MGT 3031 Economic Forecasting & Decision Making
This course gives the student an understanding of the various tools and techniques used in making a scientific forecast and a rational business decision. Using a real-life problem solving approach, it starts with a study of quantitative methods such as real numbers, algebraic relationships, fractions, and graphs. This course explores statistical analysis, including concepts, validity testing, and probability and sampling theory. Research methods, including design and data collection, and quantitative analysis, including classical decision theory are explained. Prerequisite: Basic Algebra