HOFSTRA UNIVERSITY

FRANK G. ZARB SCHOOL OF BUSINESS

to provide students with a perspective on the integration of the functional areas of business, while maximizing the use of analytical skills

and knowledge for decision making in a contemporary global business environment

 

DEPARTMENT OF BCIS/QM

QM 203 – Advanced Quantitative Analysis for Managers

Graduate Course – Fall 2005

Section A

Tues, 6:00–8:20 P.M. in Breslin 205.

 

Instructor:                 Dr. Lonnie K. Stevans                        Department:              BCIS/QM                      

Office Hours:            Tuesday, 5:00P.M.-6:00P.M.             Chairperson:             Dr. John Affisco

Office:                        WELLER 111                                     Office:                        111 Weller

Phone:                        (516) 463-5375                                   Phone:                        (516) 463-5716                  

Home Phone:             (631) 598-8518

Email:                        acslks@hofstra.edu

 

DESCRIPTION OF COURSE:  Regression modeling, analysis of variance, time series analysis and business forecasting methods and nonparametric methods. Use of statistical packages. 

 

PREREQUISITES OF COURSE:  Statistics for Business Applications Residency Workshop or approved equivalent.

 

REQUIRED TEXT:  “A Second Course in Statistics: Regression Analysis”, Mendenhall and Sincich.  Sixth Edition,

                                                Pearson/Prentice Hall.       

 

REQUIRED SOFTWARE:  Minitab 14 Student Version, http://www.journeyed.com/itemDetail.asp?T1=17821689N

 

COMPUTER PROFICIENCY REQUIRED: Familiarity with the Windows Operating System

 

OUTCOME OBJECTIVES AND METHODS OF ACHIEVING THE OBJECTIVES

The course will provide participants with a comprehensive introduction to linear modeling tools.  Emphasis will be placed on the modeling process, including variable transformations and validation issues, as well as the use and interpretation of the linear model.  All modeling will be undertaken using Minitab software procedures.   

 

ATTENDANCE POLICY

Students are strongly advised to attend every class. Students who miss a class are responsible for all work, handouts and assignments given out, or collected in, that class.  Attendance alone has no impact on final grades. 

 

METHODS OF EVALUATING STUDENT

Final grades are determined in the following way.

 

             Homework                             15%

             Midterm                                 40%

             Final (Project)                        45% 

 

Most of the homework will involve the use of Minitab and must be handed in on time.  Late homework will not be accepted.  All work is expected to be your own.  Cases of plagiarism will be dealt with in accordance with the University disciplinary policy.

 

SCHOOL OF BUSINESS POLICY ON CALCULATORS

Only basic calculators that are capable of doing only simple arithmetic functions will be permitted during examinations.  If students desire to use a calculator during an examination, they are responsible for providing the appropriate model, and it must be removed from its case.

 

SCHOOL OF BUSINESS POLICY ON MAKEUP EXAMINATIONS

To be eligible for a makeup examination, a student must submit to the instructor written documentation of the reason for missing a scheduled examination due to medical problems or death of an immediate family member. The instructor (not the student) determines whether and when a makeup is to be given. If a makeup examination is to be given, the instructor will determine the type of makeup examination. If the student misses (for any reason) the scheduled makeup examination, additional make-ups are not permissible.

 

UNIVERSITY POLICY ON INCOMPLETE GRADES

An Incomplete grade will be given at the discretion of the instructor in a graduate course and only under unusual circumstances. Incomplete work must be completed and submitted to the instructor for a grade by the end of one calendar year from the close of the semester or session in which the course was taken.

 

COURSE OUTLINE

 

 

Topic

Content

Introduction

Chapter 1&2

Conceptual Overview of Statistical Models.  Brief Introduction to Minitab

 

Simple Regression

Chapter 3

The Simple Regression Model

Estimation Inference: t-test

Assessing Fit and Correlation

Prediction and Interpretation

Other Comments

Multiple Regression

Chapter 4

Multiple Regression

Model Fitting Using SAS

Inference: Global F-Test

Interpretation and Prediction

Variable Transformations

Nested Model Testing

 

Midterm

Model Building

Chapter 5

Quantitative Variable Modeling

Qualitative Variable Modeling

Mixed Models

Stepwise Regression

and Some Cautionary

Tales

Chapters 6&7

Overview of Stepwise Methods

Deviation from Assumptions

Parameter Estimability

Multicollinearity

Extrapolation

Residual Analysis

Chapter 8

 

Plotting Residuals

Detecting Heteroscedacity

Checking Normality Assumption

Outlier Detection

Time Series Modeling

Chapter 10

Regression Time series Modeling

Autocorrelation

Logistic Regression

Chapter 9.5 & 9.6 (p.445)

Logistic Regression

 

Review

              

 

Final