BUS 54001 - Statistical Modeling And Management Science

Employs mathematical models for business decisions, focusing on optimization using modern tools and spreadsheets. Includes deterministic and stochastic models, inferential statistics, and an independent project on conceptual modeling, formal solution development, and implementation for real-world problem-solving.

Cr. 3.
Notes
You must be admitted to the MBA program or secure approval from the department before enrolling in any graduate-level business or economics course.

Student Learning Outcomes

1. Analyze how business decisions relate to management objectives.
2. Select appropriate conceptual modeling and analytic tools based on the nature of the problem.
3. Transform available data into meaningful inputs for decision making.
4. Demonstrate proficiency in presenting data and using quantitative tools to solve real-world problems.
5. Evaluate the limitations when drawing conclusions from statistics.
6. Contribute in a team environment to analyze a real-world decision.