ISE 3318 - Engineering Statistics and Economic Analysis

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Simple linear and multiple linear regression analysis, design of experiments - single factor, full factorial, fractional factorial design. Taguchi’s method, control charts, and time series analysis. Engineering cost models, equivalence analysis, estimation of net present value, rate of return, depreciation and taxes, incremental analysis, and uncertainty in cash flow. Offered fall.
Prerequisite(s): EGR 2600 and major standing.