Data Science: Probability
FREE COURSE (OR VERIFIED CERTIFICATE FOR $49 USD)
In this course, part of edX’s Professional Certificate Program in Data Science, you will learn valuable concepts in probability theory. The motivation for this course is the circumstances surrounding the financial crisis of 2007–2008. Part of what caused this financial crisis was that the risk of some securities sold by financial institutions was underestimated. To begin to understand this very complicated event, we need to understand the basics of probability.
What You’ll Learn
- Important concepts in probability theory including random variables and independence
- How to perform a Monte Carlo simulation
- The meaning of expected values and standard errors and how to compute them in R
- The importance of the Central Limit Theorem
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