Quantitative Reasoning for Business
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Quantitative Reasoning for Business
After reviewing the Quantitative Reasoning for Business (QRB) Overview document, I can be broadly categorized as techniques of management science-a field melding portions of economics, financial, accounting and operation and research into a pragmatic effort to help an aid into the decisions making process. As an area of study, these QRB are often identified by giving the fundamentals needed (stepping stones) to apply to each class thereafter.
In solving a problem, I might consider both qualitative and quantitative factors. For example, in term of economics, a variety of quantitative techniques have been developed to forecast future values. Future sales are the most important variable in business forecasts. Unit sales establish levels for...