked to analyse data but have never been fond of math and its ‘funky’ letter abbreviations. The Statistics class was a real eye-opener and taught me how to use math to analyse data and this helps me to perform better in my daily tasks." Kim Van Campfort, Full-time MBA 2010 |
| "Since high school, I kept a sour souvenir from the statistics class. I wouldn't want to touch it ever again. When I found out that the first class of the MBA was "statistics for managers", I really thought I would be lost. Our professor Xavier Boute brought the light and the love back in. He didn't get us lost in long and overwhelming formulas. However his teaching used real life management examples that demonstrated the need for statistical methods to make the best decision possible in the given situation. For example: estimate the risk associated with an investment, establish a price positioning, define a cluster of customers for a related product, segment an offer based on market factors... At the end of the day, it is up to us manager to live by the decision we take and statistics are there to back us up. Today in my job, without statistics I wouldn't have the same accuracy to set-up the product line plan and to manage the inventory." Sebastien Marcq, Part-time MBA 2011 |
|
Sebastien Marcq
|
Which MBA is for you?
Inform us of your experience and background as well as your personal and professional objectives by completing the candidate profile online! This no-obligation form is also quick and easy to complete. A Development Manager will provide a preliminary evaluation of your profile giving you an assessment of your potential as an HEC MBA candidate.
Find out more!