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MAT 2201;Advanced Quantitative Methods course outline
| Institution | Strathmore university |
| Course | Bachelor of financia... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Michael Paul |
| File Type | |
| Pages | 4 Pages |
| File Size | 286.79 KB |
| Views | 4174 |
| Downloads | 0 |
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Description
The purpose of this course outline is to equip the students with techniques of operations research and resources management and their applications in decision making in the management.
Below is the document preview.
DISASTER MANAGEMENT
A disaster happens when a hazard impacts on the vulnerable population and causes
damage, casualties and disruption. Any hazard flood, earthquake or cyclone which
is a triggering event along with greater vulnerability (inadequate access to resources,
sick and old people, lack of awareness etc) would lead to disaster causing greater
loss to life and property.
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Multicollinearity
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A basic assumption is multiple linear regression model is that the rank of the matrix of observations on explanatory variables is the same as the number of explanatory variables. In other words, such a matrix is of full column rank. This, in turn, implies that all the explanatory variables are independent, i.e., there is no linear relationship among the explanatory variables. It is termed that the explanatory variables are
orthogonal.
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Communication and Collaboration
For the purpose of this course, communication and collaboration shall be discussed in the context of using digital technologies to communicate and collaborate.
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CO-OPERATIVE PHILOSOPHY AND MANAGEMENT
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Co-operation simply means working together for a common purpose. This is a joint effort to help one another so as to accomplish certain tasks that would benefit members of the group.
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