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Quantitative Methods of Management

Course Code :1301TEWKWM
Study domain:Statistics
Academic year:2019-2020
Semester:1st semester
Sequentiality:The student must have obtained a credit for the following courses:

- 'Wiskunde met (bedrijfs)econ. toep.'

- 'Statistiek met (bedrijfs)econ. toep. 1 & 2'
Contact hours:75
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 1st semester
Lecturer(s)Heidi Arnouts

3. Course contents *

The course consists of three parts. Part I extends and generalises the statistical concepts and techniques acquired in the first year. Attention is paid to association measures and tests (including the distinction between association and causality), bivariate regression, and the estimation and testing of parameters in a multivariate context. Part II is an introduction to econometric methods. The multiple regression model, which is introduced as a natural extension to the bivariate model, is further expanded towards models with categorical variables, autocorrelation, heteroscedasticity and instrumental variables. Part III provides an introduction to the (remaining) multivariate methods: variance analysis, classification techniques (discriminant analysis and logistic regression) and data reduction techniques (factor analysis and cluster analysis). All the techniques discussed in the course are illustrated by means of applications in (business) economics. The course involves the use of the statistical software package SAS.