When aiming to construct a model, the goal is to strike a balance between accuracy, ease of
use, and audience comprehension. Interestingly, numerous phenomena in both the natural
and business worlds can be captured using the renowned bell curve. Harnessing the power
of the bell curve will set you up for success in your business forecasting efforts.
In this course, you'll employ the normal distribution as a new tool to generate more effective forecasts. You will identify cause-and-effect relationships that are relevant to your business decisions.You will also discover how to recognize when the accuracy of this tool falls short of expectations and employ corrective adjustments accordingly. By the end of this course, you will have the necessary skills to apply normal distributions when forecasting for your business.
You are required to have completed the following courses or have equivalent experience before taking this course:
- Data Analysis and Probability
- Decision Analysis