MG 7320 - Statistical Modeling for Managers

This course trains students to apply statistical tools towards building robust predicative models. This is a hands-on course that focuses on using JMP® software to build optimization and simulation models with a variety of applications from finance to marketing. Students will become familiar with fundamentals such as cost functions, curse of dimensionality, distance measures in multidimensional space and statistical methods such as parametric and non-parametric statistical tests, supervised and unsupervised learning for regression and classification problems including generalized linear modeling techniques, logistic regression, KNN, Naïve Bayes’, dimension-reduction techniques such as principal components analysis, clustering techniques like k-means, hierarchical and DBSCAN. Credits: 4