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Important Notice: COVID-19 Institute response

BCIT

BABI 8800 - Data and Decisions

Business Analytics & Business Intelligence Part-time Studies Course

School of Business + Media

BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.

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 Degree program.

Credits

4.0

Cost

$803.20

Fall 2021

Below is one offering of this course for the Fall 2021 term.

CRN 48472

Tue Sep 07 - Sat Dec 18 15 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 07 - Dec 11 Online
Dec 18 Sat 09:00 - 12:00 Online SE12 Rm. 321
Dec 18 Sat 09:00 - 12:00 Online SE12 Rm. 322

Instructor

Leslie Major

Course Outline

Cost

$803.20

Notes

  1. Internet delivery format.
  2. Departmental approval needed
  3. 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. Office hours will be held virtually via Zoom on Monday evenings from 6-8pm. The final exam will be held at the Burnaby campus. Students will be required to bring their own laptop for the final exam.

This course offering is in progress and full. Please check back next term or subscribe to receive email updates.

In Progress and Full

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

BABI 8800 is offered as a part of the following programs:

School of Business + Media

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

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Registration is currently open for the Fall 2021 term.

The sneak preview for the Winter 2022 term starts Fri, Oct 22 at 8:30 am (PDT).

Students may register for Winter 2022 term courses online or by phone starting Wed, Oct 27 at 9:00 am (PDT).

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