Skip to main content
View Cart

Data Science for Business and Decision Making

  • 1st Edition - April 11, 2019
  • Latest edition
  • Authors: Luiz Paulo Favero, Patricia Belfiore
  • Language: English

Data Science for Business and Decision Making covers both statistics and operations research while most competing textbooks focus on one or the other. As a result, the book more… Read more

Early spring sale

Nurture your knowledge

Grow your expertise with up to 25% off trusted resources.

Shop now

Description

Data Science for Business and Decision Making covers both statistics and operations research while most competing textbooks focus on one or the other. As a result, the book more clearly defines the principles of business analytics for those who want to apply quantitative methods in their work. Its emphasis reflects the importance of regression, optimization and simulation for practitioners of business analytics. Each chapter uses a didactic format that is followed by exercises and answers. Freely-accessible datasets enable students and professionals to work with Excel, Stata Statistical Software®, and IBM SPSS Statistics Software®.

Key features

  • Combines statistics and operations research modeling to teach the principles of business analytics
  • Written for students who want to apply statistics, optimization and multivariate modeling to gain competitive advantages in business
  • Shows how powerful software packages, such as SPSS and Stata, can create graphical and numerical outputs

Readership

Upper-division undergraduates and graduate students worldwide working on business decision-making. This book will help them with statistics, particularly optimization and multivariate modeling, and their manipulation through the use of Excel, SPSS, and Stata

Table of contents

Part 1: Foundations of Business Data Analysis

1. Introduction to Data Analysis and Decision Making

2. Type of Variables and Mensuration Scales

Part 2: Descriptive Statistics

3. Univariate Descriptive Statistics

4. Bivariate Descriptive Statistics

Part 3: Probabilistic Statistics

5. Introduction of Probability

6. Random Variables and Probability Distributions

Part 4: Statistical Inference

7. Sampling

8. Estimation

9. Hypothesis Tests

10. Non-parametric Tests

Part 5: Multivariate Exploratory Data Analysis

11. Cluster Analysis

12. Principal Components Analysis and Factorial Analysis

Part 6: Generalized Linear Models

13. Simple and Multiple Regression Models

14. Binary and Multinomial Logistics Regression Models

15. Regression Models for Count Data: Poisson and Negative Binomial

Part 7: Optimization Models and Simulation

16. Introduction to Optimization Models: Business Problems Formulations and Modeling

17. Solution of Linear Programming Problems

18. Network Programming

19. Integer Programming

20. Simulation and Risk Analysis

Part 8: Other Topics

21. Design and Experimental Analysis

22. Statistical Process Control

23. Data Mining and Multilevel Modeling

Review quotes

"Data Science for Business and Decision Making brings together the key topics required as the foundation for understanding and applying analytics for decision making. The authors have carefully selected the topics, and each one is clearly explained, described, and reinforced with a diverse set of exercises." —Rahul Saxena, Cobot Systems

"Data Science for Business and Decision Making provides a thorough essay about statistical methods which are commonly used in business without requiring a strong mathematical background. The presentation is rigorous and accessible thanks to a large number of examples that are developed step-by-step. The illustrations feature various software and the proposed exercises are particularly helpful for students and practitioners."—Francesco Bartolucci, University of Perugia

Product details

  • Edition: 1
  • Latest edition
  • Published: April 11, 2019
  • Language: English

About the authors

LF

Luiz Paulo Favero

Dr. Fávero is a Full Professor at the Economics, Business Administration and Accounting College and at the Polytechnic School of the University of Sao Paulo (FEAUSP and EPUSP), where he teaches Data Science, Data Analysis, Multivariate Modeling, Machine and Deep Learning and Operational Research to undergraduate, Master’s and Doctorate students. He has a Post-Doctorate degree in Data Analysis and Econometrics from Columbia University in New York. He is a tenured Professor by FEA/USP (with greater focus on Quantitative Modeling). He has a degree in Engineering from USP Polytechnic School, a post-graduate degree in Business Administration from Getúlio Vargas Foundation (FGV/SP), and he has received the titles of Master and PhD in Data Science and Quantitative Methods applied to Organizational Economics from FEA/USP. He is a Visiting Professor at the Federal University of Sao Paulo (UNIFESP), Dom Cabral Foundation, Getúlio Vargas Foundation, FIA, FIPE and MONTVERO. He has authored or co-authored 9 books and he is the founder and former editor-in-chief of the International Journal of Multivariate Data Analysis. He is member and founder of the Latin American Academy of Data Science. He is a consultant to companies operating in sectors such as retail, industry, mining, banks, insurance and healthcare, with the use of Data Analysis, Machine and Deep Learning, Big Data and AI platforms, such as R, Python, SAS, Stata and IBM SPSS. Dr. Fávero is a Full Professor at the Economics, Business Administration and Accounting College and at the Polytechnic School of the University of Sao Paulo (FEAUSP and EPUSP), where he teaches Data Science, Data Analysis, Multivariate Modeling, Machine and Deep Learning and Operational Research to undergraduate, Master’s and Doctorate students. He has a Post-Doctorate degree in Data Analysis and Econometrics from Columbia University in New York. He is a tenured Professor by FEA/USP (with greater focus on Quantitative Modeling). He has a degree in Engineering from USP Polytechnic School, a post-graduate degree in Business Administration from Getúlio Vargas Foundation (FGV/SP), and he has received the titles of Master and PhD in Data Science and Quantitative Methods applied to Organizational Economics from FEA/USP. He is a Visiting Professor at the Federal University of Sao Paulo (UNIFESP), Dom Cabral Foundation, Getúlio Vargas Foundation, FIA, FIPE and MONTVERO. He has authored or co-authored 9 books and he is the founder and former editor-in-chief of the International Journal of Multivariate Data Analysis. He is member and founder of the Latin American Academy of Data Science. He is a consultant to companies operating in sectors such as retail, industry, mining, banks, insurance and healthcare, with the use of Data Analysis, Machine and Deep Learning, Big Data and AI platforms, such as R, Python, SAS, Stata and IBM SPSS.
Affiliations and expertise
Economics, Business Administration and Accounting College of the University of Sao Paulo, Brazil/ Faculdade de Economia, Administracao e Contabilidade, Universidade de Sao Paulo, Brazil

PB

Patricia Belfiore

Dr. Belfiore is Associate Professor at the Federal University of ABC (UFABC), where she teaches Data Science, Statistics, Operational Research, Production Planning and Control, and Programming and Algorithms Development to Engineering students. She has a master’s in electrical engineering and a PhD in production engineering from the Polytechnic School of the University of Sao Paulo (EPUSP). She has a post-doctorate degree in Operational Research and Computer Programming from Columbia University in New York. She takes part in several research and consultancy projects in the fields of modeling, optimization and programming. She has taught Operational Research, Multivariate Data Analysis and Operations Research and Logistics to undergraduate and master’s students at FEI University Center and at the Arts, Sciences and Humanities College of the University of Sao Paulo (EACH/USP). Her main research interests are in the fields of modeling, simulation, combinatorial optimization, heuristics and computer programming. She is the author/co-author of 9 books. She is a consultant to companies operating in sectors such as retail, industry, banks, insurance and healthcare, with the use of Process Simulation and Optimization, Data Analysis, and Machine and Deep Learning platforms, such as R, Python, Stata, IBM SPSS and ProModel.
Affiliations and expertise
Associate Professor, Federal University of ABC (UFABC)/ Federal University of ABC, Brazil

View book on ScienceDirect

Read Data Science for Business and Decision Making on ScienceDirect