Description

Statistics and basic mathematics skills play an important role in understanding key functions within and external to the company. Therefore, an understanding of these topics is important for managers. The purpose of this course is to give the user a broad overview of the basic math and statistics necessary for business and to introduce the most popular forms of forecasting techniques. Chapter 1 reviews basic math and introduces business topics such as contribution margin and breakeven. Chapter 2 discusses forecasting and introduces simple averages, moving and weighted averages. Chapter 3 covers regression analysis. Chapter 4 introduces probability concepts. Chapter 5 covers decision analysis and decision modelling. Each chapter concludes with a self-assessment quiz, and the course concludes with a Final Exam.