Quantitative techniques are research and analysis methods applied to data that involve either quantifying observations numerically or characterising aspects of the data in numerical terms.
For instance, socioeconomic status for a household could be crudely encoded as the total annual income for that household. An attempt could be made to establish a mathematical relationship between this status and years of education, as an example of quantitative analysis.
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.
Quantitative techniques allow businesses to measure results. With quantitative techniques businesses can know where they stand within their industry against their competition.
the roles of quantitative techniques in the marketing of goods and services
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.
According to one definition, quantitative procedures are those that give decision-makers a powerful and organized way to analyze quantitative data. The management uses this scientific approach to problem-solve and make decisions.
significance of quantitative technique in Geography
Quantitative Techniques in Business solved question
The quantitative techniques are basic computations that are used in science. The two main categories are hypothesis tests and interval estimations.
What are the roles of quantitative techniques in marketing of goods?Read more: http://wiki.answers.com/What_are_the_roles_of_quantitative_techniques_in_marketing_of_goods#ixzz2C8TN2fVr
what are the importance of quantitative techniques in managerial dicision making
history and relevence of quantitative technique in business management
1.Quantitative 2.Qualitative
The main advantage of quantitative techniques is that it provides limited scope and depth to the research. Also, it can be easily manipulated so that the researcher can achieve the desired outcome of the research.