Quantitative Analysis is the very challenging and important. Because it provides the basic tools principally used in finance, accounting, marketing, and operations. It also helps solving complicated problems.
Decision Theory
A decision tree diagram is included activity forks and event forks at the junctures. It can organize the problem’s alternatives, risks, and uncertainty. Decision tree analysis consist five steps:
Step1. Collect all the possible alternatives and risks associated with the situation.
Step2. Evaluate and calculate the monetary consequences of each of the alternatives.
Step3. Select the uncertainty associated with each alternative.
Step4. Combine the first 3 steps into a tree diagram.
Step5. Then, choose the best alternative and consider the non-monetary aspects of the problem.
Other definition of Quantitative Analysis
http://davidmlane.com/hyperstat/Statistical_analyses.html
http://fmx.sagepub.com/content/21/1/91.abstract
http://www.google.com/intl/en/analytics/
ftp://ftp.qualisresearch.com/pub/qda.pdf
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