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Data and Decisions BABI 8800

Business Analytics & Business Intelligence 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

Winter 2023

Below are two offerings of BABI 8800 for the Winter 2023 term.

CRN 89538

Duration

Wed Jan 04 - Sat Apr 15 (15 weeks)

  • 15 weeks
  • CRN 89538
  • $858.08
Class meeting times
Dates Days Times Locations
Jan 04 - Apr 08 N/A N/A Online
Apr 15 Sat 09:00 - 12:00 Burnaby SE12 Rm. 322
Instructor

Leslie Major

Course outline

View

Credits

4

Cost

$858.08

Important information
  1. Departmental approval needed
  2. This course is restricted to students enrolled in the part-time BBA Degree Program. Registration approval is automatically granted upon acceptance. This online course follows a weekly schedule with posted due dates for assignments and exams. However, lecture content is asynchronous with no weekly face-to-face meetings with the instructor. The final exam will be held at the Burnaby campus on Saturday, April 15.
Status

In Progress and Full

This course offering is in progress and full. Please check back next term, subscribe to receive email updates or contact us with your comments or questions.

CRN 89764

Duration

Wed Jan 04 - Sat Apr 15 (15 weeks)

  • 15 weeks
  • CRN 89764
  • $858.08
Class meeting times
Dates Days Times Locations
Jan 04 - Jan 07 N/A N/A Online
Jan 09 - Apr 10 Mon 18:00 - 21:30 Burnaby SE12 Rm. 321
Apr 15 Sat 09:00 - 12:30 Burnaby SE12 Rm. 321
Instructor

Leslie Major

Course outline

View

Credits

4

Cost

$858.08

Important information
  1. Departmental approval needed
  2. This course is restricted to students enrolled in the part-time BBA Degree Program. Registration approval is automatically granted upon acceptance. This is an in-person course held Monday evenings. The first week will be completely asynchronous online, and in-person sessions will start week 2 on January 9. Class be online asynchronous February 20 and April 10 due to holidays. The final exam will be held Saturday, April 15.
Status

In Progress

This course offering is in progress. Please check back next term, 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.