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The official definition for a quantitative model is " Collection of mathematical and statistical methods used in the solution of managerial and decision-making problems, also called operations research (OR) and management science."
The official definition for a quantitative model is " Collection of mathematical and statistical methods used in the solution of managerial and decision-making problems, also called operations research (OR) and management science."
Is a range of mathematical and scientific methods used to answer data
"There are many methods to collect data such as, interviews, meetings, observation, questionnaires and review internal documents.The above is incorrect, the statement above includes both qualitative and quantitative methods. "Quantitative research is about measuring a market and quantifying that measurement with data. Most often the data required relates to market size, market share, penetration, installed base and market growth rates.However, quantitative research can also be used to measure customer attitudes, satisfaction, commitment and a range of other useful market data that can be tracked over time.Quantitative methods include:Mail surveysStreet surveysTelephone surveysInternet surveysQualitative methods include:InterviewsFocus groupsObservation groupsShadowing
Quantitative research is empirical research that uses statistics, numerical data, and mathematics. It is used to answer problems that are not case specific and have a broader reach.