British Columbia Institute of

Important Notice: COVID-19 Institute response


OPMT 8751 - Decision Analysis

Operations Management Part-time Studies Course

School of Business + Media

To support you and your education, BCIT is adapting applied learning in formats appropriate to the unfolding global situation. All PTS classes are being delivered in an online format unless you are notified otherwise.

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.





Fall 2020

Below is one offering of this course for the Fall 2020 term.

CRN 42452

Tue Sep 08 - Sat Dec 19 15 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 08 - Dec 19 Mon Online Online Delivery
Dec 19 Sat 09:00 - 12:00 Distance Online Delivery


Leslie Major

Course Outline




  1. Internet delivery format.
  2. Departmental approval needed
  3. Enrollment is restricted to students accepted into the Bachelor of Business Administration Degree Program. Registration approval is automatically given upon full acceptance into the part-time program. This course will be delivered asynchronously, but virtual office hours will be held Monday evenings. This is an online course, and the final exam will be held online at the time listed above.

This course offering is in progress. Please check back next term or subscribe to receive email updates.

In Progress

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 + Media

  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.

Fall 2020

Books for Fall 2020 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 $99.95
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 $52.95


Interested in being notified about future offerings of OPMT 8751 - Decision Analysis? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.

Contact Information

Suggest course days and times

If you are interested in taking this course on-campus (classroom delivery only) and would like to see it offered on specific days and/or at specific times, please indicate your preferences below. Day and time suggestions are not applicable to online courses.

The personal information on this form is collected under the authority of the College and Institute Act (RSBC 1996, Ch.52). BCIT will use this information to communicate with you regarding relevant BCIT programs, courses and services. This information is only used by authorized BCIT staff. Email communication sent to and from BCIT is routed through the United States of America. If you have any questions about BCIT's collection and use of this information, please contact BCIT’s manager of Information Access and Privacy.

Programs and courses are subject to change without notice.

Find Courses

School of Business + Media Waitlist

Need to waitlist for a School of Business + Media course?

Find out more

English Language Proficiency

BCIT's Part-time Studies English Language Proficiency Standard is English 12 (or equivalency). Students who do not meet this requirement should upgrade their English skills prior to any future registration.

Payment Changes At BCIT

We've changed the way we accept payments.

Find out more

Course Navigation, Related Links & Tools

Registration News

Registration is now open for the Fall 2020 term.

Classroom Locations

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.

Part-time Studies Financial Aid

Will you be studying at BCIT part-time? Do you need assistance funding your studies? Find out if you qualify for Part-time Studies financial aid.