FORECASTING WITH STATISTICS AND SIMULATION
DURATION
2 days
NEXT RUN
TBA
FEES
SGD 248.00 after MAX Funding
SGD 2,160.00 with GST
VENUE
NUS Business School
NUMBER
Lim Si Qi
+65 6601 8902
OVERVIEW

Improve your forecasting with statistics and simulation models

This intermediate business analytics course aims to provide you with:

  • An introduction to regression analysis
  • Simulation models for decision-making under uncertainty

By the end of the course, you will be equipped with useful forecasting and simulation skills that you can apply to finance, operations, sports etc.

Topic Coverage

Predictive analytics

  • Basic concepts and calculations of statistics: central limit theorem, distribution functions, confidence intervals and hypothesis testing
  • Regression analysis for explanatory modeling (Python package statsmodels)
  • Regression analysis for predictive modeling (Python package scikitlearn)

Simulation models for decision-making under uncertainty

  • Introduction to probability
  • Random variables and building simulation models
  • Statistical measures as the outputs of a simulation model

Faculty

peng xiong
Senior Lecturer
Analytics & Operations
View Profile

Individuals who have the basic Python skills and are keen on data analytics skills and their applications.

Who Should Attend
DATES AND FEES
Date Venue after MAX Funding with GST Registration
TBA
NUS Business School SGD 248.00 SGD 2,160.00
Application Procedure & Deadline
Participants are strongly advised to apply at least 2 weeks in advance.

Prerequisites

Quantitatively inclined individuals and have basic Python skills (data types, control flow, and packages like Pandas, NumPy and Matplotlib). Participants are expected to bring their own laptops (Win or Mac) with Anaconda (free individual version) installed.