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

Status: Free Trial
University of Virginia Darden School Foundation
IBM & Darden Digital Strategy
Skills you'll gain: Strategic Thinking, Digital Transformation, Business Strategy, Cloud Computing Architecture, Competitive Analysis, Cloud Services, Large Language Modeling, Business Transformation, Cloud Security, Cloud Technologies, Cloud Infrastructure, Big Data, Artificial Intelligence, Cloud Platforms, Data Analysis, Statistical Analysis, Cloud Hosting, OpenAI, Product Lifecycle Management, Business Technologies
4.7
Rating, 4.7 out of 5 stars
45K reviews
Beginner · Specialization · 3 - 6 Months
Status: Free Trial
DeepLearning.AI
Supervised Machine Learning: Regression and Classification
Skills you'll gain: Supervised Learning, Jupyter, Scikit Learn (Machine Learning Library), Machine Learning, NumPy, Predictive Modeling, Feature Engineering, Artificial Intelligence, Classification And Regression Tree (CART), Python Programming, Regression Analysis, Unsupervised Learning, Statistical Modeling
4.9
Rating, 4.9 out of 5 stars
29K reviews
Beginner · Course · 1 - 4 Weeks
Status: New
Status: Free Trial
IBM
Generative AI for Educators
Skills you'll gain: Prompt Engineering, Generative AI, ChatGPT, AI Personalization, Education Software and Technology, OpenAI, Data Ethics, Large Language Modeling, Artificial Intelligence, Program Development, Content Creation, Image Analysis, Ethical Standards And Conduct, Virtual Environment, Information Privacy, Diversity Awareness, Data Security
4.7
Rating, 4.7 out of 5 stars
6.8K reviews
Beginner · Specialization · 1 - 3 Months
The Hong Kong University of Science and Technology
Python and Statistics for Financial Analysis
Skills you'll gain: Statistical Inference, Statistical Methods, Pandas (Python Package), Probability & Statistics, Risk Analysis, Financial Trading, Financial Data, Data Manipulation, Statistical Analysis, Regression Analysis, Financial Analysis, Jupyter, Financial Modeling
4.4
Rating, 4.4 out of 5 stars
4.5K reviews
Intermediate · Course · 1 - 4 Weeks
Status: Free Trial
University of Illinois Urbana-Champaign
Investment Banking: Financial Analysis and Valuation
Skills you'll gain: Financial Statement Analysis, Investment Banking, Financial Forecasting, Business Valuation, Financial Analysis, Financial Modeling, Mergers & Acquisitions, Income Statement, Balance Sheet, Cash Flows, Benchmarking, Spreadsheet Software
Build toward a degree
4.5
Rating, 4.5 out of 5 stars
172 reviews
Intermediate · Course · 1 - 3 Months
Duke University
Behavioral Finance
Skills you'll gain: Behavioral Economics, Decision Making, Financial Planning, Finance, Consumer Behaviour, Financial Market, Economics, Psychology, Risk Analysis
4.4
Rating, 4.4 out of 5 stars
4.4K reviews
Beginner · Course · 1 - 4 Weeks
Erasmus University Rotterdam
Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital
Skills you'll gain: Strategic Decision-Making, Business Valuation, Private Equity, Mergers & Acquisitions, Game Theory, Strategic Thinking, Financial Analysis, Business Strategy, Return On Investment, Investment Banking, Cash Flows, Corporate Finance, Competitive Analysis
Build toward a degree
4.6
Rating, 4.6 out of 5 stars
1.3K reviews
Advanced · Course · 1 - 3 Months
Status: Free Trial
Vanderbilt University
Prompt Engineering for Law
Skills you'll gain: Prompt Engineering, ChatGPT, Generative AI, Productivity, AI Personalization, Law Practice Management Software, Artificial Intelligence, Personalized Service, Large Language Modeling, Legal Writing, Legal Research, Data Ethics, Expense Management, Creative Thinking, Ingenuity, Productivity Software, Legal Support, Brainstorming, Travel Arrangements, Innovation
4.8
Rating, 4.8 out of 5 stars
6.3K reviews
Beginner · Specialization · 1 - 3 Months
Status: New
Status: Free Trial
IBM
Generative AI for Customer Support
Skills you'll gain: Prompt Engineering, Generative AI, ChatGPT, Standard Operating Procedure, Customer Support, OpenAI, Customer Service, Customer experience improvement, Technical Support and Services, Procedure Development, Data Ethics, Large Language Modeling, Artificial Intelligence, Program Development, Customer Insights, User Feedback, Business Ethics, Language Interpretation, Translation, and Studies, Automation, Image Analysis
4.7
Rating, 4.7 out of 5 stars
6.8K reviews
Intermediate · Specialization · 1 - 3 Months
Status: Free Trial
IBM
Data Analysis and Visualization Foundations
Skills you'll gain: Data Storytelling, Big Data, Data Visualization Software, Data Analysis, Dashboard, IBM Cognos Analytics, Statistical Analysis, Data Mining, Apache Hadoop, Tree Maps, Excel Formulas, Data Wrangling, Apache Hive, Data Collection, Data Mart, Microsoft Excel, Data Warehousing, Data Quality, Data Cleansing, Data Import/Export
Build toward a degree
4.7
Rating, 4.7 out of 5 stars
28K reviews
Beginner · Specialization · 3 - 6 Months
Status: Free Trial
University of Pennsylvania
Modeling Risk and Realities
Skills you'll gain: Risk Modeling, Probability Distribution, Mathematical Modeling, Statistical Modeling, Risk Management, Data Visualization, Predictive Modeling, Data Modeling, Probability & Statistics, Risk Analysis, Simulation and Simulation Software, Forecasting, Data-Driven Decision-Making, Business Analysis, Process Optimization, Microsoft Excel
4.6
Rating, 4.6 out of 5 stars
2.2K reviews
Mixed · Course · 1 - 4 Weeks
Status: Free Trial
IBM
Generative AI for Data Analysts
Skills you'll gain: Prompt Engineering, Generative AI, ChatGPT, Data Storytelling, OpenAI, Analytics, Data Analysis, Artificial Intelligence and Machine Learning (AI/ML), Dashboard, Large Language Modeling, Data Ethics, Artificial Intelligence, Program Development, Data Visualization Software, SQL, Python Programming, Query Languages, Content Creation, Image Analysis, Virtual Environment
4.7
Rating, 4.7 out of 5 stars
6.9K reviews
Intermediate · Specialization · 1 - 3 Months