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Management Science

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MGTSC312 Probability and Statistics for Business Course Page

Description: This course deals with model building, multiple regression analysis, and related methods useful in a business environment. Microcomputer software will be utilized throughout the course, with necessary computing skills being taught as the course proceeds. However, students are expected to already possess some basic familiarity with microcomputer applications. Prerequisite: STAT 151 or SCI 151. Credit will be granted for only one of MGTSC 312 and STAT 252.

MGTSC405 Forecasting for Planners and Managers Course Page

Description: This course is concerned with methods used to predict the uncertain nature of business trends in an effort to help managers make better decisions and plans. Such efforts often involve the study of historical data and manipulation of these data to search for patterns that can be effectively extrapolated to produce forecasts. This is a business statistics course that covers all aspects of business forecasting where the emphasis is on intuitive concepts and applications. Topics covered include the family of exponential smoothing methods, decomposition methods, dynamic regression methods, Box-Jenkins methods and judgmental forecasting methods (e.g. the Delphi method). Because forecasting is best taught through practice, the course contains numerous real, relevant, business oriented case studies and examples that students can use to practice the application of concepts. Prerequisites: MGTSC 312, MGTSC 352 or OM 352.

MGTSC455 Quality Management Course Page

Description: The objective of the course is to study and understand process and product variation, interactions among product and process variables, and ultimately to take action to reduce variation. The topics covered include statistical process control, design of experiment, factorial design, Taguchi's methods and cases, and applications of quality control in management. Prerequisites: MGTSC 312, ECON 101 or equivalents.

MGTSC458 Assessing National Economies Course Page

Description: This course covers the statistics now commonly used by businesses, governments, labour and other collective bargaining units, social action groups, legal professionals, and the media to assess the performance of nations over time and in comparison with each other. This course helps students improve their skills for finding, obtaining, and using relevant raw data and statistics for assessing nations. Students also find, read and use studies of others that make use of data and statistics to assess the performance of nations. Prerequisite: MGTSC 312. Pre or corequisite: ECON 101.

MGTSC488 Selected Topics in Management Science Course Page

Description: Normally restricted to third- and fourth- year Business students. Prerequisites: MGTSC 312 or consent of Department. Additional prerequisites may be required.

MGTSC495 Individual Research Project I Course Page

Description: Special study for advanced undergraduates. Prerequisites: consent of Instructor and Assistant Dean, Undergraduate Program.

MGTSC496 Individual Research Project II Course Page

Description: Special Study for advanced undergraduates. Prerequisites: MGTSC 495, consent of the Instructor and Assistant Dean, Undergraduate Program.

MGTSC497 Individual Research Project III Course Page

Description: Special Study for advanced undergraduates. Prerequisites: MGTSC 496, consent of the Instructor and Assistant Dean, Undergraduate Program.

MGTSC501 Data Analysis and Decision Making Course Page

Description: This course begins with a survey of graphical and numerical techniques available for studying and describing data. Following an introduction to probability distributions, an overview of statistical inference for means and proportions is provided. Regression, analysis of variance and decision analysis are then utilized to analyze data and support decision making. Time series models are also briefly discussed. The data and decisions analyzed throughout the course will be representative of those commonly encountered by managers. During the required lab sessions, spreadsheet analysis of data, Monte Carlo simulation and the use of software for statistical analysis will be presented. Not open to students who have completed MGTSC 511 and MGTSC 521.

MGTSC655 Quality Management Course Page

Description: The objective of the course is to study and understand process and product variation, interactions among product and process variables and ultimately to take action to reduce variation. The topics covered include statistical process control, design of experiment, factorial design, Taguchi's methods and cases and applications of quality control in management. Prerequisite: MGTSC 501 or 521.

MGTSC686 Selected Topics in Management Science Course Page

Description: Topics may vary from year to year. Students should check with the MBA Office for pre/corequisites of specific sections.

MGTSC705 Multivariate Data Analysis I Course Page

Description: An overview of multivariate data analysis normally taken by students in the first year of the Business PhD program. Designed to bring students to the point where they are comfortable with commonly used data analysis techniques available in most statistical software packages. Students are expected to complete exercises in data analysis and in solving proofs of the major results. Topics will include univariate analysis, bivariate analysis, multiple linear regression, and analysis of variance. It is expected that students have as background at least one semester of calculus, one semester of linear algebra, and two semesters introduction to probability, probability distributions and statistical inference. Prerequisite: Registration in Business PhD Program or written permission of instructor. Approval of the Business PhD Program Director is also required for non-PhD students.

MGTSC707 Applied Business Analysis of Time Series and Panel Data Course Page

Description: This course is organized into two parts. Part I covers univariate and multivariate time domain models of stationary and nonstationary time series. Topics covered include univariate time series models, unit root tests, time series regression modeling, systems of regression equations, vector autoregressive models for multivariate time series and cointegration. In Part II the course introduces the issues and opportunities that arise with panel data and the main statistical techniques used for its analysis. Topics covered include fixed-effects models, random-effects models, dynamic models and limited dependent variable models. Throughout the course, the emphasis will be on how to use S-plus and Stata to estimate panel data and time series models. There is relatively less emphasis on statistical theory. Evaluation in the course is based on home work assignments and a term project. Prerequisite: MGTSC 705 or equivalent.

MGTSC820 Data Analysis and Modeling Course Page

Description: Developing the ability to collect information and to use information technology to analyze statistically and draw conclusions; developing computer skills and understanding research methods. Restricted to Executive MBA students only.