We have great pleasure in presenting First edition “Quantitative Analysis for Decision Making” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Quantitative Analysis for Decision Making. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Unit – 1 Applications of Descriptive Statistics
Introduction
Importance of Descriptive Statistics
Application in Decision Making
Types of Quantitative Techniques
Role of Quantitative Techniques in Business
Measures of Central Tendency
Mean
Median
Mode
Review Questions
Practical Problems with Answer
Unit – 2 Measures of Dispersion
Introduction
Variance
Standard Deviation
Range
Graphical Representation
Histograms
Pie Charts
Boxplots
Review Questions
Practical Problems with Answer
Unit – 3 Correlation and Regression
Introduction
Correlation
Types of Correlation
Karl Pearson’s Coefficient of Correlation
Spearman’s Rank Correlation
Linear Regression (Equation of a line)
Review Questions
Practical Problems with Answer
Unit – 4 Time Series Analysis and Forecasting
Introduction
Time Series Data
Components of Time Series
(Trend, Seasonality, Cyclic, Irregular)
Moving Averages
Basic Forecasting Techniques
Review Questions
Practical Problems with Answer
Model Question Paper
