Unit 5: Quantitative Techniques for Business
Produce forecasts based on formalised procedures
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This unit develops the students' ability to deal with numerical and quantitative issues found in business. The student will be able to use statistical, graphical and algebraic techniques to address business problems using appropriate IT software where relevant. The reliable evaluation of numerical results, with and without the use of IT. will enable effective decisions to be made.
- Time series analysis
Moving averages, centred trend, seasonal variations Seasonally adjusted data using additive & multiplicative model
- Correlation
Scatter graphs
- Regression analysis
Derivation of regression equation
- Forecasting & assessing reliability
Using time series analysis and regression.
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HNC/HND Business Core Unit
5: Quantitative Techniques for Business : Study Text (2000) - Buy
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Part of the HNC/HND business series, this text on quantitative techniques
features a blend of topic coverage and practice opportunities with
BTEC guidelines, key definitions, timed activities and assignments,
and topics for class discussion. It is suitable for both classroom
and individual study. Buy
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