Prescriptive Analytics Project Ideation is about the art of transforming data into actionable optimal strategies. This course begins with an overview of prescriptive analytics, exploring key methods like optimization and simulations. You'll then delve into real-world applications across various industries, with applications in investing and staffing optimization. The course also includes a comprehensive sprint phase for problem identification and solutions mapping, culminating in a final project plan review and insights from industry experts.
Prescriptive Analytics Project Ideation
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Prescriptive Analytics Project Ideation
This course is part of Analytics Project Ideation Specialization
Instructor: Soumya Sen
Included with 
Gain insight into a topic and learn the fundamentals.
Beginner level
Recommended experience
11 hours to complete
3 weeks at 3 hours a week
Flexible schedule
Learn at your own pace
Details to know
Shareable certificate
Add to your LinkedIn profile
Recently updated!
January 2025
Assessments
8 assignments
Taught in English
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This course is part of the Analytics Project Ideation Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 5 modules in this course
What's included
1 video
This module introduces prescriptive analytics, covering key methods like optimization and simulations, and the essential features of optimization problems. It also explores practical applications of prescriptive analytics across various industries, including manufacturing, supply chain, marketing, finance, transportation, and logistics.
What's included
8 videos2 assignments
This module delves into optimization and simulations, starting with investment optimization through SCQ analysis and solution overview. It then covers staffing level optimization, including problem analysis and solutions. The module concludes with an introduction to discrete event simulations.
What's included
7 videos2 assignments
This module focuses on high-level needs identification, starting with understanding process maps, identifying business needs, and prioritizing them using PICK charts. It then moves to SCQ analysis for airline operations, introducing the situation, challenges, and key questions. Finally, it addresses breaking down problems into subproblems, identifying common themes, and constructing an issue tree.
What's included
9 videos2 assignments
This module begins with results mapping, focusing on aligning methods with key questions. It then moves to outcome sketches, where goals and constraints are identified. The module concludes with a final project plan review and insights from an industry expert on optimization in the airline industry.
What's included
6 videos2 assignments
Instructor
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