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Statistics for Data Science & Business Analytics 2026
Rating: 4.5 out of 5(35 ratings)
641 students

Statistics for Data Science & Business Analytics 2026

Learn key statistical concepts and techniques to analyze data with IIM Ahmedabad Alumnus
Created byMandar Zarekar
Last updated 9/2026
English
English [Auto],

What you'll learn

  • Better understanding of key concepts and properties in statistics
  • Understand the connection of key concepts with real life scenarios
  • Learn basic probability concepts used widely in Data science, Analytics, medicinal researches and other imprtant fields
  • Learn Descriptive and Inferential Statistics and it's real life application
  • Learn everything from Probabiity to Hypothesis testing and different analysis

Course content

9 sections • 52 lectures • 9h 53m total length
  • Course Introduction4:30

Requirements

  • Anyone who is eager to learn Statistics with real life applications
  • Anyone who is looking forward to expand the horizons of understanding of statistics
  • No prior knowledge of Statistics required

Description

Master the Fundamentals of Statistics and Elevate Your Data Analysis Skills!

Are you looking to build a strong foundation in statistics for data science, analytics, and decision-making? This beginner-to-intermediate level course is designed to simplify complex statistical concepts with real-world applications, helping you gain confidence in data analysis, hypothesis testing, and regression modeling.


What You’ll Learn:

Module 1: Introduction to Statistics –

  1. Understand the role of statistics in data science

  2. types of data

  3. key distinctions between descriptive & inferential statistics.


Module 2: Descriptive Statistics –

  1. Learn about measures of central tendency (mean, median, mode)

  2. Measure of dispersion (range, variance, standard deviation)

  3. visualize data using histograms, box plots, and scatter plots.


Module 3: Probability Basics –

  1. Master probability concepts

  2. conditional probability

  3. Bayes’ theorem

Module 4: Probability  Distributions –

  1. Understanding Discrete and Continuous Probability distributions

  2. Binomial Distribution

  3. Poisson Distribution

  4. Normal Distribution

  5. Exponential Distribution

  6. Central Limit Theorem(CLT)


Module 5: Inferential Statistics –

  1. Dive into sampling techniques

  2. What is confidence intervals

  3. hypothesis testing

  4. Types of errors

  5. t-tests & z-tests

  6. Understanding chi-square test


Module 6: Regression & Correlation –

1. Understanding correlation and Causation

2. Linear Regression Analysis-hands on exercise over EXCEL

3. Linear Regression Analysis-hands on exercise over R studio

4. Interpreting the Linear Regression equation

5. Interpreting the key summary statistics of Regression

6. Key assumptions and limitations in Simple Linear Regression

Module 7: Multiple Linear Regression

1. Understanding Multi Linear Regression

2. Hands on exercise on R studio for Multi linear Regression

3. Interpreting the key Summary statistics of the output

4. Understanding the ANOVA table

5. Remodelling based on ANOVA and regression summary stats


Module 8: Logistic Regression

1. Introduction to Logistics Regression

2. Hands on exercise on R studio for Logistics Regression

3. Interpreting the Key Summary Statistics of Logistics regression model

4. Understanding AIC

5. Understanding the confusion matrix : Accuracy, Precision & Recall

6. Understanding the ROC curve and AUC

7. Fine tuning model for better results

8. Understanding the Cost Matrix and solving a real business problem


Who Is This Course For?

  • Aspiring Data Scientists, Business Analysts, and Researchers

  • MBA & Analytics Students looking to strengthen their statistical foundation

  • Students & professionals in Finance, Marketing, and Business Strategy

  • Anyone looking to interpret and analyze data effectively


Why Take This Course?

  • Beginner-friendly explanations with real-world examples

  • No prior advanced math required—concepts explained intuitively

  • Hands-on learning with statistical tools and visualization techniques

  • Essential for careers in data-driven decision-making


By the end of this course, you’ll be able to confidently apply statistical techniques to analyze data, test hypotheses, and build predictive models—a must-have skill set for any data professional!


Ready to turn data into actionable insights? Enroll now and master statistics for real-world decision-making!

Who this course is for:

  • Students planning to get into Data Science and Analytics
  • Students of Psychology who are interested in building strong foundation in statistics
  • Analytics or Data Science professionals who are interested in improving statistical understanding
  • Beginners of stastitics planning to get into further studies