The-Managers-Analytics-Compass-COMPLETE
The document is the final section of Nikhil Varma’s practitioner‑focused MBA textbook The Manager’s Analytics Compass: From Data to Decision. It compiles an extensive glossary of over 200 analytical terms spanning the book’s eight thematic chapters: a Statistics Primer, Correlation vs Causation, Regression for Managers, Simple Forecasting, A/B Testing for Managers, The Data Story, From Analysis to Action, and Ethical Traps. Each entry provides a concise definition, the chapter where it appears, and often a brief practical note (e.g., how to calculate, when to apply, or how to respond to a hostile question). The glossary serves as a quick‑reference cheat‑sheet for managers and instructors, reinforcing the book’s emphasis on analytical judgement, communication, decision‑making, and ethical governance. It also highlights common pitfalls (e.g., analysis paralysis, p‑hacking, survivorship bias) and prescriptive tools (e.g., five‑slide anatomy, decision brief, SHAP values). The overall purpose is to give readers a ready‑to‑use vocabulary that bridges statistical theory, business analytics practice, and responsible AI deployment.
Topics
Statistics Primer – Foundations for Managers
Core statistical concepts needed for managerial analytics: data types, measures of central tendency and dispersion, probability basics, sampling, confidence intervals, hypothesis testing, and key Excel functions. Provides quick formulas and guidance on when to apply each tool.