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Q: 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
A: 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. ]
Expert answered|Sting|Points 578|
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Asked 11/1/2012 6:33:47 AM
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