22815 Business Decisions and Models

This subject introduces students to quantitative techniques for forecasting, planning and analysing business operations, using accounting and financial management measurement and analytical tools. Statistical data analysis and business modelling techniques are applied to generate forecasts of future business operations to provide quantitative information support for management decision making. The consideration of internal organisational and external environmental factors with regard to the revenue streams and the impact of economic indicators on business activity are also considered. Data analysis and conversion to information products, utilising information technology productivity tools, are applied to practical 'real-life' situations confronting managers.