What is statistical modeling?

Statistical modeling is the process of using statistics to analyze data and make it usable for decision-making and analysis. It involves using computer programs to pull out numbers from data sets, identify trends, make predictions, and understand different situations. Most statistical modeling results in charts, graphs, or other types of reports to explain the data.

Why is it important to learn statistical modeling?

It's important to learn statistical modeling for many reasons to comprehend related material as a student and fulfill work-related requirements. Students often need to learn it because it's used in many different academic fields to understand the material. Many occupations either involve doing statistical analysis or being able to use the output in order to make decisions. Because of the way that data is reported in the media, it's helpful for members of the general public to have some understanding of how statistical modeling works.

What are typical careers that use statistical modeling?

Typical careers that use statistical modeling are medical research, scientific research, and financial analysis, but it is a component of many different fields. People working in marketing and sales use statistical modeling to build forecasts and generate prospects. Business managers use it to make decisions and to share information. Academics use it to understand trends and patterns in their fields. Journalists use statistical modeling to present information in their stories. By turning data into usable information, including charts and graphs, statistical modeling can add value to many different fields. People who understand the fundamentals of quantitative modeling and statistical model can expect the skill to enhance their careers.

How can taking online courses on Coursera help me learn statistical modeling?

Taking online courses on Coursera can help you learn statistical modeling in different ways, depending on your interests and needs. Some courses cover the fundamentals of statistics, which may be helpful if you have little background in the area. Others look at how statistical modeling is done with different software packages, such as Python, Excel, or SAS. Many classes focus on the uses of statistical modeling in specific fields, such as artificial intelligence, finance, or history. All classes include projects that help you apply what you learn.

What are the benefits of taking an online Statistical Modeling course?

Online Statistical Modeling courses offer a convenient and flexible way to enhance your knowledge or learn new Statistical Modeling skills. Choose from a wide range of Statistical Modeling courses offered by top universities and industry leaders tailored to various skill levels.

What Statistical Modeling courses are best for training and upskilling employees or the workforce?

When looking to enhance your workforce's skills in Statistical Modeling, it's crucial to select a course that aligns with their current abilities and learning objectives. Our Skills Dashboard is an invaluable tool for identifying skill gaps and choosing the most appropriate course for effective upskilling. For a comprehensive understanding of how our courses can benefit your employees, explore the enterprise solutions we offer. Discover more about our tailored programs at Coursera for Business here .

Top Statistical Modeling Courses - Learn Statistical Modeling Online

Explore the Statistical Modeling Course Catalog

University of Colorado Boulder
Data Science Graduate Certificate
Skills you'll gain: Unsupervised Learning, Data Mining, Statistical Modeling, Supervised Learning, Deep Learning, Machine Learning Algorithms, Statistical Inference, Service Level, Statistical Hypothesis Testing, Probability, Dimensionality Reduction, Applied Machine Learning, Data Warehousing, Statistical Machine Learning, Data Pipelines, Data Processing, Probability & Statistics, Performance Testing, Data Science, Bash (Scripting Language)
Credit offered
Graduate Certificate · 6 - 12 Months
Status: Free Trial
Microsoft
Microsoft R Programming for Everyone
Skills you'll gain:
Beginner · Professional Certificate · 1 - 3 Months
University of Leeds
Master of Science in Data Science (Statistics)
Skills you'll gain: Regression Analysis, Statistical Hypothesis Testing, Statistical Machine Learning, Statistical Methods, Classification And Regression Tree (CART), Network Analysis, Planning, Statistical Modeling, Applied Machine Learning, Unsupervised Learning, Dimensionality Reduction, Data Visualization Software, Supervised Learning, Exploratory Data Analysis, Decision Tree Learning, R Programming, Probability, Bayesian Statistics, Artificial Intelligence and Machine Learning (AI/ML), Data Analysis
Earn a degree
Degree · 1 - 4 Years
University of Illinois at Urbana-Champaign
Graduate Certificate in Accounting Data Analytics
Skills you'll gain: Data Storytelling, Management Accounting, Fund Accounting, Operations Management, Mergers & Acquisitions, Financial Statement Analysis, Marketing, Risk Management, Machine Learning Algorithms, Business Strategy, Financial Auditing, Descriptive Statistics, Variance Analysis, Process Improvement, Marketing Analytics, Generative AI, Financial Market, Strategic Decision-Making, Corporate Tax, Global Marketing
Credit offered
Graduate Certificate · 6 - 12 Months
Pontificia Universidad Católica de Chile
Certificado en Modelos Analíticos para la Toma de Decisiones de Negocio
Skills you'll gain: Descriptive Analytics, Business Analytics, Statistical Reporting, Data Visualization, Data Mining, Dimensionality Reduction, Data Analysis, R Programming, Scientific Visualization, Statistical Modeling, Big Data, Data-Driven Decision-Making, Data Visualization Software, Predictive Modeling, Predictive Analytics, Data Modeling, Analytics, Advanced Analytics, Regression Analysis, Statistical Visualization
Credit offered
Mastertrack · 6 - 12 Months
Universidad de los Andes
Analítica de datos: visualización, predicción y toma de decisiones Certificado MasterTrack®
Skills you'll gain: Network Analysis, Data Storytelling, Predictive Modeling, Data Presentation, Marketing Analytics, Cash Flows, Product Marketing, Matplotlib, Financial Data, Financial Statement Analysis, Portfolio Management, Data Cleansing, Advertising, Applied Machine Learning, Statistical Machine Learning, Random Forest Algorithm, Operations Research, Natural Language Processing, Mathematical Modeling, Systems Analysis
Credit offered
Mastertrack · 6 - 12 Months
University of Illinois at Urbana-Champaign
Mergers & Acquisitions Graduate Certificate
Skills you'll gain: Data Storytelling, Management Accounting, Fund Accounting, Operations Management, Mergers & Acquisitions, Financial Statement Analysis, Marketing, Risk Management, Machine Learning Algorithms, Business Strategy, Financial Auditing, Descriptive Statistics, Variance Analysis, Process Improvement, Marketing Analytics, Generative AI, Financial Market, Strategic Decision-Making, Corporate Tax, Global Marketing
Credit offered
Graduate Certificate · 6 - 12 Months
University of Colorado Boulder
Master of Science in Electrical and Computer Engineering
Skills you'll gain: Object Oriented Design, User Story, Real-Time Operating Systems, Model Based Systems Engineering, New Product Development, Field-Programmable Gate Array (FPGA), Failure Analysis, Delegation Skills, Unsupervised Learning, Sampling (Statistics), Diversity Equity and Inclusion Initiatives, Supplier Management, Sustainability Reporting, Accountability, Data Ethics, Data Mining, Statistical Modeling, Goal Setting, Proposal Writing, Generative AI
Earn a degree
Degree · 1 - 4 Years
Status: Free Trial
Microsoft
Exploratory Data Analysis and Visualization
Skills you'll gain:
Beginner · Course
Status: Free Trial
Microsoft
Relational Database Design and Advanced Querying
Skills you'll gain: Database Design, Data Warehousing, Star Schema, Microsoft SQL Servers, Relational Databases, SQL, Query Languages, Data Modeling, Data Integrity, Database Management Systems, Databases, Business Intelligence, Generative AI
Beginner · Course · 1 - 4 Weeks
University of Illinois at Urbana-Champaign
Business Analytics Graduate Certificate
Skills you'll gain: Data Storytelling, Management Accounting, Fund Accounting, Operations Management, Mergers & Acquisitions, Financial Statement Analysis, Marketing, Risk Management, Machine Learning Algorithms, Business Strategy, Financial Auditing, Descriptive Statistics, Variance Analysis, Process Improvement, Marketing Analytics, Generative AI, Financial Market, Strategic Decision-Making, Corporate Tax, Global Marketing
Credit offered
Graduate Certificate · 6 - 12 Months
University of Colorado Boulder
Master of Science in Data Science
Skills you'll gain: Object Oriented Design, User Story, Real-Time Operating Systems, Model Based Systems Engineering, New Product Development, Field-Programmable Gate Array (FPGA), Failure Analysis, Delegation Skills, Unsupervised Learning, Sampling (Statistics), Diversity Equity and Inclusion Initiatives, Supplier Management, Sustainability Reporting, Accountability, Data Ethics, Data Mining, Statistical Modeling, Goal Setting, Proposal Writing, Generative AI
Earn a degree
Degree · 1 - 4 Years