Strongly recommended and excellent course in the simulation modeling for business management, information theory and decision making. It requires some relevant mathematical thinking and of course the previous 3 courses of this specialization.

This course of Simulation Models is built on the main concepts of applied Probability Theory: Simulation, Permutation and Combinatorics using Excel or Google Sheet. The main topics cover distributions and cumulative probability, probability distribution, chi-squared test and advanced modeling of random generating numbers.

The case studies is about sensitivity analysis in decision making science such as: Monte-Carlo simulation using a simple risk modeling example, discrete-event simulation and counterfactual analysis. All examples are implemented in Excel and some general information about advanced programming if needed. The general approach of this course and whole specialization is about information management and business modeling skills. I am very satisfied of the final gain by learning these 4 courses.

P.S. It is not an introductory level specialization. Prior exposure to university classes in mathematics like general calculus, probability and statistics may help.

Simulation Model is very complexity for data analysis but in this course have many Discrete Event case for practice and finally you can decision how to use suitable model and how to fixed value for create your business strategy through the data that you have.

The topic of simulation and examples of it are rare to find making this course one of the best in the particular topic

I learned a lot of interesting knowledge from this course and the specialization in general.

Fantastic course, a great way to learn about simulations

Great exposure to the techniques of simulation.

Interesting content, I enjoyed the excel labs.

bueno y me ayudo a comprender muchas cosas

Excellent Course - Highly Recommended!

nice but boring

Perfect

bueno

Good

I liked the clear explanations. I can now understand what "montecarlo simulations" are !

I also learned a lot on Excel, I did not know such simulations were possible on Excel. Great.

i did not like this course. The visual material is 'old style' power point with very text heavy slides which at times had cheezy 'clip art' animations of dice or students switching chairs running at a high speed in the background. (The purpose was to illustrate chance events.)

The professors are well qualified but the visual material was so poor and distracting to me I decided not to finish this course and seek a better one. I suggest a total re-do of the visual material with a designer and modern graphics.

Slides explanations are vague, not precise.