Quantitative Methods At University Of Ghana

Quantitative Methods At University Of Ghana

Quantitative methods are mathematical and statistical techniques used by managers to justify the
decisions they reach on the basis of logic and hard analysis. A manager can increase decisionmaking
effectiveness by learning more about quantitative methodology and by a better
understanding of its contribution to the decision-making process. The course takes the students
through the fundamental steps in problem-solving: structuring the problem and then analysing it.
Using data associated with the problem, students will develop mathematical expressions that
describe the objectives, constraints and other relationships that characterize the problem. The areas
covered in this course for the achievement of the course objectives are linear programming,
financial mathematics, differential and integral calculus, probability theory and distributions,
estimation theory and hypothesis testing, sampling theory, regression analysis, time series analysis
and index numbers.