Chapter 1 Introduction to Quantitative Analysis

Learning Objectives

After completing this chapter, students will be able to:

  1. 1.1 Describe the quantitative analysis approach and understand how to apply it to a real situation.

  2. 1.2 Describe the three categories of business analytics.

  3. 1.3 Describe the use of modeling in quantitative analysis.

  4. 1.4 Prepare a quantitative analysis model.

  5. 1.5 Use computers and spreadsheet models to perform quantitative analysis.

  6. 1.6 Recognize possible problems in using quantitative analysis.

  7. 1.7 Recognize implementation concerns of quantitative analysis.

People have been using mathematical tools to help solve problems for thousands of years; however, the formal study and application of quantitative techniques ...

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