Abstract
On a daily basis, managers are faced with problems that require the selection of alternative choices among several sets of possible solutions. In order to achieve this, decision makers are required to develop the most appropriate models that will give optimal decision within some parameters and assumptions. This study investigates the place of regression as Hypothesis Testing tool for decision making. The paper extensively reviews the concept of decision making, hypothesis testing and the applications of regression analysis as a hypothesis testing tool for managerial decision. Furthermore, traditional manual method and spread sheet modelling were deployed to illustrate the process of hypothesis testing in an organisational setting. KEYWORDS: Decision making, Regression Analysis, Hypothesis Testing.
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