DS 803 (03) - Fundamentals of Statistical Analysis

The course is designed to introduce the fundamentals of statistics needed for solving business analytics problems. The course will mainly cover the broadly defined subjects of random sampling, likelihoods, estimation using maximum likelihood, Bayesian inference using priors, computational statistics methods, interval estimation, hypothesis testing for continuous data, Gaussian linear models, and model diagnostics. The course will conclude with a brief introduction to nonparametric analysis.