What you'll learn

A forecast can help you plan, but it cannot guarantee what happens next. Business leaders need to understand the uncertainty and the consequences of acting on a prediction. In this course, Turning Data Predictions into Decisions as a Business Leader, you’ll gain the ability to use predictions to guide practical business decisions. First, you’ll explore how to interpret forecasts, probabilities, and ranges of possible outcomes. Next, you’ll discover how assumptions and uncertainty affect a prediction’s usefulness for your decision. Finally, you’ll learn how to weigh the consequences of different outcomes and choose an action that reflects your business priorities and tolerance for risk. When you’re finished with this course, you’ll have the skills and knowledge of prediction-informed decision-making needed to act on forecasts while accounting for uncertainty.