Decision Analysis
Textbook reading and reference: Hiller and Hiller, Chapter 9
BUS B272F Unit 4
Decision Analysis
2
Introduction to Decision Analysis
Managers often must make decisions in environments that are fraught
with uncertainty.
Some Examples
A
Linear Regression
Textbook reading and reference:
Keller, Chapter 16
BUS B272F Unit 1
ANOVA and Linear Regression
2
Sample Problem
Forecast house price models for Hong Kong (Xin and Lam, 2012)
Quarterly time series data are used for analysis and construct
Multiple Regression
Textbook reading and reference:
Keller, Chapter 17
BUS B272F Unit 1
ANOVA and Linear Regression
2
Introduction
Extension of the simple linear regression model to allow
for any fixed number of independent variables. That is,
the number
Analysis of Variance
(ANOVA)
Textbook reading and reference:
Keller, Chapter 14 (Sections 14.1 14.3)
BUS B272F Unit 1
ANOVA and Linear Regression
2
Sample Problem
A manufacturer has three
Machine1 Machine2
filling machines for filling
25.40
23.40
bottles.