Quantitative Methods 1

The statistical portion of the course enables students to use various types of graphics to present information. Students are also introduced to basic measures of central tendencies and dispersions for both sample and population. Students are able to use these basic statistical measures to make reasonable business decisions. Students are also able to use time-series and simple linear regression knowledge to perform short term forecasting using a statistical package as a tool. They are also able to use the consumer price index to find the purchasing power of a dollar and 'real' wages. Students are able to use knowledge of basic mathematical functions to describe business relationships and build models. They are able to apply knowledge of linear and quadratic functions and contrained optimization to practical business situations. Students are able to apply linear programming techniques to business applications. This course is offered through OntarioLearn by the host college, Algonquin college.