Top Answer
User Avatar
Wiki User
Answered 2014-06-18 21:58:37

In business, quantitative methods help the management and the decision makers to have quantifiable estimates of certain decisions. For example, a business can estimate the effect of doubling capital input or borrowing certain loans.

User Avatar

Your Answer

Still Have Questions?

Related Questions

What are the importance of quantitative methods in decision making?

what are the importance of quantitative techniques in managerial dicision making

How do quantitative methods play an important role in actual business?

yJohn Buglear, Senior Lecturer in Statistics and Operational Research, Nottingham Business School, Nottingham Trent University.Quantitative Methods for Business: The A-Z of QM will enable readers to: *Appreciate the significance of quantitative methods for businesses and the study of business *Understand and apply a wide range of quantitative techniques *Select appropriate quantitative techniques for data analysis, problem solving and decision making *Interpret and communicate the results of quantitative analysisAudience:First and second year undergraduate courses in Quantitative Methods.

How are quantitative methods helpful in a business or an industry?


Importance of quantitative methods?

Quantitative methods of studying are important because they give greater picture ideas of a population. This means that the data collected is a more accurate picture of what is going on in the population.

Why do we study quantitative methods?

It is important to study quantitative methods to learn to do research. It is very important to keep in mind that, in quantitative methods, correlation does not mean causation.

What is Qualitative and quantitative methods?

They are methods for analysing statistics in which that data are, respectively, qualitative and quantitative.

What is the role of quantitative methods in actual business?

Quantitative methods, such as statistics, help managers make better decisions. Statistical information about customers can help managers determine whether they want to enter new markets or not.

Can you download Curwin J Slater R Quantitative Methods for Business Decisions 2001?

No you can't unless with a fee

What has the author D A Lury written?

D. A. Lury has written: 'Elementary quantitative methods' -- subject(s): Business mathematics

What are quantitative methods?

it is an idea with numbers.

What are two quantitative research methods used in communication?

quantitative research and qualitative research

How useful is quantitative methods to managers?

Not very

What is the definition of Quantitative methods?

Is a range of mathematical and scientific methods used to answer data

How do you put quantitative in a sentence?

Numerical data is quantitative data.She performed a quantitative study.Using quantitative and qualitative procedures in a study is called a mixed methods study.

How do scientists analyze the data they collect?

They can use statistics.Scientists analyze the data that they collect using either quantitative or qualitative methods. Quantitative methods use statistics. Qualitative methods use methods such as comparison or categorization of the data.

What has the author Valentine Michael Pervan written?

Valentine Michael Pervan has written: 'Instructor's and solutions manual to accompany 'Quantitative methods for business students''

What is the definition of the term quantitative methods?

The definition of the term quantitative methods is the range of mathematical and statistical techniques used to analysis data. This is primarily used in math equations.

What is the importance of knowledge logic and method on social science research methodology?

what is importance of knowledge,logic,methods in research methodology what is importance of knowledge,logic,methods in research methodology what is importance of knowledge,logic,methods in research methodology what is importance of knowledge,logic,methods in research methodology what is importance of knowledge,logic,methods in research methodology what is importance of knowledge,logic,methods in research methodology

What are advantages of quantitative enumeration of microorganisms?

You get an accurate answer with it rather than using semi quantitative methods to get estimated results.

What has the author Clare Morris written?

Clare Morris has written: 'Essential mathematics' 'Quantitative approaches in business studies' -- subject(s): Statistical methods, Management

What are the methods of studying psychology?

through qualitative or quantitative means of

Advantage of quantitative techniqes?

The researcher experienced a number of advantages of applying both quantitative and qualitative methods in this intercultural research.

What are the Importance of business research methods?

Companies conduct business research for any number of reasons. They want to gather crucial information on consumers and business clients. In order to make sure that the data they receive is correct, it it very important to use proven methods.

Define the extreme point in quantitative methods?

Obsessive Compulsive Disorder

what are quantitative methods of gathering data?

Qualitative approaches aim to address the 'how' and 'why' of a program and tend to use unstructured methods of data collection to fully explore the topic. Quantitative approaches address the 'what' of the program. They use a systematic standardised approach and employ methods such as surveys.

Still have questions?