QUANTITATIVE ANALYSIS IN BUSINESS DECISION MAKING

MBA GREECE
COURSE OUTLINE
January - February 2013

Course Number: DIS 651

Course Title: Quantitative Analysis in Business Decision Making
Instructor’s Name: C. Zopounidis/P. Kalantonis

Course Description

The objective of this course is to introduce students to commonly used quantitative

techniques that can be used to make effective decisions in a business environment.

In this class the focus will be on understanding the techniques, promoting its effective
use and interpreting the results of quantitative analysis. The discussion of the
extensive mathematical details that underline many of these procedures will be
limited. In order words, the focus will be on “Why”, “How” and “What it means”. In
many cases, the computer tool that is used will be MINITAB - . One of the key
ingredients in making this approach successful is your participation in classroom
discussions.

Course Schedule

Date Topics
January, 14 Management and presentation of data – Measures of Central
Tendency and Variability
January, 16 Measures of Variability – Special Topics
January 21 Statistical Inference: Confidence Intervals - Quiz 1
January, 24 Hypothesis Testing
January, 28 Non Parametric test
January, 31 Sample Methods – Quiz 2

February, 04 Simple Linear Analysis & Multi Regression Models - Correlation

February, 06 Analysis of Variance
February, 08 Times series Analysis & Forecasting
February, 15 FINAL EXAM
Grading:

Your grade will be based on:

Class participation: 10%
Quiz 1: 20%
Quiz 2: 20%
Final Exam 50%

The final grades will be based on the traditional scale:

Average Score Letter Grade

90 and above A
80 to less than 90 B
70 to less than 80 C
60 to less than 70 D
Below 60 E

Attendance Policy

Class participation is one of the formulating factors of the final grade. It is therefore
students participate and keep informed regarding all aspects of strongly suggested that
the class (material covered, assignments, etc) themselves. Any absences must be made
up by turning in a paper at the day of the final exam of they will have a negative
effect on the final grade.

Sources (Text Book): Basic Business Statistics, M. Berenson, D. Levine, T. Krehbiel,

any available edition.

Suggested reading : - Jon Curwin and Roger Slaffer 2002 5th ed. Quantitative
Methods for Business decision, Thomson
- Anderson Sweeney William, 2002, Quantitative Methods for
Business.
- L. Oaksott (2001) 2nd ed., Essential Quantitative Methods for
Business Management and Finance, Palgrave Macmilan,
England
- Mc Clave, Benson, and Sincich, 8th ed.
A first Course in Business Statistics