British Columbia Institute of Technologywww.bcit.ca/study/courses/babi8800

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 Winter 2022 term as informed by BC Provincial 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

$840.03

Winter 2022

Below are two offerings of this course for the Winter 2022 term.

CRN 89538

Tue Jan 04 - Thu Apr 14 15 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 04 - Apr 14 Online
Apr 14 Thu 18:00 - 21:00 BBY SE06 Rm. 107

Instructor

Leslie Major

Course Outline

Cost

$840.03

Notes

  1. Departmental approval needed
  2. This course is restricted to students enrolled in the part-time BBA. Registration approval is automatically granted upon acceptance into the program. This is an online asynchronous course, and Zoom office hours will be held Monday evenings. The final exam will be held at the Burnaby campus on Thursday, April 14.

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.

In Progress and Full

CRN 89764

Tue Jan 04 - Mon Apr 11 15 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 04 - Apr 10 Online
Apr 11 18:00 - 21:00 BBY

Instructor

Leslie Major

Course Outline

Cost

$840.03

Notes

  1. Departmental approval needed
  2. This course is restricted to students enrolled in the part-time BBA. Registration approval is automatically granted upon acceptance into the program. This is an online asynchronous course, and Zoom office hours will be held Monday evenings. The final exam will be held at the Burnaby campus on Monday, April 11.

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.

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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