Quantitative Techniques For Business By Sri. Vineethan
Download Quantitative Techniques For Business By Sri. Vineethan book free online – from Quantitative Techniques For Business By Sri. Vineethan book; This book covers the following topics: Quantitative Techniques, Correlation Analysis, Regression Analysis, Theory Of Probability, Probability Distribution, Binomial Distribution, Poisson Distribution, Normal Distribution, Testing Of Hypothesis, Non-parametric Tests, Analysis Of Variance.
Quantitative techniques may be defined as those techniques which provide the decision makes a systematic and powerful means of analysis, based on quantitative data. It is a scientific method employed for problem solving and decision making by the management. With the help of quantitative techniques, the decision maker is able to explore policies for attaining the
predetermined objectives. In short, quantitative techniques are inevitable in decision-making process.
A technique in which quantitative data are used along with the principles of mathematics is known as mathematical quantitative techniques. Quantitative Techniques For Business By Sri. Vineethan
The data concerned with two variables are called bivariate data. For example: rainfall and agriculture; income and consumption; price and demand; height and weight etc. The analysis of these two sets of data is called bivariate analysis.
The date concerned with three or more variables are called multivariate date. For example: agricultural production is influenced by rainfall, quality of soil, fertilizer etc. The statistical technique which can be used to study the relationship between two or more variables is called correlation analysis.
When the variables are varying in the same direction, it is called positive correlation. In other words, if an increase in the value of one variable is accompanied by an increase in the value of other variable or if a decrease in the value of one variable is accompanied by a decree se in the value of other variable, it is called positive correlation.
Boddington states that “Whenever some definite connection exists between two or more groups or classes of series of data, there is said to be correlation.” Quantitative Techniques For Business By Sri. Vineethan