BUSINESS SIMULATION (2 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: explain the concept of business analytics, simulation, and decision making; explain the probability theory and probability distribution as the basis of simulation; illustrate the use of forecasting and business model simulation for predictive and prescriptive analytical decision.

Topics:

1. Business Analytics is Making Decisions (1);
2. Business Analytics is Making Decisions (2);
3. Decision-Making and Simulation (1);
4. Decision-Making and Simulation (2);
5. Decision Trees (1);
6. Decision Trees (2);
7. Probability: Measuring Uncertainty (1);
8. Probability: Measuring Uncertainty (2);
9. Forecasting (1);
10. Forecasting (2);
11. Business Model Simulation (1);
12. Business Model Simulation (2);
13. Review and Case Study.