Quantitative Techniques: Theory and Problems (2024)

FAQs

How to solve quantitative techniques? ›

Understanding the art of problem-solving in quantitative techniques involves more than just crunching numbers. A solid mathematical foundation is the cornerstone of success in this section. Begin with the basics—ensure you are comfortable with arithmetic operations, percentages, ratios, proportions, and basic algebra.

Quantitative techniques may be defined as those techniques which provide the decision makes a systematic and powerful means of analysis, based on quantitative data. It is a scientific method employed for problem solving and decision making by the management.

Step 1: Identify the given equation of the quantitative problem and define the constants on the equation. Step 2: Identify the given values of the quantitative problem. Step 3: Set up the math equation to solve the problem with the given values.

The section, which tests the mathematical abilities of candidates, is found difficult among many candidates. However, if your concepts are clear and you adopt the right techniques to solve questions, scoring well in Quantitative Techniques can be a cakewalk for you.

Quantitative techniques involve the use of numbers symbols, mathematical expressions, and other elements of quantities, and serve as supplements to the judgment and intuitions of the decision makers. These tools help businesses in optimum utilization of limited resources.

The content in these areas includes high school mathematics and statistics at a level that is generally no higher than a second course in algebra. It doesn't include trigonometry, calculus or other higher-level mathematics.

What can go wrong with quantitative research? ›

Lack Of Data

One of the biggest challenges to quantitative methods is data scarcity, which can lead to data gaps that hinder research.

Dedicate at least one hour daily to practice Quantitative Techniques questions of Class 10 difficulty level. Regular practice helps reinforce concepts and improves problem-solving speed and accuracy. Set aside time each day to solve different types of problems, gradually increasing the difficulty level as you progress.

The difficulty comes from the time pressure, the amount and complexity of information, and the complexity of the questions.

The different steps used in a quantitative research study typically include (1) focusing on your interests and finalizing the research topic, (2) framing research questions to be investigated, (3) conducting a thorough literature review, (4) choosing/creating an appropriate framework to guide the study (5) designing ...