Business Analytics for Managers conveys ideas and concepts from both statistics and data mining with the goal of extracting knowledge from real business data and actionable insight for managers. Throughout, emphasis placed on conveying data-driven thinking. While the ideas discussed in this book can be implemented using many different software solutions from many different vendors, it also provides a quick-start to one of the most powerful software solutions available.
The main goals of this book are as follows:
· To excite managers and decision makers about the potential that resides in data and the value that data analytics can add to business processes.
· To provide managers with a basic understanding of the main concepts of data analytics and a common language to convey data-driven decision problems so they can better communicate with personnel specializing in data mining or statistics.
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"The book is organized so that it may be viewed as a collection of eight lectures. I think this is a good way to approach the book. ... the book does a nice job of delivering on its main objectives and I recommend it to anyone who desires to know more about the practice and the potential of business analytics." (Mark A. McComb, Technometrics, Vol. 54 (4), November, 2012)