Review of
Quantitative Methods: An Introduction for
Business Management 1st Edition,by
Paolo Brandimarte, John Wiley & Sons, Hoboken, New Jersey, 2011. 912 pp.,
$140.00 (hardbound). ISBN 978-0-470-49634-3.
This is a math book with some business and
economic examples included. A better subtitle and explanation would be “The
math you need to know to use and understand advanced quantitative methods in
business.” The book is split into sections and a look at the 16 chapter titles after
the introductory first chapter will explain a great deal. They are:
*) Calculus
*) Linear algebra
*) Descriptive statistics
*) Probability theories
*) Discrete random variables
*) Continuous random
variables
*) Dependence, correlation
and conditional expectation
*) Inferential statistics
*) Simple linear regression
*) Deterministic decision
models
*) Decision making under
risk
*) Multiple decision makers,
subjective probability and other wild beasts
*) Introduction to
multivariate analysis
*) Advanced regression
models
*) Dealing with complexity:
Data reduction and clustering
The author presupposes that the reader is very
familiar with the topics before the chapter is encountered. There is no slack
cut in terms of the level of difficulty of the mathematics. When a topic is
first stated, it is as a reminder and not as a review. As the list and number
of pages indicate, this is a book for a two or three semester course sequence
in the mathematics used in high level quantitative methods used in business.
Fundamentally, it is a text for courses
designed for people that are math majors moving into quantitative business
management. For that, it is an excellent book. Unlike some other books, no one
can criticize this one for being weak on the math, I would suspect that the
students using it would argue the contrary.
This book was made available
for free for review purposes
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