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Quantitative Methods

My Distance Learning College

Description

Many business problems cannot be solved without the use of mathematical methods. All businesses collect masses of data during the course of their daily activities. This data must be organized and analyzed in such a way that all of the key decision-making staff can make sense of it.

Data collection requires techniques which are often sophisticated. Collected data must then be analyzed; the business must have some idea of the meaning of their data. The data can be used to diagnose the problems faced by the business.

When business problems have been diagnosed, then a whole range of techniques (many of them mathematical) can be used to help provide solutions to problems. This is why this course is inevitably concerned with the techniques used for problem solving.

But as you will see from the above, the concern does not just end at the use of the technique, it extends back to the collection of the data required by the technique, and the inevitable questions raised about whether the correct methods are being used.

The importance of the above is to prevent you from making the mistake of thinking that QM will merely consist of a set of techniques. Techniques are important, but the reasons why we use them, and the degree of success we can expect from them are much more important.

Overview

Analysis and organization of data acquired during the course of a business's daily activities, using mathematical methods, so that all key decision-making staff can make sense of it and apply it to problem-solving.

Course topics include:

  • BASIC MATHS
  • BUSINESS MATHS
  • DATA PRESENTATION
  • LINEAR PROGRAMMING
  • REGRESSION AND CORRELATION
  • PROBABILITY
  • PROBABILITY DISTRIBUTION
  • INTRODUCTION TO SAMPLING
  • INDEX NUMBERS


Outcomes

Quantitative Methods Diploma

Quantitative Methods Diploma issued by My Distance Learning College, entitling you to use the letters SAC Dip after your name.


Assessment

After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.

course quick facts
course code DED9479
cost $444.00
estimated time to
complete course
162 Hours
course materials
available
365 Days