following are the limitation of QT techniques
1 inherent limitations concerning mathematical expressions
2 high cost are involved in using quantitative techniques
3 QT does not take in to consideration the intangible factors example non-
measurable of human resources
4 QT are just tool of analysis and not the complete decision making process
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Quantitative techniques provide managers with concrete evidence and information, which allows them to make better decisions. Without quantitative techniques, managers would guess and risk assets of the business.
significance of quantitative technique in Geography
The quantitative techniques are basic computations that are used in science. The two main categories are hypothesis tests and interval estimations.
what are the importance of quantitative techniques in managerial dicision making
One advantage of quantitative techniques in planning is the ability to have better information. A disadvantage is the fact that the process takes too long.