Data driven decision making is the state of the art today. It spreads across all sectors of human civilization. Engineers today gather huge data and seek meaningful knowledge out of these for interpreting the process behavior. Scientists do experiments under controlled environment and analyze them to confirm or reject hypotheses. Managers and administrators use the results out of data analysis for day to day decision making. Data collection and storage is an easy task today. Data-driven decision making now is the way of life. The aim of this course is therefore to build confidence in the students in analyzing and interpreting multivariate data.
The course will help the students by:
(i) Providing guidelines to identify and describe real life problems so that relevant data can be collected,
(ii) Linking data generation process with statistical distributions, especially in the multivariate domain,
(iii) Linking the relationship among the variables (of a process or system) with multivariate statistical models,
(iv) Providing step by step procedure for estimating parameters of a model developed,
(v) Analyzing errors along with computing overall fit of the models,
(vi) Interpreting model results in real life problem solving, and
(vii) Providing procedures for model validation.
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e-book enables you to access interactive reading material to strengthen the skills learned in the sessions.
Online Lab enables you to practice the application of concepts you have learnt in the sessions in the virtual environment.
Tutorials enables you to get easy learning with clear, crisp, and to-the-point content on a wide range of technical and non-technical subjects without any preconditions and impediments.