What is Quantitative Analysis?
Quantitative analysis is a form of data analysis used to examine the quantitative aspects of a particular phenomenon. This type of analysis usually involves the use of mathematical models, statistics, and other methods to analyze and interpret large volumes of quantitative data. It can be used to identify patterns, trends, relationships, and correlations between different types of data. Quantitative analysis is often used in fields such as economics, engineering, business, finance, and marketing to help make better informed decisions.
Application of Quantitative Analysis
In economics, for example, quantitative analysis can be used to track the relationship between inflation and employment or the relationship between interest rates and stock prices. In engineering, it may be used to develop better designs or solve problems related to product performance or safety. In finance and marketing it may be used to model customer behavior or measure the effectiveness of various strategies.