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QUANTITATIVE METHODS ASSIGNMENT HELP

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CHARACTERISTICS OF QUANTITATIVE METHODS WITH ASSIGNMENT HELP

In most instances, researchers utilize quantitative when the study involves an in-depth understanding of the quantitative methods, or qualitative methodology is insufficient to the subject under study. In most instances, qualitative methods might be insufficient when a study is interrelated with human behaviors such as beliefs, values, and feelings. The list below has enumerated several characteristics of quantitative methods.
  • Have Measurable Variables: Quantitative contains instruments and items whose characteristics can be solicited. For instance, it involves aspects of a population like age, economic status, or educational status.
  • Use of Research Instruments Standardized: Quantitative use standardized instruments to collect data like questionnaires, surveys, or polls. These instruments are highly critical in enhancing the accuracy of data collection, data validity and reliability.
  • Normal Population Distribution Assumptions: In most instances, qualitative methods utilize normal distribution of data more than the data that have non-normal distribution. It implies that the data must be large to cover up the normal distribution of data which calls for random sampling principal utilization.
  • Adequate Data Presentation in Graphs, Charts and Figures: Quantitative methods adequately organize data in figures, graphs, and charts. This is adequate in clearly showing the trends, differences, or relationships among the data variables. With this, it's easier for a researcher or reader to understand investigations results.
  • Easier Outcome Predictions: A researcher can derive a formula or a model from data analysis for the results with quantitative methods.

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TYPES OF QUANTITATIVE METHODS IN MANAGEMENT

The use of quantitative management methods has become vast lately in analyzing business phenomena and economics in general. With the massive growth of technology, data management has become critical in data analysis for business decision-making. In most tertiary institutions, in statistics, it's common to teach quantitative methods through acquainting students how critical economic actors make decisions through quantitative methods.
The Most Commonly Taught Types Of Quantitative Methods Are As Mentioned Below:
  • Ratio Analysis
  • Time Series
  • Statistical Quality Control
  • Variance Analysis
  • Regression Analysis
  • Theory Of Probability
  • Sampling Analysis
  • Cash Benefit Analysis
  • Queuing Theory
  • Network Analysis

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