Classification and presentation of business and economics data, probability and expected value, statistical inference, simple linear regression and correlation analysis. QMM 380 . Statistical inference as applied to management decision making. Topics include linear and non-linear regression models, analysis of variance and covariance, time series analysis, experimental design and nonparametric statistical techniques.
Applications require the use of computer-based statistical analysis programs.
QMM 385 . Topics include linear programming, network analysis and decision theory. Emphasis on computer solution techniques and the interpretation of model solutions by managers. QMM 388 . Introduction to deterministic and probabilistic models applied to economics and business decision making.