Essential Statistics for Data Analysis
What you'll learn
- Learn powerful statistics tools and techniques for data analysis & business intelligence
- Understand how to apply foundational statistics concepts like the central limit theorem and empirical rule
- Explore data with descriptive statistics, including probability distributions and measures of variability & central tendency
- Model data and make estimates using probability distributions and confidence intervals
- Make data-driven decisions and draw conclusions with hypothesis testing
- Use linear regression models to explore variable relationships and make predictions
- No math or stats background is required – we'll start with the absolute basics!
- We'll use Microsoft Excel (Office 365) for course projects and demos
This is a hands-on, project-based course designed to help you learn and apply essential statistics concepts for data analysis & business intelligence. Our goal is to simplify and demystify the world of statistics using familiar tools like Microsoft Excel, and empower everyday people to understand and apply these tools and techniques – even if you have absolutely no background in math or stats!
We'll start by discussing the role of statistics in business intelligence, the difference between sample and population data, and the importance of using statistical techniques to make smart predictions and data-driven decisions.
Next we'll explore our data using descriptive statistics and probability distributions, introduce the normal distribution and empirical rule, and learn how to apply the central limit theorem to make inferences about populations of any type.
From there we'll practice making estimates with confidence intervals, and using hypothesis tests to evaluate assumptions about unknown population parameters. We'll introduce the basic hypothesis testing framework, then dive into concepts like null and alternative hypotheses, t-scores, p-values, type I vs. type II errors, and more.
Last but not least, we'll introduce the fundamentals of regression analysis, explore the difference between correlation and causation, and practice using basic linear regression models to make predictions using Excel's Analysis Toolpak.
Throughout the course, you'll play the role of a Recruitment Analyst for Maven Business School. Your goal is to use the statistical techniques you've learned to explore student data, predict the performance of future classes, and propose changes to help improve graduate outcomes.
You'll also practice applying your skills to 5 real-world BONUS PROJECTS, and use statistics to explore data from restaurants, medical centers, pharmaceutical companys, safety teams, airlines, and more.
Discuss the role of statistics in the context of business intelligence and decision-making, and introduce the statistics workflow
Understanding Data with Descriptive Statistics
Understand data using descriptive statistics, including frequency distributions and measures of central tendency & variability
PROJECT #1: Maven Pizza Parlor
Modeling Data with Probability Distributions
Model data with probability distributions, and use the normal distribution to calculate probabilities and make value estimates
PROJECT #2: Maven Medical Center
The Central Limit Theorem
Introduce the Central Limit Theorem, which leverages the normal distribution to make inferences on populations with any distribution
Making Estimates with Confidence Intervals
Make estimates with confidence intervals, which use sample statistics to define a range where an unknown population parameter likely lies
PROJECT #3: Maven Pharma
Drawing Conclusions with Hypothesis Tests
Draw conclusions with hypothesis tests, which let you evaluate assumptions about population parameters using sample statistics
PROJECT #4: Maven Safety Council
Making Predictions with Regression Analysis
Make predictions with regression analysis, and estimate the values of a dependent variable via its relationship with independent variables
PROJECT #5: Maven Airlines
Join today and get immediate, lifetime access to the following:
7.5 hours of high-quality video
Statistics for Data Analysis PDF ebook (150+ pages)
Downloadable Excel project files & solutions
Expert support and Q&A forum
30-day Udemy satisfaction guarantee
If you're an analyst, data scientist, business intelligence professional, or anyone looking to use statistics to make smart, data-driven decisions, this course is for you!
-Enrique Ruiz (Lead Statistics & Excel Instructor, Maven Analytics)
Who this course is for:
- Aspiring data professionals who want an intuitive, beginner-friendly introduction to the world of statistics
- Business intelligence professionals who want to make confident, data-driven decisions
- Anyone using data to make assumptions, estimates or predictions on the job
- Students looking to learn powerful, practical skills with unique, hands-on projects and demos
Maven Analytics is the first purpose-built, online platform for data analysts to learn new skills, showcase their work, and connect with peers and employers.
Named one of the top 10 education companies revolutionizing the industry, Maven's award-winning Guided Learning model allows users to create personalized learning plans, build public portfolios, connect with expert instructors and career coaches, and join a community of world-class analytics talent.
We've helped 1,000,000+ students build job-ready skills, master tools like Excel, SQL, Power BI, Tableau and Python, and build the foundation for a successful career.
Enrique is a certified Microsoft Excel Expert and top-rated instructor with a background in business intelligence, data analysis, and visualization.
He has been producing advanced Excel and test prep courses at Maven Analytics since 2016, along with adaptations tailored to Spanish-speaking learners.
A leader in analytics education, Maven Analytics empowers everyday people to change the world with data.