Introduction to Quantitative Methods

This module is intended to provide learners with an introduction to basic mathematical and standard statistical techniques. No previous knowledge of the material is assumed. An emphasis throughout will be on applications in business-related contexts.

1. apply mathematical functions and processes in the solving of business problems;

2. calculate and interpret appropriate statistical measures, including mean, mode, median, range and standard deviation;

3. calculate probabilities and expectations associated with standard probability distributions;

4. examine hypotheses using inferential statistical techniques based on probability distributions;

5. carry out basic regression-correlation analysis and interpret the results;

6. use time-series analysis as a basis for forecasting.