class: title-slide, left, middle
background-image: url("images/boot.jpg")
background-position: right
background-size: 60%
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.pull-left[

# .blue[Enhancing decisions with analytics]

### .blue[Center for Applied Technology, Westmont College]

### .blue[Enrico Manlapig]

### .blue[2021-06-11]
]

.pull-right[
![](images/boot.jpeg)
]

---

name: hello
class: middle, center
background-color: #FFA86D

### Enrico Manlapig

<img style="border-radius: 50%;" src="https://emanlapig.net/img/profile_pic.png" width="150px"/>

### Associate Prof. of Economics & Business

### Westmont College

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[<svg aria-hidden="true" role="img" viewBox="0 0 512 512" style="height:1em;width:1em;vertical-align:-0.125em;margin-left:auto;margin-right:auto;font-size:inherit;fill:currentColor;overflow:visible;position:relative;"><path d="M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"/></svg> @EnricoManlapig](https://twitter.com/EnricoManlapig)   
[<svg aria-hidden="true" role="img" viewBox="0 0 512 512" style="height:1em;width:1em;vertical-align:-0.125em;margin-left:auto;margin-right:auto;font-size:inherit;fill:currentColor;overflow:visible;position:relative;"><path d="M326.612 185.391c59.747 59.809 58.927 155.698.36 214.59-.11.12-.24.25-.36.37l-67.2 67.2c-59.27 59.27-155.699 59.262-214.96 0-59.27-59.26-59.27-155.7 0-214.96l37.106-37.106c9.84-9.84 26.786-3.3 27.294 10.606.648 17.722 3.826 35.527 9.69 52.721 1.986 5.822.567 12.262-3.783 16.612l-13.087 13.087c-28.026 28.026-28.905 73.66-1.155 101.96 28.024 28.579 74.086 28.749 102.325.51l67.2-67.19c28.191-28.191 28.073-73.757 0-101.83-3.701-3.694-7.429-6.564-10.341-8.569a16.037 16.037 0 0 1-6.947-12.606c-.396-10.567 3.348-21.456 11.698-29.806l21.054-21.055c5.521-5.521 14.182-6.199 20.584-1.731a152.482 152.482 0 0 1 20.522 17.197zM467.547 44.449c-59.261-59.262-155.69-59.27-214.96 0l-67.2 67.2c-.12.12-.25.25-.36.37-58.566 58.892-59.387 154.781.36 214.59a152.454 152.454 0 0 0 20.521 17.196c6.402 4.468 15.064 3.789 20.584-1.731l21.054-21.055c8.35-8.35 12.094-19.239 11.698-29.806a16.037 16.037 0 0 0-6.947-12.606c-2.912-2.005-6.64-4.875-10.341-8.569-28.073-28.073-28.191-73.639 0-101.83l67.2-67.19c28.239-28.239 74.3-28.069 102.325.51 27.75 28.3 26.872 73.934-1.155 101.96l-13.087 13.087c-4.35 4.35-5.769 10.79-3.783 16.612 5.864 17.194 9.042 34.999 9.69 52.721.509 13.906 17.454 20.446 27.294 10.606l37.106-37.106c59.271-59.259 59.271-155.699.001-214.959z"/></svg> emanlapig.net](https://emanlapig.net)

---

class: bottom, center, inverse
background-image: url(images/getting_ready.jpg)
background-position: top
background-size: 70%
background-color: #F7F0EA
# .blue[How do you get ready in the morning?]

---
class: center, middle
background-color: #F4F1EF

# What does it mean to make a good decision?

.pull-left[
<img src = "images/DQ_yarn.png"/>
]

.pull-right[
<img src = "images/cat_playing.svg" height = 300/>
<img src = "images/life_scribble.png" height = 200/>
]

---
class: center, middle
background-color: #F5F4F0

# Types of analytics

### Descriptive analytics &nbsp;|&nbsp;  Predictive analytics &nbsp;|&nbsp;  Prescriptive analytics

<img src = "images/cat_back_turned_yarn.svg" height = 200/>

---
class: inverse
background-color: #44272F

# Descriptive analytics

.pull-left[
![mirror image](images/mirror.jpg)
]

.pull-right[

* Descriptive statistics

* Estimation and inference

* Econometric modeling

* Data visualization

* Dashboards
]

---
class: 
background-color: #FFEAC1
# Prescriptive analytics

.pull-left[

* Officially: Machine learning methods
  - Supervised
      + Classification
      + Regression
  - Unsupervised
      + Clustering
      + Association
      
* Unofficially 😉: Anything dealing with the future 
  - Subjective beliefs
  - Scenario analysis
  - Simulation
]

.pull-right[
<center><img src = "images/weather.jpg" height = 450/></center>
]

---
class: inverse
background-color: #654D4E
# Prescriptive analytics

.pull-left[
* Optimization methods 
    - Operations research
    - Economics
    
* Decision Analytic methods
    - Multi-criteria decision analysis
    - Value focused thinking
]

.pull-right[
![](images/formal.jpg)
]

---
class: center, middle
background-image: url("images/stars.jpg")
background-size: cover
background-color: #F5D443

# Coming soon!

.center[### EB020 Research & Forecasting in San Francisco ]

.center[### EB138 Applied Management Science]

.center[### EB196 Decision Lab]

Notes for current slide

Notes for next slide

Enhancing decisions with analytics

Center for Applied Technology, Westmont College

Enrico Manlapig

2021-06-11

1

Enrico Manlapig

Associate Prof. of Economics & Business

Westmont College

@enricomanlapig @EnricoManlapig
emanlapig.net

2

How do you get ready in the morning?3

What does it mean to make a good decision?

4

Types of analytics

Descriptive analytics | Predictive analytics | Prescriptive analytics

5

Descriptive analytics

mirror image

Descriptive statistics
Estimation and inference
Econometric modeling
Data visualization
- Dashboards

6

Prescriptive analytics

Officially: Machine learning methods
- Supervised
  - Classification
  - Regression
- Unsupervised
  - Clustering
  - Association
Unofficially 😉: Anything dealing with the future
- Subjective beliefs
- Scenario analysis
- Simulation

7

Prescriptive analytics

Optimization methods
- Operations research
- Economics
Decision Analytic methods
- Multi-criteria decision analysis
- Value focused thinking

8

Coming soon!

EB020 Research & Forecasting in San Francisco

EB138 Applied Management Science

EB196 Decision Lab

9

Enrico Manlapig

Associate Prof. of Economics & Business

Westmont College

@enricomanlapig @EnricoManlapig
emanlapig.net

2

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