Synopses & Reviews
Master data analysis, modeling, and spreadsheet use with DATA ANALYSIS AND DECISION MAKING WITH MICROSOFT EXCEL! With a teach-by-example approach, student-friendly writing style, and complete Excel integration, this quantitative methods text provides you with the tools you need to succeed. Margin notes, boxed-in definitions and formulas in the text, enhanced explanations in the text itself, and stated objectives for the examples found throughout the text make studying easy. Problem sets and cases provide realistic examples that enable you to see the relevance of the material to your future as a business leader. The CD-ROMs packaged with every new book include the following add-ins: the Palisade Decision Tools Suite (@RISK, StatTools, PrecisionTree, TopRank, and RISKOptimizer); and SolverTable, which allows you to do sensitivity analysis. All of these add-ins have been revised for Excel 2007.
Review
"I want to commend you and your colleagues on Data Analysis and Decision Making.That textbook is one of the most well organized, well written and usefulbooks I have used in either undergraduate or graduate studies. Any questionI had while going through the course was easy to find and well answered.The use of Excel and Palisades tools was excellent.Thank you for taking the time and effort to publish such a great reference.It will surely be on my bookshelf for many years."
Synopsis
Master data analysis, modeling, and spreadsheet use with DATA ANALYSIS AND DECISION MAKING WITH MICROSOFT EXCEL! With a teach-by-example approach, student-friendly writing style, and complete Excel integration, this quantitative methods text provides you with the tools you need to succeed. Margin notes, boxed-in definitions and formulas in the text, enhanced explanations in the text itself, and stated objectives for the examples found throughout the text make studying easy. Problem sets and cases provide realistic examples that enable you to see the relevance of the material to your future as a business leader. The CD-ROMs packaged with every new book include the following add-ins: the Palisade Decision Tools Suite (@RISK, StatTools, PrecisionTree, TopRank, and RISKOptimizer); and SolverTable, which allows you to do sensitivity analysis. All of these add-ins have been revised for Excel 2007.
Synopsis
DATA ANALYSIS AND DECISION MAKING is a teach-by-example approach, learner-friendly writing style, and complete Excel integration focusing on data analysis, modeling, and spreadsheet use in statistics and management science. The Premium Online Content Website (accessed by a unique code with every new book) includes links to the following add-ins: the Palisade Decision Tools Suite (@RISK, StatTools, PrecisionTree, TopRank, RISKOptimizer, NeuralTools, and Evolver); and SolverTable, allowing users to do sensitivity analysis. All of the add-ins is revised for Excel 2007 and notes about Excel 2010 are added where applicable.
About the Author
S. Christian Albright received his B.S. degree in mathematics from Stanford in 1968 and his Ph.D. in operations research from Stanford in 1972. Since then, he has been teaching in the Operations and Decision Technologies Department in the Kelley School of Business at Indiana University. He has taught courses in management science, computer simulation, and statistics to all levels of business students: undergraduates, MBAs, and doctoral students. He has published over twenty articles in leading operations research journals in the area of applied probability, and he has authored other successful South-Western titles, including DATA ANALYSIS AND DECISION MAKING, DATA ANALYSIS FOR MANAGERS, PRACTICAL MANAGEMENT SCIENCE, and SPREADSHEET MODELING AND APPLICATIONS. His current interest is in spreadsheet modeling, including development of VBA applications in Excel?.Wayne L. Winston is Professor of Operations and Decision Technologies in the Kelley School of Business at Indiana University, where he has taught since 1975. Wayne received his B.S. degree in Mathematics from MIT and his Ph.D. degree in Operations Research from Yale. He has written the successful textbooks OPERATIONS RESEARCH: APPLICATIONS AND ALGORITHMS, MATHEMATICAL PROGRAMMING: APPLICATIONS AND ALGORITHMS, SIMULATION MODELING WITH @RISK, PRATICAL MANAGEMENT SCIENCE, DATA ANALYSIS FOR MANAGERS, SPREADSHEET MODELING AND APPLICATIONS, AND FINANCIAL MODELS USING SIMULATION AND OPTIMIZATION. Wayne has published over 20 articles in leading journals and has won many teaching awards, including the school-wide MBA award four times. His current interest is in showing how spreadsheet models can be used to solve business problems in all disciplines, particularly in finance and marketing.Christopher J. Zappe earned his B.A. in Mathematics from DePauw University in 1983 and his M.B.A. and Ph.D. in Decision Sciences from Indiana University in 1987 and 1988, respectively. Since 1993, Professor Zappe has been serving as an associate professor in the decision sciences area of the Department of Management at Bucknell University (Lewisburg, PA). He has published articles in scholarly journals such as Managerial and Decision Economics, OMEGA, Naval Research Logistics, and Interfaces.
Table of Contents
Part I: GETTING, DESCRIBING, AND SUMMARIZING DATA. Introduction to Data Analysis and Decision Making. 1. Introduction. An Overview of the Book. The Methods. The Software. A Sampling of Examples. Modeling and Models. Conclusion. 2. Describing Data: Graphs and Tables. Introduction. Basic Concepts. Frequency Tables and Histograms. Analyzing Relationships with Scatterplots. Time Series Graphs. Exploring Data with Pivot Tables. Conclusion. 3. Describing Data: Summary Measures. Introduction. Measures of Central Location. Quartiles and Percentiles. Minimum, Maximum, and Range. Measures of Variability: Variance and Standard Deviation. Obtaining Summary Measures with StatTools. Measures of Association: Covariance and Correlation. Describing Data Sets with Boxplots. Applying the Tools. Conclusion. 4. Getting the Right Data. Introduction. Sources of Data. Excel Tables for Filtering, Sorting, and Summarizing. Complex Queries with the Advanced Filter. Importing External Data from Access. Creating Pivot Tables from External Data. Web Queries. Other Data Sources on the Web. Cleansing the Data. Conclusion. Part II: PROBABILITY, UNCERTAINTY, AND DECISION MAKING. 5. Probability and Probability Distributions. Introduction. Probability Essentials. Distribution of a Single Random Variable. An Introduction to Simulation. Distribution of Two Random Variables: Scenario Approach. Distribution of Two Random Variables: Joint Probability Approach. Independent Random Variables. Weighted Sums of Random Variables. Conclusion. 6. Normal, Binomial, Poisson, and Exponential Distributions. Introduction. The Normal Distribution. Applications of the Normal Distribution. The Binomial Distribution. Applications of the Binomial Distribution. The Poisson and Exponential Distributions. Fitting a Probability Distribution to Data: BestFit. Conclusion. 7. Decision Making Under Uncertainty. Introduction. Elements of a Decision Analysis. The PrecisionTree Add-In. Bayes' Rule. Multistage Decision Problems. Incorporating Attitudes Toward Risk. Conclusion. Part III: STATISTICAL INFERENCE. 8. Sampling and Sampling Distributions. Introduction. Sampling Terminology. Methods for Selecting Random Samples. An Introduction to Estimation. Conclusion. 9. Confidence Interval Estimation. Introduction. Sampling Distributions. Confidence Interval for a Mean. Confidence Interval for a Total. Confidence Interval for a Proportion. Confidence Interval for a Standard Deviation. Confidence Interval for the Difference Between Means. Confidence Interval for the Difference Between Proportions Controlling Confidence Interval Length. Conclusion. 10. Hypothesis Testing. Introduction. Concepts in Hypothesis Testing. Hypothesis Tests for a Population Mean. Hypothesis Tests for Other Parameters. Tests for Normality. Chi-Square Test for Independence. One-Way ANOVA. Conclusion. Part IV: REGRESSION, FORECASTING, AND TIME SERIES. 11. Regression Analysis: Estimating Relationships. Introduction. Scatterplots: Graphing Relationships. Correlations: Indicators of Linear Relationships Simple Linear Regression. Multiple Regression. Modeling Possibilities. Validation of the Fit. Conclusion. 12. Regression Analysis: Statistical Inference Introduction. The Statistical Model. Inferences About the Regression Coefficients. Multicollinearity. Include/Exclude Decisions. Stepwise Regression.The Partial F Test. Outliers. Violations of Regression Assumptions. Prediction. Conclusion. 13. Time Series Analysis and Forecasting. Introduction. Forecasting Methods: An Overview. Testing for Randomness. Regression-Based Trend Models. The Random Walk Model. Autoregression Models. Moving Averages. Exponential Smoothing. Seasonal Models. Winters' Exponential Smoothing Model. Conclusion. Part V: DECISION MODELING. 14. Introduction to Optimization Modeling. Introduction. Introduction to Optimization. A Two-Variable Model. Sensitivity Analysis Properties of Linear Models. Infeasibility and Unboundedness. A Product Mix Model. A Multiperiod Production Model. A Comparison of Algebraic and Spreadsheet Models. A Decision Support System. Conclusion. 15. Optimization Modeling: Applications. Introduction. Workforce Scheduling Models. Blending Models. Logistics Models. Aggregate Planning Models. Financial Models. Integer Programming Models. Nonlinear Models. Conclusion. 16. Introduction to Simulation Modeling. Introduction. Real Applications of Simulation. Probability Distributions for Input Variables. Simulation with Built-In Excel Tools. Introduction to @RISK. The Effects of Input Distributions on Results. Conclusion. 17. Simulation Models. Introduction. Operations Models. Financial Models. Marketing Models. Simulating Games of Chance. Conclusion.