Unlike simple averages that treat all data points equally, weighted averages assign importance to each number according to its relevance or 'weight'. Understanding how to properly use and interpret weighted averages can enhance your decision-making skills, whether in business, education, or even everyday personal finance. Learn more in this month's free MBTN tutorial!...
This month's free tutorial preview is of our recently released Optimization 2 module, the second in a new series for operations and business math courses. At its core, linear programming seeks to find the best possible outcome from a set of linear constraints, often with the goal of maximizing or minimizing a particular objective. One of the highlights of this module is the exploration of the Microsoft Excel Solver add-in, which brings the power of linear programming to the fingertips of Excel users....
MBTN Academy is pleased to announce the beta release of a the first in a new series of modules on optimization authored by Alexander Skvorchevsky. Optimization is the process of finding the best managerial decision from an array of feasible solutions according to criterion and constraints. Faculty may add Optimization 1 to any existing Fall class at no additional cost....
August's free MBTN tutorial reviews key algebraic concepts and Excel rules that are essential to calculating and implementing simple KPI systems at a business....
With its comprehensive coverage of weighted average and its numerous practical examples, this tutorial is a fabulous resource for anyone looking to enhance their business math skills. Don't miss out on this valuable opportunity - try it out now!...
Time series analysis is widely used in business to understand and forecast data such as currency exchange and interest rates, population, demand, and sales data, share and commodity prices. ...
Decembers's free tutorial is one of MBTN Academy's business core math skills modules that reviews calculating percentages in business contexts. The percentages module provides a refresher for undergrads and community college students....
MBTN Academy announces the beta release of Statistics 5: Time Series authored by Alexander Skvorchevsky. If there's one thing every business would like to be able to do, it is predicting the future. One way to uncover insights into the future is using time series analysis....
August's free MBTN tutorial is Inventory 1: Inventory Management Fundamentals, the 1st module in our inventory management series. As companies struggle with supply chain challenges, it is important that everyone in a company have a good understanding of forces that shape inventory management systems. Author Robert Robicheaux introduces some of the key issues in inventory management theory and practice....
MBTN Academy announces the beta release of Weighted Averages authored by Gopala "GG" Ganesh. This module defines weighted average, how to calculate it, and provides marketing and finance examples of how it is used in business. The examples cover multi-tiered weighting problems as well as solving for a goal value within a weighted average context....