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Foundations of O.R: Statistical Methods In O.R.: Descriptive Statistics, Sampling And Regression (London)

 
         
  Ref. 416  
  Maureen Meadows
  25 February 2016, London
  £575 + VAT Members
  £625 + VAT Non-members
         

 

   
   Foundation NA
   Descriptive
   Predictive
   Prescriptive
 


GORS London Courses

The purpose of the series of ‘Foundations of O.R.’ courses is to help practitioners to understand the role of Operational Research in management; understand the requirements for successful Operational Research interventions; have knowledge of a range of Operational Research techniques; be able to identify the suitability of a technique for a problem situation and be able to apply those techniques.

Civil Servants / Members of the Government O.R. Service need to book these courses through the Civil Service Learning portal. (Go to http://bit.ly/1PrGBSB)

Foundations of O.R: Statistical Methods In O.R.: Descriptive Statistics, Sampling And Regression

The purpose of this day is to build or refresh the statistical skills of participants, with a particular focus on sampling and regression analysis.  During the day, after the relevant modelling approaches have been introduced, participants will work on “real world” case studies where the theoretical concepts can be applied, and their interpretation discussed via group work. 

The objectives for the day are to:

  • Know what the Normal Distribution is, and how to apply it to “real world” situations such as quality control problems and sampling decisions
  • Address some common questions that arise in practice when working with sample data
  • Consider the sampling distribution for sample means and percentages
  • Understand the assumptions behind basic sampling theory, and suggest what to do when they are not met
  • Know what regression analysis is and when it might be applied; gain an appreciation of the assumptions underlying regression analysis
  • Know how to undertake regression analysis using appropriate software and to avoid common pitfalls in its application.

The topics covered during the day are:

  • Normal Distribution
  • Sampling
  • Regression analysis

PRE-READING FOR THIS COURSE: Participants should familiarise themselved with the two case studies, Amore Frozen Foods and Waite First Securities.

Timetable:

09.00 - 10.30   An Introduction to the Normal Distribution, and Sampling

10.30 - 11.00   Break

11.00 - 13.00   Exercise: ‘Amore Frozen Foods’ Case Study

13.00 - 14.00   Lunch

14.00 - 15.00   An Introduction to Correlation and Regression

15.00 - 15.30   Break

15.30 - 17.00   Exercise: “Waite First Securities” Case Study

Course Tutor

Maureen Meadows is a Senior Lecturer in Management, and Head of the Department for Strategy and Marketing at the Open University Business School, as well as an Associate Fellow at Warwick Business School. Prior posts include a lectureship in Operational Research at Warwick Business School, and roles in operational research and marketing strategy (including market segmentation and delivery strategy) at National Westminster Bank. She holds a B. A. (Hons) in Mathematics from the University of Oxford, and an MSc Management Science and Operational Research from the University of Warwick.  Her research interests include market segmentation and relationship marketing in the personal financial services sector, and the use of methods and tools such as visioning and scenario planning to support strategy development. Maureen chairs the Special Interest Group in strategy at the British Academy of Management (BAM), and is a member of BAM Council.

If you are interested in further information, have any requirements (e.g. an alternative course date), or have difficulty booking a course online then please contact Jennie Phelps. It is recommended that courses are booked online. If this is not possible, then please print off, fill and fax or post the Training Course Booking Form.

 
Jennie Phelps   Address:  The OR Society, Seymour House, 12 Edward Street, Birmingham, B1 2RX, UK
  Tel: +44 (0)121 233 9300
  Fax: +44 (0)121 233 0321
  Email: jennie.phelps@theorsociety.com