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Volume III, 2003

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As a student I start the new semester armed with my course schedule, course descriptions straight from the undergraduate catalogue, and the all-important feedback from students who have taken the course before me. Introduction to Management Science (QMB 4600) is "A study of selected mathematical and statistical models used to aid managerial decision making." It sounds fairly difficult and potentially boring, but a necessary evil, none-the-less. Imagine my surprise when the subject is in fact interesting, engaging, and yes, fun. This paper presents the development and analysis of one of the cases in this course. It involves the creation of three multiple regression models from two different sources (runners) to help predict the pace in minutes per mile a runner is expected to run a five kilometer race. Students are involved in the process from the ground up, from model development to model validation, thus creating an atmosphere for meaningful learning.

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