Answer to Question #297751 in Management for Elshaday yohannes

Question

Discuss a few areas for application of quantative analysis in your organization with a decision making

Answer 1

Quantitative analysis is 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.

From the definition, quantitative analysis is applied to sales to determine the performance of the business.

The technique is also applicable to feedback where customer view is processed to help deliver a future company decision.