Quant Reasoning enables us to apply basic math and stats skills to solve such real-world problems across disciplines. The idea of this course is to drill these concepts in a visual and interactive fashion and develop critical thinking which is a must-have for any career, especially one in Data Science!
This course is an essential primer for anyone who wishes to pursue the R or Python Career track.
Any individual who:
Worked in the IT industry for almost 30 years before taking up his passion, teaching.
As a part of the corporate world, he had organized and taught in technical training programs. He has been with MDAE for the last 4 years teaching Mathematics, Statistics as well as a Data and Programming Course. He is also part of visiting faculty at St. Xavier’s College, Mumbai where he has taught cross-faculty courses in Mathematics for the Economics, Life Science and Microbiology Departments.
His style of teaching is to drill-in concepts in an intuitive way making use of thought-provoking puzzles, examples and class participation. His class sessions build students’ aptitude in the subject while being thoroughly enjoyable.
Introduction to Graphs – the why and how
Graphs of Common Functions.
To look at Data and be able to identify the nature of function which can best fit the data
Concept of Derivative – What it means and how to find derivatives of common functions.
The intuition behind rules for finding derivatives. Optimization using derivatives
Concept of partial derivatives and uses in optimization
Introduction to Integration.
Common tools and techniques used in the integration. Applications.
Formulating and solving a system of equations – the role of determinants and matrices.
Principles of Counting – Permutations Combinations with Lots of Interesting and Practical Examples. How the estimates help in determining complexities of algorithms.
Introduction to Probability Theory with Lots of interesting examples. Conditional Probability.
Representing data – common techniques to represent data.
Random Variables – Discrete and Continuous. Measures of Central Tendency.
Binomial, Poisson Distributions – Applications.
Introduction to the Normal Distribution.
Solving problems using tables, excel, calculators.
Hypothesis Testing – z test, t-test.
Point Estimates, Confidence intervals, p-values.
Hypothesis testing – Chi-Square test.
Linear Regression – Concept of fitting a line to a given data.
Testing for correlation coefficients.
A company sells 1000 washing machines per year, on an average. Getting them all at once will reduce the per order cost and headaches, but then there is a warehousing cost. What is the ideal quantity to order based on other parameters? What are these other parameters?
There is going to be a closely contested election at the state level. A simple sample of 500 people polled gives the candidate 52% of the votes. Is that enough to sit back and relax? What could be the sample size to give the candidate the confidence needed to take further action?
A person claims that she has ESP. Can we devise a test to check the claim. If probability dictates that she will be right 25% of the time, and she is right 27% of the time when asked to perform the experiment 1000 times, is that enough proof to validate her claim? What about 28%? What is that magic number when we can accept her claim? And even if we do, can we still be wrong? What is that margin of error?
MDAE alumni working in diverse roles across leading companies.
Trainee Decision Scientist
Senior Research Analyst
MDAE’s learning journey offers a candidate multiple entry and exit points. For those with prior exposure to the field, they can choose one or more of the courses on offer as long as they meet the course prerequisites. For example – a candidate who understands the basics of programming, can straightway opt to study the wrangling course or even the machine learning course. On the other hand, the career track allows a participant to deep dive and go through a solid training right from the foundation to the advance level. The career track is a 120 hour, 4 course training program which allows the candidate to pick a programming language between R or Python. The first course (Quant essentials for data science) is common across the programming languages, and the next 3 courses are specific to what you choose (R or python)
There are 3 distinct advantages of choosing a career track over a skills track –
1) Different certification – With the integrated 4 course training, candidates will become an MDAE Certified Data Scientist – an industry demanded certificate.
2) Small group mentoring – Candidates will receive live mentoring with industry’s best practitioners throughout the program.
3) Capstone projects – Deserving candidates can be evaluated for projects/internships with our industry partners.