Which of the following quantitative method is not used by managers to take decision :-
(a) Linear programming
b) Time series
c) Regression analysis
d) Hypothesis testing
d) Hypothesis testing (quantitative method is not used by managers to take decision).
In quantitative decision-making problems, different kinds of formal mathematical and other types of models have been implemented. [ All organizations in business use many quantitative methodologies, including network analysis, forecasting (regression, path analysis, and time series), cost-benefit analysis,
optimization (linear programming, assignment, and transportation), sensitivity analysis, significance testing, simulation, benchmarking, and total quality management.
There are no new answers.