Quantitative Methods & Decision Analysis

 

Teaching Hours and Credit Allocation:	24 hours, 6 credits
Course Assessment:	Coursework

 

Aims

The aim of this course is to introduce students to the most important statistical tools used in quantitative business analysis. The focus is on application and interpretation of the tools and results. The intention is not only to equip students with the practical skills to implement the necessary techniques, but to acquire the skills of discretion in choice of appropriate method and clarity in the interpretation of the output from such methods and extraction of the information of most importance to the business decision maker.

 

Learning Outcomes

On successful completion of the course, students will:

• Develop analytical skills in structuring and analysing business decision problems
• Build analytical models for a variety of problems in a number of functional areas
• Understand the usefulness and limitations of selected techniques
• Use software to generate computer solutions of the models
• Demonstrate skills in communicating the analysis and results of business decision problems

 

Content

 

• Data Analysis
• Probability Distributions
• Sampling and Confidence Intervals
• Hypothesis Testing
• Regression Analysis
• Time Series Analysis
• Use of industry standard databases and software