TEXILA AMERICAN UNIVERSITY

QUANTITATIVE TECHNIQUES FOR MANAGEMENT

COURSE DESCRIPTION
This course aims to help the students to develop the expertise needed for decision making in
today's technological era. It enhanced the decision making ability of the researcher, after
having good understanding of various statistical tools required in research and management.
The main topic includes Descriptive Statistics, Inferential Statistics, Probability and Probability
Distribution, Time series and Forecasting.

COURSE OBJECTIVES
At the end of the course the student will be able to:

 Identify and diagnose the problems.

 Apply the appropriate quantitative techniques for solving problems.

 Apply various quantitative models in research.

 Interpret results obtained by the application of various tools.

 Decide the appropriate course of action based on the quantitative analysis performed.

Module 1: INTRODUCTION TO STATISTICS

1.1 Meaning, Need and Purpose of Statistics
1.2 Application of Statistics in Management
1.3 Limitations and Misuse of Statistics.

Learning Outcome
 Understanding the meaning, need and purpose of Statistics.
 Understanding the application of Statistics in Management.
 Understanding the limitations and misuse of Statistics.
Module 2: COLLECTION OF DATA
2.1 Primary and Secondary Data

2.2 Methods of Data Collection

2.3 Editing and Coding

Learning Outcome
 Understanding the difference between primary and secondary data
 Learning the various methods of data collection
 Learning editing and coding of the data.

Module 3: TABULATION AND GRAPHICAL REPRESENTATION OF DATA

3.1 Tabulation of data
3.2 Graphical representation of data
3.3 Diagrammatic Presentation of data

Learning Outcome
 Understanding tabulation of raw data
 Learning the graphical representation of data.
 Learning the diagrammatic presentation of data.

Module 4: DESCRIPTIVE STATISTCS

4.1 Measure of Central Tendency
4.2 Measure of Dispersion
4.3 Measure of Skewness and Kurtosis.

Learning Outcome
 Understand the difference between various tools of descriptive statistics.
 Learning the tools of descriptive statistics
 Knowing the situation of application of various tools

Module 5: CORRELATION AND REGRESSION ANALYSIS

5.1 Correlation Analysis
5.2 Regression Analysis
5.3 Relationship between correlation and regression and their applications

Learning Outcome
 Learning the application of correlation
 Learning the application of regression
 Understanding the relationship between correlation and regression.

Module 6: PROBABILITY
6.1 Fundamentals of Probability
6.2 Definitions of the Probability
6.3 Bayes’ Theorem

Learning Outcome
 Understanding the fundamentals of probability
 Understanding the probability axioms
 Learning application of Bayes’ theorem

Module 7: PROBABILITY DISTRIBUTION

7.1 Basics of Probability distribution
7.2 Discrete Probability distribution
(Binomial, Poisson)
7.3 Continuous Probability distribution (Normal)

Learning Outcome
 Learning basics of Probability distribution
 Understanding the difference between discrete and continuous probability distribution
 Understanding the application of various probability distributions.

Module 8: ESTIMATION
8.1 Introduction and types of Estimation
8.2 Point and Interval Estimates
8.3 Determining the Sample Size
Learning Outcome
 Understanding the difference between point and interval estimation
 Learning the criteria of a good estimator.
 Learning to determine the sample size in estimation

Module 9: TESTING OF HYPOTHESES

9.1 Basics of Testing of Hypotheses
9.2 Hypothesis testing of large sample
9.3 Hypothesis testing of a small sample

Learning Outcome
 Understanding the concept of testing of hypotheses.
 Learning the testing of hypothesis for large sample and small sample
 Understanding situations of applications of various tests.

Module 10: NON PARAMETRIC TEST

10.1 Assumption for Non-Parametric test
10.2 Chi-square test
1.03 Other Non-Parametric test

Learning Outcome
 Understanding the assumption for non-parametric test
 Learning the various applications of chi-square test.
 Understanding the applications of various other non-parametric tests

Module 11: ANALYSIS OF VARIANCE (ANOVA)

11.1 Basics of ANOVA
11.2 One way classification
11.3 Two way classification

Learning Outcome
 Learning the assumptions of ANOVA
 Learning how to calculate ANOVA
 Understanding the concept of one and two way ANOVA

Module 12: TIME SERIES ANALYSIS AND FORECASTING

12.1 Introduction of Time Series
Analysis
12.2 Components of Time Series
Analysis
12.3 Forecasting

Learning Outcome
 Understanding the concept of time series analysis
 Understanding the concept of forecasting
 Learning the various techniques of time series analysis and forcasting.

RESOURCES

RECOMMENDED BOOK RESOURCES

1. Render, B., Stair Jr., R.M. & Hanna, M.E. (2003). Quantitative Analysis for
Management. (10th. Ed.). Prentice Hall.

SUPPLEMENTARY BOOK RESOURCES

1. Douglas A. Lind, William G. Marchal, and Samuel A. Wathen (2005) Statistical

Techniques in Business and Economics,(12th Ed.). McGraw-Hill
2. Beri, G. C. Business Statistics; Tata McGraw Hill Education Private Limited
3. Cooper, D.R.; Business Research Methods; Tata McGraw Hill Education Private
Limited
4. Sharma, J.K; Business Statistics; Pearson Publications.