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QUANTITATIVE ANALYSIS C723 -
UNIT 2 QUESTIONS AND ANSWERS
RATED A+.
1. What is Quantitative analysis?: The process of collecting and evaluating mea-
surable and verifiable data such as revenues, market share, and wages. ...
2. What is the business purpose of Quantitative Analysis?: To determine its
success, and to make purchasing decisions, marketing decisions, and even sales
decisions.
3. What is Qualitative Analysis?: Uses subjective judgment to analyze a compa-
ny's value or prospects based on non-quantifiable information, such as manage-
ment expertise, industry cycles, strength of research and development, and labor
relations. Thoughts/opinions
4. What is the difference between Qualitative and Quantitative analysis?:
5. How is quantitative analysis used in business decision making?: Qualitative
analysis fundamentally means to measure something by its quality rather than
quantity. ... When we do quantitative analysis, we are exploring facts, measures,
numbers and percentages.
6. What business problems can be solved using qualitative analysis meth-
ods?:
7. What business problems can be solved using quantitative analysis meth-
ods?: Lack of cash flow, maximizing profits, minimizing errors, increasing revenue,
inventory analysis, and project scheduling.
8. Objective: Measurable data often obtained through observations or testing.
9. Independent: Variable that is free to change in a given model.
10. Qualitative: Analysis using subjective data.
11. Correlation: Measure of the strength of the linear relationship between vari-
ables.
12. Mediating: Variable that explains the relationship between the independent and
dependent variables
13. Subjective: Non-measurable data often obtained through surveys or interviews.
14. Metric: Measurement used to gauge performance
15. Explanatory: Another name for the independent variable.
16. Statistics: The gathering, organizing, and interpreting of numerical data.
