The purpose of the course is to describe the basic quantitative techniques used for management decision making. Following a brief overview of the meaning of a variable, the course outlines the regression technique for simple and multiple linear regression and the problems of regression. Dummy variables and time-lag models are also examined. Subsequently, smoothing methods and time-series decomposition are presented. Finally, techniques of decision analysis under conditions of uncertainty, queuing theory and game theory are discussed.
On successful completion of the course students will have knowledge of and be able to apply quantitative methods in order to make financial and management decisions using real data.
