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# Recent Trends in Business Analytics

Recent Trends in Business Analytics. Statistics are all around you, sometimes used well, sometimes not. We must learn how to distinguish the two cases. Just as important as detecting the deceptive use of statistics is the appreciation of the proper use of statistics. You must also learn to recognize statistical evidence that supports a stated conclusion. When a research team is testing a new treatment for a disease, statistics allows them to conclude based on a relatively small trial that there is good evidence their drug is effective. Therefore, it is important to understand statistics. In this course, you would reform your statistical habits from now on. No longer will you blindly accept numbers or findings. Instead, you will begin to think about the numbers, their sources, and most importantly, the procedures used to generate them. In this way, you can become a more rational decision maker by analyzing the past performance to make business planning.

## Recent Trends in Business Analytics

The primary resource for this module is Introductory Business Statistics, by Alexander, Illowsky, and Dean.
For Module 4, you should read through the following material in this textbook:
Chapter 13: Linear Regression and Correlation
Sections 13.4, 13.5, and 13.6 only
These sections introduce multivariate or multiple linear regression analysis. These sections also explain some of the problems that can occur in regression analysis.
You are now familiar with several tools in the Analysis Toolpak. Regression analysis is just another one of those tools. Please review the following tutorial for help in generating regression estimates in Excel:
https://www.excel-easy.com/examples/regression.html
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