British Columbia Institute of

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OPMT 8751 - Decision Analysis

Operations Management Part-time Studies Course

School of Business

Course Details

Presents a second course in the application of statistical methods to business problems. The course will provide detailed theoretical understanding and practical applications of two of the most commonly used techniques in mathematical modeling Linear Regression and Time Series Analysis. You will learn how to view business situations as mathematical models and formulate the equations required for the model solution. Extensive lab work using computer software will lead to theoretical solutions. You will then learn how to interpret these solutions as a guide to practical management action. The course provides the opportunity to use and evaluate current software.


Acceptance into the Bachelor of Business Administration program.





Spring/Summer 2019

Below is one offering of this course for the Spring/Summer 2019 term.

CRN 64331

Tue Apr 23 - Wed Jul 31 14 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 23 - Jul 30 Online
Jul 30 Tue 18:00 - 21:00 Online SE06 Rm. 104


Leslie Major

Course Outline

TBD – see Learning Outcomes in the interim




  1. Internet delivery format.
  2. Departmental approval needed
  3. Course registration restricted to students registered in the Bachelor of Business Administration Program. BBA students requiring course approval, please call the Degree Programs Administrator at 604-432-8609. Please note that this is an online class, but the final exam will be held at the Burnaby campus.

Learning Outcomes

Upon successful completion of this course the student will be able to:

  • Use smoothing methods such as moving averages, exponential smoothing, Holt's and Holt-Winters' methods to predict time series.
  • Use a scatter plot to identify trend or seasonality in a time series.
  • Choose an appropriate forecasting method based on the characteristics of a time series.
  • Use a runs test to determine if a time series has the characteristics of a random walk series.
  • Forecast a series where appropriate using the random walk model.
  • Use linear regression to forecast or model business situations.
  • Evaluate the validity of linear regression in a given situation.
  • Assess the usefulness of linear regression in a given situation.
  • Select the most appropriate method for forecasting or modelling in a given situation.
  • Interpret the meaning of the coefficients and statistics generated by different mathematical models.
  • Analyse business mathematical models using Microsoft Excel 2002 (XP) together with add-ins provided.
  • Convert theoretical solutions into practical management terms.

Effective as of Fall 2015

Related Programs

OPMT 8751 is offered as a part of the following programs:

School of Business

  1. Bachelor of Business Administration
    Full-time/Part-time   Bachelor of Business Administration

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit for more information.

Spring/Summer 2019

Books for Spring/Summer 2019 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Distance & Online Learning Bookstore

If you are taking this course through either Distance Education or Online Learning, please purchase books for this course at the BCIT Distance & Online Learning Bookstore.

Image not available
Cei Digital: Mystatlab W Etext For Levine Or Donnelly
Author Levine Or Donnelly
Binding Digital Version
ISBN 978-0-32192-146-8
Price $95.00
Choose One

Statistics For Managers Using Ms Excel + Mystatlab & Phstat W Etext, Ll Edition
Author Levine
Publisher Ph
Copyright 2017
Binding Looseleaf
ISBN 978-0-13456-670-2
Price $142.50
Choose One

Image not available
Cei Digital: Mystatlab W/O Etext For Statistics For Mgrs Using Excel
Author Levine
Binding Digital Version
ISBN 978-1-32377-676-6
Price $55.00


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Registration is now open for the Spring/Summer 2019 term.

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Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at on the first day of any course you are registered for.

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