answer question introduction to management science quantitative approaches to decision making
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According to one definition, quantitative procedures are those that give decision-makers a powerful and organized way to analyze quantitative data. The management uses this scientific approach to problem-solve and make decisions.
A quantitative prediction is a prediction of a specific quantity of something, for example, if I say it is going to rain tomorrow that is not quantitative, but if I say there will be an inch of rain falling tomorrow, that is quantitative. If I say the stock market will be up tomorrow, that is not quantitative, but if I say the stock market will be up by 50 points tomorrow, that is quantitative.
The unit of measure, inches, cm, PSI, etc.
(Apex) It's a decision made by a group of two or more people, a leader should be appointed to lead discussions, and the decision-making process should be inclusive.
Quantitative