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Statistics 5802

Introduction to. Statistics 5802. 1976. Cost of Living 1976 Year End Close Dow Jones Industrial Average 1004 Average Cost of new house $43,400.00 Average Income per year $16,000.00 Average Monthly Rent $220.00 Cost of a gallon of Gas 59 cents Polaroid Camera Camera History $28.00 .

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Statistics 5802

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  1. Introduction to Statistics 5802

  2. 1976 Cost of Living 1976 Year End Close Dow Jones Industrial Average 1004 Average Cost of new house $43,400.00 Average Income per year $16,000.00 Average Monthly Rent $220.00 Cost of a gallon of Gas 59 cents Polaroid Camera Camera History $28.00

  3. 1976 Technology Concorde operated by Britain and France enters service cuts transatlantic flying time to 3 1/2 hours Apple Computer Company is formed by Steve Jobs and Steve Wozniak First laser printer introduced by IBM - the IBM 3800

  4. X

  5. No communication between students and professors prior to first day of class!

  6. EMBA - 1996 Year End Close Dow Jones Industrial Average 6448 Average Cost of new house $118,200Average Income per year $36,300 Average Monthly Rent $554Cost of a gallon of Gas $1.22 Average cost of new car $16,300

  7. DVD's Launched in Japan In 12 months number of Internet host computers goes from 1 million to 10 million Windows NT 4.0 released by Microsoft Internet Explorer 3 web browser released Ebaystarted the online auction and shopping website, where people buy and sell goods and services worldwide.

  8. Getting started in the EMBA • Cohort • Showed up in Fall • Distributed materials and diskettes/CDs • Gave introduction in strategy class • Introduction included work due BEFORE the first day of class!!

  9. EMBA Today • Introduction via PowerPoint • No need to interrupt strategy, statistics or accounting

  10. Agenda • Course and Syllabus Overview • Objective • Software • Projects • First Homework Assignment!!

  11. Statistics

  12. Capital Budgeting Location Brand Loyalty Scheduling Product Mix Workforce training Price Guarantees Bidding Public Services Portfolio Selection Diets Inventory Media selection Enrollment Management Resource allocation

  13. The Textbook • Quantitative Analysis for Management, 10th edition by Render, Stair and Hanna, Prentice-Hall, 2009 • Note: The text should be treated as a supplement. I will present the bulk of the material in class. You can skim the chapters in the text prior to class paying attention to the modeling aspects but for the most part ignoring the computational aspects.

  14. Course Requirements • Individual Interfaces paper and presentation (10%) • Individual forecasting project (20%) • Linear programming interpretations • Individual (10%) • Team (10%) • Team decision tree analysis(7.5%) • Team, (in class), simulation project (7.5%) • Team take-home examination (15%) • In-class, individual, examination (20%)

  15. Workload

  16. Homework • Assignment • Emailed to listserv • Blackboard Announcement • http://astro.temple.edu/~hweiss/emba/prepForStat5802OverBreak.doc Homework is due no later than Jan 9

  17. Homework 1 of 5QM for Windows • Install POM-QM for Windows, V4 from http://astro.temple.edu/~hweiss/emba/software/ Try solving a linear regression from your Statistics 5801 class using POM-QM for Windows . (The module for regression is forecasting) Help has tutorials and a manual

  18. Homework 2 of 5Excel QM • Install Excel QM from http://astro.temple.edu/~hweiss/emba/software/ • Security in Excel must be set properly for the add-in to work • Try solving a linear regression from your Stat class using Excel QM . (The module for regression is forecasting)

  19. Homework 3 of 5Excel’s Solver • Excel 2007 • Go to the Data Tab and make certain that Solver is one of the items. If it is not, then go to Microsoft Office Button, Excel Options, Addins and check the Solver box.

  20. Homework 4 of 5Interfaces • Select the article that you would like to write about. See the syllabus for instructions about exactly what needs to be written. I suggest that you use the search feature and search for a keyword that interests you. For example, you might search for articles about the industry in which you work. • Email me the information on the article no later than January 9. • Title • Authors • Volume • Number • Keywords

  21. Homework 5 of 5Forecasting Project Data Set • Time series • A sequence of observations of a single measurement (e.g., sales) over time. • Seasons • Quarters • Months • Days of week • Hours of days • Four complete cycles • 16 (4 * 4) quarters • 48 (4 * 12) months of data • 20 (4 * 5) or 28 (4 * 7) days of data • 96 (4 * 24) hours of data • We will use this data set on the first weekend of class

  22. Questions • If you have any problems or questions with any of this assignment then be sure to contact me. • hweiss@temple.edu

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