UGBS 301 — Quantitative Methods

Operations Management & Management Information Systems · University of Ghana

Quantitative methods are mathematical and statistical techniques used by managers to justify the decisions they reach on the basis of logic and hard analysis. A manager can increase decision-making effectiveness by learning more about quantitative methodology and by a better understanding of its contribution to the decision-making process. The course takes the students through the fundamental steps in problem-solving: structuring the problem and then analysing it. Using data associated with the problem, students will develop mathematical expressions that describe the objectives, constraints and other relationships that characterize the problem. The areas covered in this course for the achievement of the course objectives are linear programming, financial mathematics, differential and integral calculus, probability theory and distributions, estimation theory and hypothesis testing, sampling theory, regression analysis, time series analysis and index numbers.

Credits

3

Level

Level 300

Semester

Semester One

Course details from University of Ghana Volume 2 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Humanities (2017).