The main topics of this course include concepts of measurement and statistics, probability concepts and applications, decision-making, decision analysis, regression models, forecasting, linear programming models and applications, project management and other quantitative approaches to problem-solving and decision-making.
In this course, you will be provided with the ability to apply quantitative techniques in business and managerial decisions. This course also provides a framework for quantitative decision-making based on empirical data analysis and results. You will learn various quantitative techniques and their applications in specific problem-solving and decision-making situations in management. You will also be exposed to using solver software present in Microsoft Excel as many problems in business and economics involve large amounts of numerical data crunching. The main topics of this course include concepts of data and measurement and quantifying of variables, probability concepts, management science applications, decision analysis, decision making, regression models, forecasting, linear programming models and their applications, project management and other quantitative approaches to problem-solving and decision making.
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