This presentation on Quantitative Analysis for Management will acquaint you with all the essential details that you should know about quantitative business analysis. In this Quantitative Analysis Explained For Beginners tutorial, you will understand what quantitative analysis is. You'll also learn how it works with the help of examples. So, let's get started!
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Michaelis Menten Equation and Estimation Of Vmax and Tmax.pptx
Quantitative Analysis For Management | Quantitative Analysis Explained For Beginners | Simplilearn
1.
2. Meet Alex, he has established a new Automotive
business venture.
3. The business is operational at low scale, hence Alex is in charge
of all financial and managerial decisions.
Financial
Decisions
Managerial
Decisions
13. Quantitative analysis is a technique that
uses mathematical and statistical
modeling, measurement, and research to
understand patterns in any activity.
What Is Quantitative Analysis?
14. What Is Quantitative Analysis?
This method necessitates extensive
research at the beginning. The
researched data is then transformed into a
numerical format.
15. What Is Quantitative Analysis?
The numerical data then goes through
computer analysis using advanced
statistical and mathematical modeling.
16. What Is Quantitative Analysis?
End result generated through this analysis is
completely objective and unemotional.
17. What Is Quantitative Analysis?
We live in an era where huge amount of data
is generated every second. And it’s difficult to
distinguish between which data is useful or
useless.
18. What Is Quantitative Analysis?
Traditional analysis models are broken now.
That is why, strong statistical and
mathematical modelling is the way going
forward.
21. How Quantitative Analysis Works?
Gather data of Car
owners across the
globe
Convert gathered
data into numerical
format
Assessing customer
satisfaction with Alex’s
Luxury automobile
23. How Quantitative Analysis Works?
Convert gathered
data into numerical
format
Yes = 1
No = 2
Satisfied with Service
Car Owner Data
Sample
24. How Quantitative Analysis Works?
Statistical modeling is then applied to data
depending on the anticipated kind of
outcome.
25. How Quantitative Analysis Works?
Quantitative analysis uses two forms of statistical
modelling.
Descriptive Statistics Inferential Statistics
26. How Quantitative Analysis Works?
1. Population
In statistics, a population refers to the total group of items, people, or organizations
that you're analyzing.
27. How Quantitative Analysis Works?
1. Population
In statistics, a population refers to the total group of items, people, or organizations
that you're analyzing.
In the case of our customer satisfaction analysis
problem, all car owners throughout the world are
considered a population.
28. How Quantitative Analysis Works?
1. Sample
A sample is a subset of the entire population. In the customer satisfaction analysis use
case, the sample will be data of only 100 car owners.
Population
Sample
29. How Quantitative Analysis Works?
Descriptive statistics: This form of statistics focuses on describing the
contents of sample.
Inferential statistics: This form of statistics aims to make predictions
about the whole population.
42. Descriptive Statistics Importance
Helps visualizing micro details of the data.
Helps identify errors and anomalies in the data.
Helps you decide which inferential model to use.
43. Inferential Statistics
Inferential statistics aims to make predictions about the whole population. And there are
two types of predictions it can make.
Difference Between Variable Relations
51. How Quantitative Analysis Works?
With this explanation, Alex was able to understand how quantitative analysis works. And how he can use the
vast data at his disposal to make the best and profitable decisions.
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