Minitab GUI and Descriptive Statistics

Understanding Predictive Modelling concepts and its applications across domains viz. Finance, Pharma and Medicine using Minitab software.

About Minitab Descriptive Statistics

Minitab

Minitab is among the leading developers in the world for statistical analysis software as well as software for Six Sigma, lean and quality improvement projects. Across the world, there are thousands of companies that make use of Minitab software and over 4000 universities and colleges make use of Minitab for the purposes of research and teaching. Some of the major clients of Minitab consist of Pfizer, Nestle, Royal Bank of Scotland, Boeing, DuPont, and Toshiba. The Minitab Inc. Has its headquarters in State College, PA and also operates offices in Australia, France, and United Kingdom and an additional number of representatives are present across the globe. The products of Minitab have the backing of outstanding services which consist of technical support as well as training. The Minitab products consist of Minitab 17, Minitab Express, Quality Companion, Quality Trainer and Qeystone.

Predictive Modelling

Predictive Modeling is a process that is used in the case of predictive analytics for the creation of a statistical model with respect to the behavior in future. The area of data mining that is concerned with the forecasting of trends as well as probabilities is predictive analytics. A number of predictors make up the predictive model. These are the variable factors that have a very likely influence on the behavior or the results in the future. For instance, in the case of marketing, the purchase history, age, and gender of the customer may predict the probability of a sale in future.

In the case of predictive modeling, the collection of the data is done for the relevant predictors, the formulation of the statistical model is done, predictions are made after that, followed by the revision or validation of the model as the availability of the data increases. The application of a simple linear equation or a neural network that is complex may be employed by the model. This is mapped out by software which is sophisticated.

Minitab and its Application to Predictive Modelling Course

The Minitab Descriptive Statistics course regarding “Minitab and its Application to Predictive Modelling” is aimed at providing and enhancing the skills of predictive modeling across a number of business domains as well as sectors. Quantitative methods along with the concepts of predictive modelling will be made use of in an extensive way for an understanding of the current behaviour of the customers, movements of the financial markets and for the purpose of studying the tests as well as the effects in the sectors of pharma and medicine after the administration of the drugs.

For the purpose of predictive analysis, the practical and also the theoretical databases are covered by the course. As the participant goes through the training that this course provides, the observations and interpretations along with the predictions and conclusions are explained then and there and relevant examples are also provided.

This Minitab Descriptive Statistics course will be helpful in working across a number of software packages like Paint, PDF writers, MS Office and Minitab. Apart from this, the distribution of the course has been done through six sub-courses. The details of the six sub-courses have been mentioned below –

Minitab and its Application to Predictive Modelling

The aim of the course is to provide Minitab Descriptive Statistics skills from the basic to the intermediate level for the implementation of the concepts of Predictive Modelling with the help of the Minitab software. Although the development of the concepts of Predictive Modelling is significant, the capability of implementing it by making proper use of the appropriate software packages is of equal significance. The Minitab Descriptive Statistics course attempts to fill in the gap that exists between an understanding of the various concepts and their practical implementation.

T-test, Standard Deviation, Means and Minitab Descriptive Statistics are all explained by this course. The concepts of descriptive statistics that are explained by this course act as the building blocks for the other related courses that follow this Minitab Descriptive Statistics course.

The objective of the Minitab Descriptive Statistics Course

The aim of this course on Predictive Modelling is providing and enhancing the skills of predictive modeling across a number of business sectors and domains.

Minitab Descriptive Statistics Course Description

The curriculum for “Minitab and its Application to Predictive Modelling” consists of the following sections and sub-sections.

Minitab and its Application to Predictive Modelling –

This section consists of the following subsections

• Introduction to the concept of Predictive Modelling
• Non-Linear Regression
• Anova as well as Control Charts

Descriptive Statistics, Means, and Standard Deviation –

This part consists of the following sub-sections –

• Understanding, Interpretation as well as Implementation with the use of Minitab
• Continuation of Interpretation as well as Implementation with the use of Minitab
• Observation
• Outcomes for the NAV prices
• Observations of the NAV prices
• Descriptive Statistics
• Observations of the complaints of the customers
• Observations of the Resting Heart Rate
• Outcomes of the Loan Applicant MTW
• More details on the outcomes for the Loan Applicant MTW
• T-Test features
• Loan Applicant
• Paired T-Test

What are the requirements/pre-requisites?

The participant needs to possess a prior knowledge of the quantitative methods, Paint as well as MS Office.

In case the participant possesses an understanding of data analysis along with the VBA tool pack in MS Excel, it will be of good use in learning this course.

Besides, the above two requirements, the participant need to have a computer with an internet connection as a pre-requisite for learning this course.

Target Audience for this training

The course on “Minitab and its application to Predictive Modelling” does not focus on any particular set of domains or sectors and therefore it can be used easily by a number of professionals across different sectors. However, the best use of this course can be made by the list of professionals which has been mentioned below.

• Pharma and research scientists
• Professionals of Equity Research and CFA’s
• Quantitative as well as Predictive Modellers and Professionals
• Students

Minitab Descriptive Statistics FAQs – General Questions

1. I am interested in pursuing the course on “Minitab and is the application to Predictive Modelling”. What is the knowledge that I should be possessing prior to starting with this course?

Although the course on “Minitab and its Application to Predictive Modelling” is a very detailed course and covers everything from A to Z, there are some areas regarding which you need to possess a certain degree of prior knowledge. These areas consist of the knowledge of MS Office, Paint as well as the quantitative methods. Apart from this if the participant has an idea of data analysis and the VBA tool pack in MS Excel, it will be an added advantage. Besides the above, there is no other prior knowledge that is required by the participant because the course will be taking care of all the other aspects.

2. What are the things that I will be learning as a part of this tutorial?

The course will be providing you with the skills that range from the basic level to the intermediate level which will be useful for implementing the Predictive Modelling concepts with the use of the Minitab software. The course will teach you how to develop the Predictive modeling concepts and implement them by using the suitable software packages properly. The gap between the understanding related to the different concepts and their practical implementation is filled by this course. This course also provides a good explanation of means, T-test, descriptive statistics and standard deviation. The Minitab Descriptive Statistics course act as building blocks to the related courses that follow this course.

3. What will be the practical use of this course to me?

This course will be of high practical utility to you. As the aim of this course is to provide as well as enhance the skills that are useful in predictive modeling in a number of sectors and domains of the business, it will be used practically in a number of sectors. The course will be using the predictive modelling concepts along with the various quantitative methods for forming an understanding of the current behaviour that is displayed by the customers, the movements that take place in the financial markets and also for studying the tests along with the effects in the sectors related to medicine and pharma subsequent to drug administration. Thus, it will be specifically useful to you in the medical sector.

Career Benefits of this training

Cost Effective and Useful Across Sectors

The Minitab Descriptive Statistics that is offered by eduCBA is very cost effective as a lot of information is offered by the course as at very low cost. Besides this information and knowledge that the course provides can be used across a number of domains and sectors. The skills that the course provides is equally useful to the novice students, to the pharma as well as the research scientists, quantitative along with predictive modelers and professionals and also for the professionals of equity research as well as CFAs.

Thorough Knowledge about the use of Minitab in Predictive Modelling

The course is very elaborate and hence provides a detailed knowledge of the use of Minitab in case of predictive modeling and its different applications. The various examples that are given in the course along with the theory help in a better understanding of the subject matter. The course is organised in a very systematic way and the explanation of the concepts has been done in a very good manner. The course also provides a clear understanding regarding the way in which Minitab can be used for predictive modeling in multiple sectors of business.

Minitab Descriptive Statistics Course Testimonials

Jessica Phillips

The course on “Minitab and its Applications to Predictive Modelling” that is offered by the eduCBA website is detailed and very comprehensive and provides us with a number of skills that are useful in various sectors. A good understanding related to the subject matter is provided by the videos and the relevant examples that are related to the theory help in understanding the course in a practical way. The references that are made to Excel and Minitab are of high utility in gaining an understanding of the course. The quality of the videos is excellent and the instructor is able to explain the various concepts with high degree of clarity. Overall a very well structured as well as highly useful course. Thank you eduCBA for offering this course!

Ashrita Mandal

The course on “Minitab and its application to Predictive Modelling” was very good and presented in a very well organised way. The explanations were given in a very good way in the course and it is very easy for people like me to understand who do not have a very deep knowledge related to predictive modelling and Minitab. I will highly recommend this course of eduCBA and also like to inform that anybody can understand it very easily. It is really good to see that such a great learning platform is being provided by eduCBA. I really appreciate the team effort that has been put in by eduCBA. The team has a very good objective and it will surely prove to be a very good resource for people across sectors.

Simon Anghel

The sessions of the course were extremely helpful. A good explanation was provided for each and every concept. A clear understanding of Minitab and its various applications in Predictive Modelling and implementation in a number of sectors has been provided. The videos also explain the concepts in a very good way with the use of practical examples. All the topics that come under this umbrella have been well categorised into different sections and sub-sections and has given a very broad view to the course. I am thankful to eduCBA for encouraging such courses.

Where do our learners come from?

Professionals from around the world have benefited from eduCBA’s Minitab and Its Application to Predictive Modeling courses. Some of the top places that our learners come from include New York, Dubai, San Francisco, Bay Area, New Jersey, Houston, Seattle, Toronto, London, Berlin, UAE, Chicago, UK, Hong Kong, Singapore, Australia, New Zealand, India, Bangalore, New Delhi, Mumbai, Pune, Kolkata, Hyderabad and Gurgaon among many.

Back to top ▴

View courses without internet connection with a Lifetime Membership

View Offline - Internet-free viewing with your iOS or Android App

Watch offline with your iOS/Android app.

Start Your Free Trial Now

You can download courses from your iOS/Android App.