Categories
ASSOCIATEModeling for Business Decision Application (A25)
Managerial decision making in operations problems. Statistical models, techniques, and tools for aiding management decisions. Probability distributions, random sampling and standard errors, hypothesis testing, multiple regression, ANOVA, chi-square tests. Analysis of a wide range of forecasting methods
Introduction to computer-based modeling techniques for management decision making. Formulation and solution of business problems using modeling skills, advanced quantitative analysis tools and operations research techniques in a spreadsheet environment. Techniques of linear and integer programming, decision analysis, network optimization, queuing, and simulation. Applications from real-life operations. Formulation and interpretation.
