People are supposed to learn how to manage their thoughts. This helps them to think more critically and to better understand the world that is around them.
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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.