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    Advanced Business Analytics

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    vini2710
    This course covers advanced topics in business analytics including simulation and risk analysis, data mining, linear and integer optimization, non-linear optimization, and decision analysis. The course aims to help students understand how to apply analytical techniques to business scenarios and decision-making. Topics will be taught over 30 sessions covering concepts and their application using tools like Excel, R, Python, and Hadoop.

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    Advanced Business Analytics

    Uploaded by

    vini2710
    42 views3 pages
    This course covers advanced topics in business analytics including simulation and risk analysis, data mining, linear and integer optimization, non-linear optimization, and decision analysis. The course aims to help students understand how to apply analytical techniques to business scenarios and decision-making. Topics will be taught over 30 sessions covering concepts and their application using tools like Excel, R, Python, and Hadoop.

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    Advanced_Business_Analytics

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    This course covers advanced topics in business analytics including simulation and risk analysis, data mining, linear and integer optimization, non-linear optimization, and decision analysis. The course aims to help students understand how to apply analytical techniques to business scenarios and decision-making. Topics will be taught over 30 sessions covering concepts and their application using tools like Excel, R, Python, and Hadoop.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    42 views3 pages

    Advanced Business Analytics

    Uploaded by

    vini2710
    This course covers advanced topics in business analytics including simulation and risk analysis, data mining, linear and integer optimization, non-linear optimization, and decision analysis. The course aims to help students understand how to apply analytical techniques to business scenarios and decision-making. Topics will be taught over 30 sessions covering concepts and their application using tools like Excel, R, Python, and Hadoop.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Trimester III

    Subject Title: Advanced Business Analytics Subject Code: RBA-09

    After completing this course, students will be able to:

    S. No. Course Outcomes


    1 Understand the importance of data modelling in business decision making

    2 Familiarize themselves with application of Business Analytics in Simulating and


    Forecasting Business Scenarios
    3 Data Mining and Different types of Optimization

    4 Decision Analysis

    Pre-Requisites
    1. Familiarity of basic tools like MS EXCEL, SPSS
    2. A course in Fundamentals of Business Analytics

    Attitude:
    1. Urge to learn new techniques which can help in corporate life

    Topics to be covered:

    Unit Session
    Contents Chapter Outcome
    No (in Hours)
    1 Simulation and Risk Analysis  Students will learn how 6
     Analyzing risk in business to understand random
    decisions uncontrolled behavior
     Monte Carlo simulations among customers and
     Significance of ‘flaw of its effect on business
    averages’  Students will also
     Correlate uncertain variables in understand the risk
    a simulation model using Risk factors in business and
    Solver Platform how to mitigate the
    same

    2 Introduction to Data Mining  Understand the Solver in 6


     Define data mining and some Excel and its
    common approaches using data applications
    mining  Introduction to the
     Use of cluster analysis to concepts of Hadoop for
    explore and reduce data Data Mining
     Use XLMiner or Solver in  Introduction to R and
    Excel to determine k-nearest Python for Data
    neighbors, discriminant Analysis
    analysis, logistic regression and
    market basket analysis
    3 Linear Optimization/Programming  Students will 4
    and its Applications understand Linear
     Develop a mathematical model Optimization/Programm
    for an optimization problem ing and the use of
     Using Solver to solve linear Solver in Excel to
    optimization models in Excel analyze Linear
     What-if analysis of optimization Optimization/Programm
    models ing
     Interpret Sensitivity Report

    4 Integer Optimization  Students will learn 4


     Recognize when to use integer different integer
    variables in optimization optimization analysis
    models and models
     Develop integer optimization
    models for practical
    applications

    5 Non-Linear and Non-smooth  Students will learn the 4


    Optimization use of nonlinear
     Recognize when to use optimization models
    nonlinear optimization models and non-smooth
     Identify non-smooth optimization models
    optimization models and their applications
     Formulate and solve sequencing
    and scheduling models using
    Solver

    6 Decision Analysis  Students will 6


     Characterize decisions with familiarize themselves
    uncertain outcomes with Decision Analysis
     Construct a payoff table
     Risk profile analysis
     Concept of Decision trees

    Total 30

    Textbooks

     Business Analytics, James R Evans, Pearson (2e)

    Reference Books
     Business Analytics for Managers, Laursen & Thorlund, John Wiley & Sons
     Data Analytics: The Ultimate Beginner's Guide to Data Analytics by Edward Mize
     Big Data Analytics by Shankarmani & Vijayalakshmi, WIley
     Business Analytics: The Science of Data Driven Decision Making

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