This course introduces fundamental quantitative analysis theories, such as basic probability theories and descriptive statistics. The course will not focus on the statistics theories, but will emphasize on the application of statistical packages to solve a variety of management issues, such as primary data processing techniques, various forecasting methods, inventory control models, and quality control models.
After completing this course, students are expected to use Excel to solve these common management problems as well as constrained optimization problems. Students will gain some experience in applying these statistical tools to real world problems by collecting, processing, and analyzing their own data in team assignments and a case study.- Teacher: Boris Djokic