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Definition of quantitative Techniques and Name two major divisions in which you con divide these techniques?
Wiki User
∙ 14y ago
Quantitative Techniques are those statistical and operation research techniques which help in the decision making process especially concerning business and industry. These techniques involve the introduction of the elements of quantities i.e. they involve the use of numbers, symbols and other mathematical expressions.
two major divisions in which we can divide these techniques are-
1) Statistical Techniques (or Statistical methods and measures)
2) Programming Techniques (or Operations Research)
Wiki User
∙ 14y ago
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