Course Description This course aims at introducing various quantitative tools that can be used in the analysis of various types of probability theory in making statistical inferences. Models for business forecasting and criteria for decision-making under conditions of uncertainty and risk.
General objective of the course The main aim of this course is to provide students with an introductory yet comprehensive overview of quantitative tools that can be used to analyze management related problems. It also provides an opportunity to learn the application of some of the basic models used for business forecasting.
Relationship with Other Courses: The students enrolling in this course must have taken statistics courses. However, the basic issues of the course require a good understanding of principles of microeconomics, management and math courses.