Demand and Supply Analytics (edX)

Demand and Supply Analytics (edX)
Course Auditing
Categories
Effort
Certification
Languages
Undergraduate probability, statistics, linear algebra and calculus. ​Students should have familiarity with basic programming concepts in some procedural programming language.
Misc

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Demand and Supply Analytics (edX)
Learn how to use data to develop insights and predictive capabilities to make better business decisions. How do airlines decide when to increase ticket prices? Should a hotel charge less per night for a long stay than a short one? Why do some software companies bundle very different products together? How should a fashion retailer decide when do start discounting clothes? Why do so many discounted rates end in ".99"? How should a company balance the risk of holding too much inventory on hand and the risk of turning away customers?

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Does it ever make sense for retailers to lie to suppliers about how much they will need to order? Should retailers with multiple locations hold most of their inventory in a central warehouse or at the individual locations?

These are only a small sample of the operational and pricing challenges all businesses regularly face. These challenges are often addressed individually and in isolation but, in reality, all of these decisions interact with each other. This class looks at the demand and supply management challenges faced by companies in various industries and provides an introduction to the tools that can be used to address these challenges.

This course is part of the Business Analytics MicroMasters Program.


What you'll learn

- To identify, evaluate, and capture business analytic opportunities that create business value

- Build models to support and help make managerial and business decisions

- Basic analytical methods and their applications

- Analyze case studies on organizations that successfully deployed analytical techniques


Course Syllabus


Week 1: Introduction

Week 2: Predicting outcomes I

Week 3: Predicting outcomes II

Week 4: Quality of predictions



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MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Course Auditing
206.00 EUR
Undergraduate probability, statistics, linear algebra and calculus. ​Students should have familiarity with basic programming concepts in some procedural programming language.

MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.