Numerical Literacy (QF-01)

Service Description

Who is it For: This course is tailored for professionals across industries who regularly work with numbers and want to deepen their understanding of key numerical concepts and their application in business. It’s ideal for individuals looking to improve their ability to interpret, apply, and present numerical data effectively. What You Will Achieve: By completing this module, participants will gain a deeper understanding of the role of numbers in business. You’ll learn how to apply critical numerical concepts like weights, ratios, and gross-up calculations, as well as how to differentiate between relative and absolute values. Additionally, you will understand how to balance numerical data with human judgment and avoid misleading interpretations of data. Master the role numbers play in various business contexts. Understand and apply key numerical concepts such as weights, ratios, and gross-up calculations. Learn the difference between relative and absolute values and when to use each. Balance the use of numerical data with human judgment. Identify misleading case studies and avoid common pitfalls in data analysis. Summary Outline: Section 1: The role of numbers in business across different industries, with case studies on how numerical data drives decisions. Section 2: Understanding and applying key numerical concepts such as weights, ratios, spurious correlations, and gross-up calculations. Section 3: Differentiating between relative and absolute values and their applications in business. Section 4: Balancing judgment and numerical data to make better business decisions. Section 5: Identifying and analysing misleading case studies and learning best practices to avoid data misrepresentation. This module is designed for a 2-hour session, offering a comprehensive exploration of numerical literacy through real-world examples, hands-on exercises, and group discussions to enhance understanding and application in business contexts.