Business managers in the present scenario have access to large amounts of information. A major issue is how to use the available information to make better decisions. It is from this perspective of informed decision making that this course is designed. The course is intended as a sound introduction to the field of business statistics covering the foundations of statistical reasoning and statistical applications in business. The students will acquire an understanding of both descriptive and inferential statistics. The course mainly deals with the use of statistical concepts in the resolution of managerial decision problems, offers hands-on experience in problem solving and decision support using statistical techniques.
- Faculty: Sumeet Kaur