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Data and Decisions BABI 8800

Business Analytics & Business Intelligence Part-time Studies Course

Course details

This course emphasizes analytical techniques and concepts that results in broadly applicable solutions to business problems. The course introduces decision making under uncertainty from a computational perspective and provides an overview of the necessary tools for building autonomous and decision-support systems. Following an introduction to probabilistic models and decision theory, we will cover computational methods for solving decision problems with model uncertainty and imperfect state information. Students will develop data-driven predictive models when faced with uncertainty in business. Presents an advanced course in the application of statistical methods to business problems. Statistics provide techniques for interpreting data, permitting managers to use information to answer larger questions. We will be focusing on topics such as Regression, Time Series Analysis, and Forecasting. Extensive lab work using computer software will lead to theoretical solutions. Students will interpret and apply these solutions as a guide to practical management action.

Prerequisite(s)

  • Acceptance into the Bachelor of Business Administration program.

Credits

4.0

Cost

$858.08

Course offerings

Fall 2022

Below are two offerings of BABI 8800 for the Fall 2022 term.

CRN 49347

Duration

Mon Sep 05 - Mon Dec 12 (15 weeks)

  • 15 weeks
  • CRN 49347
  • $858.08
Class meeting times
Dates Days Times Locations
Sep 05 - Dec 12 Mon 18:00 - 21:30 Burnaby SE12 Rm. 310
Instructor

Leslie Major

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$858.08

Important information
  1. Departmental approval needed
  2. Enrollment is restricted to students accepted into the Bachelor of Business Administration Degree Program. Registration approval is automatically given upon full acceptance into the part-time program. This is an in-person class with weekly lectures/labs at the Burnaby campus. Class on September 5 and October 10 will be delivered asynchronously online due to holidays.
Status

CRN 48472

Duration

Tue Sep 06 - Sat Dec 17 (15 weeks)

  • 15 weeks
  • CRN 48472
  • $858.08
Class meeting times
Dates Days Times Locations
Sep 06 - Dec 10 N/A N/A Online
Dec 17 Sat 09:00 - 12:00 Burnaby SE12 Rm. 321
Instructor

Leslie Major

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$858.08

Important information
  1. Departmental approval needed
  2. Enrollment is restricted to students accepted into the Bachelor of Business Administration Degree Program. Registration approval is automatically given upon full acceptance into the part-time program. This course will be delivered online asynchronously with no set lectures/labs during the week. The final exam will be held at the Burnaby campus on Saturday, December 17th at 9:00am.
Status

Full

This course offering is full. Please check this page for other currently available offerings, subscribe to receive email updates or contact us with your comments or questions.

Learning Outcomes

Upon successful completion of this course, the student will be able to:

  • Develop and apply data driven frameworks to modern business problems.
  • Use time series forecasting methods to assist in making business decisions.
  • Use linear regression to forecast or model business situations.
  • Evaluate the validity of predictive models in business situations.
  • Select the most appropriate method for forecasting or modelling in a given situation.
  • Analyze, interpret, and apply the meaning of the coefficients and statistics generated by different mathematical models.
  • Analyze business mathematical models using software.
  • Use decision trees, EMV, and risk analysis approaches to inform the decision making process.
  • Convert theoretical solutions into practical management terms.

Effective as of Winter 2022

Related Programs

Data and Decisions (BABI 8800) is offered as a part of the following programs:

School of Business + Media

  1. Bachelor of Business Administration
    Bachelor of Business Administration Full-time/Part-time

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  • Privacy Notice: The information you provide will be used to respond your request for BCIT course information and is collected under Section 26(c) of the Freedom of Information and Protection of Privacy Act (FIPPA). For more information about BCIT’s privacy practices contact: Associate Director, Privacy, Information Access & Policy Management, British Columbia Institute of Technology, 3700 Willingdon Ave. Burnaby, BC V5A 3H2, email: privacy@bcit.ca.