2. UNIT – I
Introduction to Quantitative
Techniques. Functions and its
applications to business, limits
of function and continuity.
3. Quantitative analysis is the process of collecting and
evaluating measurable and verifiable data such as revenues,
market share, and wages in order to understand the behavior
and performance of a business.
Quantitative analysis (QA) is a technique that uses
Quantitative analysis (QA) is a technique that uses
mathematical and statistical modeling, measurement, and
research to understand behavior.
Quantitative Analysis Techniques:
Regression Analysis
Linear Programming
Data Mining
4. Applications of Quantitative Analysis in the Business Sector:
Project Management
Production Planning
Marketing
Finance
Purchase and Inventory
Quantitative Techniques:
Quantitative Techniques:
Quantitative techniques are needed to process the
information needed for effective planning, leading
organizing and controlling. Qualitative and quantitative
methods are productive tools in solving organizational
problems.
5. Quantitative technique is a very powerful tool, by using this we
can augment our production, maximize profits, minimize costs, and
production methods can be oriented for the accomplishment of
certain pre – determined objectives.
Quantitative techniques used to solve many of the problems
that arise in a business or industrial area.
Quantitative techniques are those statistical and operations
research programming techniques which help in the decision
making process especially concerning business and industry.
6.
7. Applications for Quantitative Techniques in Business:
Project Management
Production Planning and Scheduling
Purchasing and Inventory
Marketing
Finance
Research and Development
Agriculture
Scope of Quantitative Techniques in Business:
