IMPORTANCE OF QUANTITATIVE TECHNIQUES IN MANAGERIAL DECISIONS *P.Murugesan Abstract The term ‘Quantitative techniques’ refers to the methods used to quantify the variables in any discipline. It means the application of subjects like mathematics and statistics, econometrics and operations research to understand and solve problems.. It is a study of the application of differential calculus, integral calculus and matrix algebra, measures of central tendencies, measures of averages, correlation and regression
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Preparing to Conduct Business Research: Part 3 Introduction In further discussions of the merger with Staples and Office Depot, we need to look at with is going to be the primary research design, either qualitative or quantitative. We are also going to look at the power of both the qualitative or quantitative designs and how they can coexist together. Lastly, we are going to look at what are the drawbacks of using just one method over the other
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characteristics and differences of research methodologies The methodologies used in research include qualitative, quantitative, mixed, and action research. First, mixed methodology entails the combination of the compilation and analysis of both qualitative and qualitative statistics. Second, action research is an informal methodology that obliges all the partakers to be mutual researchers. Qualitative and quantitative research methodologies are the prevailing methods in research at present (Austin, 1978)
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Reliability In the field of Human Services, especially in the creation of programs, projects and approach strategies, it is important to measure the reliability of approaches and results. The following approaches are more often than not used to test reliability and are therefore the embodiment 'types' of how reliable an approach or strategy tested with them is: 1. Test-retest reliability - The test-retest method estimates the reliability of the test and the results gathered from it by administering
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The objective of this research is a comparison of health costs from one group consisting of PDs (psychiatric diagnoses) and one group without, using the physician billing data over a nine year period. Upon reviewing the data presented from the research, the most suitable method to be used as an analysis of this study should be mixed between qualitative and quantitative. In order to gain a more in depth understanding of mental health and its association with healthcare cost and use, not only should
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Classical management approaches focus on developing universal principles for use in various management situations. b. Behavioural management approaches focus on human needs, the work group, and the role of social factors in the workplace. c. Quantitative management approaches focus on applying mathematical techniques for management problem solving. *d. Socioeconomic management approaches focus on global awareness and leadership in developing economies. e. Modern management approaches focus on the
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QUANTITATIVE ANALYSIS: DESCRIPTIVE STATISTICS Introduction Suppose that we have carried out a survey on the effect of carrying out a management audit with three groups of nine participant institutions each i.e. small medium and large. Each group was given the same survey questions in questionnaire format and the answers from the scores were tagged between 0 and 20. What is to be done with the raw scores? There are two key types of measures that can be taken whenever we have a set of scores from
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Three Abbreviated Research Plans Introduction Public health practitioner, when presented with a crisis, problem, or circumstances in the community can use the different research methods, such as quantitative, qualitative, or mixed methods. These advance plans of query explore not only potential clarification, but it explores different route that will conclude an exact treatment or intervention and influence an outcome. The three abbreviated research plans will be outlined in this paper, will
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Business 1 Quantitative Reasoning for Business Torry Dulaney University of Phoenix Reasoning for Business 2 Quantitative Reasoning for Business Upon first glance at the Quantitative Reasoning for Business Overview, I was initially like a deer caught in headlights. What did I sign up for? But after research, I found out that
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Business Research Terms & Concepts: Part 1 RES 351 To some extent all research may be approached either quantitatively or qualitatively. Everything is determined by the researcher’s primary aim. Are they fascinated in a methodical strategy, as a way to generate similar, generalized information, or do they desire to make a narrative of a special instance/scenario/circumstance? Each choice requires various kinds of preparation, which might best be accompanied by a special research design
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