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This course will introduce decision modeling as a technique for framing advanced analytic projects. Success with advanced analytics requires a clear and robust definition of the decision-making that will be improved with those analytics. Existing requirements approaches fail to capture critical elements of decision-making resulting in advanced analytic projects that fail to deliver business value or that are difficult and expensive to deploy. Decision modeling will be introduced as a technique for describing decision making problems. Industry standard approaches will be used to break down complex problems so that they can be specifically addressed with advanced analytics. These models provide a framework for building a business case, building and deploying advanced analytics, and measuring results over time.

This course will allow business professionals to develop decision models and frame their advanced analytics projects more effectively.

Learning Objectives

  • Discover how to construct decision models that show decision-making, data and knowledge.
  • Recognize how to use industry standard notation to describe decision models.
  • Identify the priorities of advanced analytics based on their role in decision-making.
  • Discover how to specify and monitor the business value of advanced analytic projects.
Last updated/reviewed: March 03, 2018

3 Reviews (11 ratings)Reviews

5
Member's Profile
Is fine if you add models in excell it make things much better
4
Anonymous Author
very good course.
3
Member's Profile
Very informative

Prerequisites

Course Complexity: Advanced

Prerequisite: Previous experience in finance

 

Advanced Preparation: None

 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Framing Business Requirements
  7:27Introducing Decision Modeling
  8:02Decision Modeling and Advanced Analytics
  19:54Building Decision Models: Analytics
  16:20Building Decision Models: Refining
CONCLUSION
  11:09Using Decision Models
SUPPORTING MATERIALS
  PDFSlides: Framing Business Requirements
  PDFFraming Business Requirements Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM