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Introduction to Quantitative Methods
The growing complexity and volatility of
the business environment has made decision making very difficult.
Decision-makers can no longer afford to make decisions that are based solely
on their experience and observation. Decisions need to be based on data that
show relationships, indicate trends, and show rates of change in the
relevant variables. “Through and through the world is infested with quantity: To talk sense is to talk quantities. It is no use saying the nation is large... How large? It is no use saying radium is scarce... How scarce? You cannot evade quantity. You may fly to poetry and music, and quantity and number will face you in your rhythms and your octaves.” From The World of Mathematics, J. R. Newman (ed.), New York: Simon and Schuster, 1956.
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