Quantitative analysis approach

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Reference no: EM133117554

We know that quantitative analysis approach includes a high level overview of the importance of identifying the problem, developing a model, acquiring input data, developing a solution, testing the solution, analyzing results, and implementation. Provide an example in business (from your own experience, if possible) to explain how this approach is applied.

1. In your example, was quantitative or qualitative data used? How do you know?

2. What should happen after implementation? Why?

3. If a solution does not work in the "testing the solution" part, what part of the process would you re-analyze first, and why?

Reference no: EM133117554

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