Management Development Program (MDP) on “Business Forecasting for Effective Decision Making- An Application of Regression Technique” on Saturday, July 21, 2018 @ GLBIMR
GL Bajaj Institute of Management and Research, Greater Noida organized 10th Management Development Program on “Business Forecasting for Effective Decision Making- An Application of Regression Technique” on Saturday, July 21, 2018, at its campus, to make the participants acquire, develop and practice the skills needed to succeed in their current and future leadership roles. This initiative was taken by the institute under the visionary guidance of Mr. Pankaj Agarwal, Vice Chairman, GL Bajaj Educational Institutions and Dr. Urvashi Makkar, Director General, GLBIMR. The Chief Guest of the event was Ms. Shamli Prakash, Senior Vice President, Opera Solutions, New Delhi and Dr. Deepak Verma, Faculty, Malaviya Institute of Technology, Jaipur was the expert resource person. The event witnessed participation of the delegates from various corporate houses, academia and research scholars.
Dr. Makkar, Director General shared that the MDP will prove to be the surpassing learning session for students from the experts and will strongly enable the participants to probe into the application and significance of research tools. She accentuated that the early understanding of research tools will benefit the students throughout their career by citing "Seed germinated well in time, blossoms into the big tree". She also stated the role of appropriate perspective while making any decision as it creates a huge differential in the outcomes. Ms. Shamli Prakash, Senior Vice President, Opera Solutions focused on data analytics and data-driven decision making to eliminate common errors and to broaden the enthusiasm of students on the topic. Dr. Deepak Verma, Faculty, Malaviya Institute of Technology explained that the program will enable understanding of the model development and accuracy of prediction to make effective decision making with the use of Excel and SPSS. He explained that the Time Series Analysis Technique is very essential for Business Forecasting. He also shared techniques of linear regression, Multiple regression and its application for predictive modeling. He highlighted the inferences drawn from prediction models that can facilitate market researchers, data analysts and managers to evaluate and implement the best alternative strategy.
The session was interactive and involved brainstorming activities among the participants and trainer. All the delegates were conferred with Certificate of Participation. The event was remarkably flourishing.