This course is about the descriptive tools and approaches used in quantitative methods in business. The course is aimed at anyone of the following groups.
Bachelor's taking course on ‘Quantitative Methods’ or ‘Quantitative Methods in Business’ (200 to 300 level courses);
Professional examinations offering similar courses in Quantitative Methods, including CIMA BA1 and CFA Level 1;
Business managers; and
Anyone interested in learning Quantitative Methods
The descriptive tools and approaches covered in this course are absolutely essential for anyone pursuing further studies in quantitative methods and students will gain a good understanding of these concepts and their application in a business context. These descriptive tools and approaches taught in this course are also of value to business managers as these are often used in day-to-day business decision making.
Furthermore, the descriptive tools and approaches are explained using Excel/Spreadsheets, and therefore this course is of much practical value to students and business managers alike.
The courses cover the following topics:
Section 1 - Introduction to quantitative methods
What is quantitative data?
Quantitative methods and business decision making
Presentation of quantitative data
Section 2 - Descriptive tool and approaches
- Diagrams
Frequency distribution and grouped data
Bar charts and pie charts
Historgram and ogive
(Section 1 & 2 relevant for CIMA BA1 - C. Informational Context of Business (Learning Outcome 1)
Section 3 - Measure of location
Mean for ungrouped and grouped data
Median for ungrouped and grouped data
Mode for ungrouped and grouped data
Comparison of mean, median and mode
Section 4 - Measure of spread
Range
Inter-quartile range for ungrouped and grouped data
Mean absolute deviation for ungrouped and grouped data
Variance and standard deviation for ungrouped and grouped data
Skewness
(Section 3 & 4 relevant for CFA Level 1 Quantitative Methods - Descriptive Statistics)
The lecture videos include a comprehensive explanation of the concepts and calculation of the descriptive tools and approaches using Excel for business examples. In addition, students taking this course will receive downloadable power point presentations of the topics covered.