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Data Analysis and Decision Making - I

By Prof. Raghu Nandan Sengupta   |   IIT Kanpur
Learners enrolled: 821
This is the first part of the three part course (DADM-I, DADM-II, DADM-III) which covers Operations Research and its tools with applications. In general Decision Analysis and Decision Making (DADM) covers three main areas which are: Multivariate Statistical Analysis with its applications, Other Decision Making Models like DEA, AHP, ANP, TOPSIS, etc., and Operations Research and its tools with applications. These three part DADM course will be more practical and application oriented rather than theoretical in nature.

INTENDED AUDIENCE : Masters in Business Administration, Masters in Economics, Masters in Statistics/Mathematics, Masters in Industrial Engineering, Masters in Operations Research/Operations Management, PhD in related fields as mentioned above

PREREQUISITES : Probability & Statistics, Operations Research

INDUSTRY SUPPORT : Manufacturing industry, chemical industry, steel industry, cement industry, etc.
Summary
Course Status : Upcoming
Course Type : Elective
Duration : 12 weeks
Start Date : 24 Jan 2022
End Date : 15 Apr 2022
Exam Date : 23 Apr 2022 IST
Category :
  • Management Studies
  • Operations
Credit Points : 3
Level : Postgraduate



Course layout

Week 1  :  Introduction to Multivariate Analysis
Week 2  :  Joint and marginal Distribution
Week 3  :  Multinomial, Multivariate Normal, Multivariate t, Wishart and other Distributions
Week 4  :  Multivariate Extreme Valued Distributions
Week 5  :  Copula Method
Week 6  :  Multiple Linear Regression, Multiple Non-Linear Regression, etc.
Week 7  :  Factor Analysis
Week 8  :  MANOVA, MANCOVA, etc.
Week 9  :  Conjoint Analysis
Week 10 :  Cluster Analysis
Week 11 :  Multiple Discriminant Analysis
Week 12 :  Multidimensional Scaling, Structural Equation Modeling

Books and references

1) Agresti, A. (2007). An Introduction to Categorical Data Analysis, Wiley, ISBN: 9780471226185.
2) Anderson, T. W. (2003). An Introduction to Multivariate Statistical Analysis, John Wiley & Sons, ISBN: 9780471360919.
3) Bentler, P. M., & Chou, C. P. (1987). Practical issues in structural modeling, Sociological Methods & Research, 16, 78-117.
4) Bollen, Kenneth A. (1989). Structural Equations with Latent Variables, Wiley, ISBN: 978-0-471-01171-2.
5) Chatfield, C. and Collins, A. J. (1980). Introduction to Multivariate Analysis, Chapman & Hall, ISBN: 978-0-412-16030-1.
6) Duran, B. S. and Odell, P. L. (1974). Cluster Analysis: A Survey, Springer-Verlag, New York, ISBN 978-3-642-46309-9.
7) Gnanadesikan, R. (2011). Methods for Statistical Data Analysis of Multivariate Observations, John Wiley & Sons, ISBN: 0471161195.
8) Härdle, W. K. and Simar, L. (2007). Applied Multivariate Statistical Analysis, Springer-Verlag, ISBN: 9783540722434.
9) Johnson, R. A. and Wichern, D. W. (2002). Applied Multivariate Statistical Analysis, Pearson Education, ISBN: 8178086867.
10) Kotz, S. and Nadarajah, S. (2004). Multivariate Distributions and Their Applications, Cambridge University Press, ISBN: 0521826543.
11) Seber, G. A. F. (2004). Multivariate Observations, John Wiley & Sons, ISBN: 9780471691211

Instructor bio

Prof. Raghu Nandan Sengupta

IIT Kanpur
Prof. Raghu Nandan Sengupta completed his bachelors in engineering in Mechanical Engineering from Birla Institute of Technology Mesra, Ranchi INDIA and his FPM (PhD) from Indian Institute of Management Calcutta, INDIA with specialization in Operations Management. His research interests are in Sequential Analysis, Statistical & Mathematical Reliability, Optimization and its use in Financial Optimization. His research work has been published in journals like Metrika, European Journal of Operational Research, Sequential Analysis, Computational Statistics & Data Analysis, Communications in Statistics: Simulation & Computation, Quantitative Finance, etc. At Indian Institute of Technology Kanpur, INDIA he is a Professor in the Industrial & Management Engineering department and teaches courses like Probability & Statistics, Stochastic Processes & their Applications, Management Decision Analysis, Financial Risk Management, etc. He is also the recipient of IUSSTF Fellowship 2008 and visited Operations Research & Financial Engineering department at Princeton University, USA, ERASMUS MUNDUS Fellowship 2011 to Warsaw University, POLAND, EU-NAMASTE Fellowship 2015 to IST, University of Lisboa, PORTUGAL, DAAD Fellowship 2015 to TU Dresden, GERMANY.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 23 April 2022 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Kanpur .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team


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