WARNING:
JavaScript is turned OFF. None of the links on this concept map will
work until it is reactivated.
If you need help turning JavaScript On, click here.
This Concept Map, created with IHMC CmapTools, has information related to: MDM_Introduction, A Model is quantitatively described using Mathematical representations, Mathematical representations lead ultimately to a Course of action, Certainty e.g. Linear programming, Business/economics Problems are analyzed with Mathematical representations, Business/economics Data are used in Mathematical representations, Quantitative analysis could be carried out under conditions of Certainty, Business/economics Data are utilized in the Estimation of parameters, Mathematical representations involves Quantitative analysis, Mathematical representations can model Certainty, Descriptive statistics provide information useful for Forecasting, Inferential statistics provide information useful for Forecasting, Estimation of parameters can be carried out using Time series models, Business/economics Problems can be analyzed through A Model, Time series models provide information useful for Forecasting, Certainty e.g Inventory models, Managerial Decision Making is A Systematic Process, Estimation of parameters can be carried out using Regression models, Forecasting allows decision makers to take a Course of action, Time series data can be Cross sectional data, Business/economics Data can be summarized using Descriptive statistics