MBA 625

This course explores techniques and methods to translate statistical output correctly to aid evidence-based business decision-making. This course helps students, with or without a statistics background, to evaluate problems in a structured manner and equips them with tools to better analyze uncertainties that pervade and complicate business processes. Moreover, students learn statistical ideas applicable to managers by covering two basic themes: first, recognizing and describing variations present in business environments, and second, modeling and making decisions in the presence of these variations. (Formerly MBA 625 Statistical Decision Making)