Data Analysis for Decision Modeling Syllabus - MBA (PU)
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Course Description
Course Outline
Data Analysis for Decision Modeling consists of topics like Correlation, Regression and Time Series Analysis. After studying these topics students would able to know and work out relationship between variables related to business and can forecast prospective of business world. Linear Programming, Integer Programming and Network Analysis will help them to choose the best alternative in order to maximize total profit and minimize total cost in different business situations.
Course Objective
This course aims to acquaint with major statistical and quantitative tools used in modeling and analysis of business decision involving alternative choices.
Unit Contents
Session Wise Teaching Plan
Session |
Theme |
Reference |
|
1. Correlation Analysis |
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1-2 |
Definition, Methods(Graphical and mathematical method), interpretation and Hypothesis testing of correlation coefficient |
TB1(CH12),TB2(CH12),RB1(CH11) and RB2 (CH14) |
|
2. Regression Analysis(Simple) |
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3-6 |
Definition, Estimating equation, calculation and interpretation of y intercept and slope, Residual, Standard Error of Estimate and its interpretation Confidence Interval and Prediction Interval of estimating equation, Total Variation, explained variation, unexplained variation, coefficient of determination, correlation coefficient, Standard error of regression coefficient, Confidence interval and hypothesis testing of regression coefficient |
TB1(CH12),TB2(CH12),RB1(CH11) and RB2 (CH14) |
|
3. Multiple Regression Analysis |
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7-11 |
Definition and Reasons for using multiple regression equation, Estimating multiple regression equation (2 independent variables), Confidence Interval and Prediction Interval of estimating equation and regression coefficient, Curvilinear regression equation, Residual Analysis and Autocorrelation, Durbin Watson Statistic, Dummy variable, Multicollinearity, Step wise regression and Analysis of SPSS output |
TB1(CH13),TB2(CH13),RB1(CH12) and RB2 (CH15) |
|
4. Time Series Analysis |
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12-15 |
Components of time series analysis( Trend, Cyclical, Seasonal, Irregular), Trend analysis , moving average method, least square method, Error, TAD, MAD, MAPE, MSE, Cyclical Variation, Business cycle, Percent of trend, Relative cyclical residual, Seasonal Variation, Calculation of seasonal indices, Deseasonalization and Exponential Smoothing |
TB1(CH16),TB2(CH15),RB1(CH14) and RB2 (CH18) |
|
5. Linear Programming |
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16-22 |
Introduction, Decision variable, objective function, constraints, Model formulation for Linear Programming including Short Term Financing, Graphical solution , Determination of OV, active constraints, inactive constraints, slack, surplus, Alternative optimum solution for Linear Programming Problem, Sensitivity Analysis, Primal, Dual and Analysis of LINDO output |
TB3(CH2,CH3,CH4 & CH5), RB3(CH2&CH4),RB4(CH2 & CH4) and RB5 (CH8) |
|
6. Integer Programming |
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23 |
Model formulation |
TB3(CH8),RB3(CH9), RB4(CH7) and RB5 (CH13) |
|
7. Network Analysis |
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24-26 |
Activities, events, network diagram, Critical path, Critical activities, CPM, PERT, Crashing and model formulation |
RB3(CH6),RB4(CH12) and RB5 (CH12) |
Text and Reference Books
Books
TB1 |
i. Business Statistics A First Course (Fifth Edition): David M. Levine, Timothy C. Krehbiel, Mark L. Berenson and P.k Viswanathan |
TB2 |
ii. Statistics for Management: Richard I. Levin and David S. Rubin |
TB3 |
iii. Introductory Management Science: G.D Eppen, F.J Gould and C.P Schmidt |
RB1 |
iv. Practical Business Statistics: Andrew F. Siegel |
RB2 |
v. Statistics for Business and Economics (India Edition): David R. Anderson, Dennis J. Sweeney and Thomas A. Williams |
RB3 |
vi. Operation Research: Hamady A. Taha |
RB4 |
vii. Quantitative Techniques in Management: N.D Vohra |
RB5 |
viii. Quantitative Approaches to Management: Richard I. Levin, David S. Rubin, Joel P. Stinson and Everette |
Activities
- SPSS Training:
Students will be taken to lab during the trimester to show how they can use SPSS program in order to analyze raw data.
- Assignments:
Students will be given assignments after completion of each chapter.
- Project: Students will be given a project after completion of multiple regression analysis. They have to collect data and analyze it through multiple regressions using SPSS.
- Case Analysis:
Students will be given a case for analysis after completion of multiple regression analysis.
- Article Review:
Students will be given an article for review after completion of simple regression analysis.
Evaluation System
Following is the breakup of the internal assessment for this course. As per the rule of Pokhara University, internal assessment has been given 60 percent weight in the final grading. The weight is distributed as follows:
Evaluation Method |
Weight |
Marks |
1. Class Performance, Behavior and Attendance |
10% |
6 |
2. Case Analysis |
10% |
6 |
3. Assignments |
10% |
6 |
4. Project Work |
15% |
9 |
5. Article Review |
10% |
6 |
6. Mid-Term Examination |
35% |
21 |
7. Quiz |
10% |
6 |
Total |
100% |
60 |
- Short Name N/A
- Course code STT 502
- Semester Second Trimester
- Full Marks 100
- Pass Marks 60
- Credit 2 hrs
- Elective/Compulsary Compulsary