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This module will enable the students to understand and apply various quantitative methods for efficient decision making in different organizational scenarios.
At the end of this module, students should be able:
- To apply hypothesis testing, regression and correlation analysis, multiple regression and business/economic forecasting.
- To understand different quantitative methods and their utility in optimizing decisions in certainty and uncertainty situations.
- To apply the quantitative methods practically in decision making.
- To interpret output from quantitative techniques and tools applied in the process of decision making.
- To apply the quantitative techniques in finding practical solutions to the business problems.
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