Question: QUANTITATIVE METHODS FOR BUSINESS - BUS 3 2 6 Explain why scientific research in Business care about Hypothesis testing. b . Differentiate between Type I

QUANTITATIVE METHODS FOR BUSINESS - BUS326
Explain why scientific research in Business care about Hypothesis testing.
b. Differentiate between Type I and Type II error and state why scientific researchers should be cautious.
Explain the concept of Decision Analysis.
b. Expatiate the term Game theory and its relevance in business competition.
Explain the term Forecasting in quantitative methods for Business.
b. Mention and explain vividly atleast three types of forecasting methods.
QUANTITATIVE METHODS FOR BUSINESS - BUS326 Explain why scientific research in

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