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Course Description:

This course introduces Bayesian methods and has an in depth analysis of how to make inferences from small samples. This course includes an extensive collection of Excel worksheets for using Bayesian methods. If you have not yet purchased or enrolled in this course, please click here.

Course Syllabus

To get hands on experience using methods to analyze and make inferences from data. There is an emphasis on Bayesian methods and making inferences from small samples.


How to Measure Anything and Decisions Under Uncertainty


  • Live 2 Hour Online Webinar
  • 1 Online Review Quiz

Materials Provided

  • Spreadsheets

Recommended Next Courses

Calibration, Advanced Calibration, Creating Simulations in Excel, Statistical Methods in Excel: Intermediate

Douglas Hubbard is the inventor of the Applied Information Economics (AIE) method and founder of Hubbard Decision Research (HDR). He is the author of How to Measure Anything: Finding the Value of Intangibles in BusinessThe Failure of Risk Management: Why It’s Broken and How to Fix It, Pulse: The New Science of Harnessing Internet Buzz to Track Threats and Opportunities and his latest book, How to Measure Anything in Cybersecurity Risk (Wiley, 2016). He has sold over 100,000 copies of his books in eight different languages.  Two of his books are required reading for the Society of Actuaries exam prep.  In addition to his books, Mr. Hubbard has been published in several periodicals including Nature, The IBM Journal of Research and Development, OR/MS Today, Analytics, CIO, Information Week, and Architecture Boston.

Please download the following spreadsheet to follow along in the course examples and to answer review questions.

Power Tools Measurement Methods Basic 2023