OPIM-173 Business Statistics
Naor, Michael
This course introduces the basic concepts of Statistics and their application in managerial decision-making. In the first part of the course, we consider the steps of data collection, preliminary data analysis (numerical and graphical), probability and uncertainty, statistical inference. In the second part of the course, we examine statistical model building for the purposes of understanding variability and making forecasts. A detailed development of multiple regression analysis is complemented by some study of time series analysis. The objective is to demonstrate the effectiveness of statistical modeling in guiding managerial decision-making. The statistical analysis of large data sets is an integral part of modern business practice. Accordingly, both spreadsheets and statistical software will be used throughout the course.
Credits: 3
Prerequisites: MSB Students and Business Minors, MATH 035, OPIM 170
Other academic years
There is information about this course number in other academic years:
More information
Look for this course in the schedule of classes.

The academic department web site for this program may provide other details about this course.