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ECF6102 Quantitative Skills for Business

The course, ECF6102 Quantitative Skills for Business will help students develop skills and knowledge that are needed to identify and implement appropriate statistical procedures to assist managers in making effective decisions in times of uncertainty. In order to give managers the capacity to select from a variety of investment strategies, the course first focuses on helping students build an understanding of averages, variability, and probability in addition to the numerous models of data behaviour in business. From this point on, the students are taught the various sampling techniques and gain a comprehension of inferential statistics as well as a respect for estimates of the population parameters through confidence intervals. As a result, the course’s major themes—including the hypothesis testing of means, proportions, variances, and categorical responses—and, ultimately, regression and multiple regression analysis—become clear. These methods are employed to confirm the model's accuracy as well as to estimate and confidently anticipate future business results.

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