Objectives
- How statistics is being applied to solve a variety of business problems- How to compute and interpret data summaries- numerically as well as visually- How visual data exploration is used to find answers to business problems- How to present data visually for better understanding of relationships between variables- How to statistically analyze whether there is a relationship between two variables and determine the size of the relationship- How to predict one variable in terms of another to make improvement in business performance- How to perform classification and prediction using decision tree modeling approach- How to cluster data into homogenous subsets to enable focused group-based customer management