All trademarks used herein are the property of their respective owners. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without either the prior written permission of the publisher or a licence permitting restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies throughout the world Visit us on the World Wide Web at: First published 1993 Second edition published under the Addison-Wesley imprint 1997 Third edition 2001 Fourth edition 2008 Fifth edition published 2011 © Pearson Education Limited 1997, 2001 © Donald Waters 2008, 2011 The right of Donald Waters to be identified as author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. To find out more about the complete range of our publishing please visit us on the World Wide Web at: Quantitative Methods for Business FIFTH EDITION Under a range of well-known imprints, including Financial Times Prentice Hall, we craft high quality print and electronic publications which help readers to understand and apply their content, whether studying or at work. We work with leading authors to develop the strongest educational materials in business, bringing cutting-edge thinking and best learning practice to a global market. Reviews of important material Data sets for problems, examples and cases in the book Spreadsheet templates for calculations Additional material to extend the coverage of key topics Proofs and derivations of formulae Answers to problems Additional worked examples and case studies A list of useful websites Quantitative Methods for Business Visit the Quantitative Methods for Business, Fifth Edition companion website at to find valuable student learning material including: n n Quantitative Methods for Business Donald Waters He was a professor of finance and operations management and now works in management analysis, research and education.
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Part Two describes data collection and description, showing how to select and present information reliably.Part One introduces the subject, asks why managers use quantitative methods and reviews essential quantitative tools.Quantitative Methods for Business, fifth edition, is divided into five parts which develop the subject in a logical sequence.
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Whether you are studying for an HND, a first degree, an MBA or postgraduate degree, or a professional qualification, the book covers key topics in an easy to follow and practical way. This book gives an introduction to methods that are widely used in business, which every student of management will meet somewhere in their course.
Not surprisingly, management students do a course in quantitative methods, typically with names like quantitative analysis, decision analysis, business modelling or financial methods. One of their essential skills is the ability to understand numerical information and use it for decision making.
Managers in every organisation use quantitative methods.
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