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S.T.E.T WOMENS COLLEGE MANNARGUDI PG AND RESEARCH DEPARTMENT OF COMMERCE MULTIPLE CHOICE QUESTIONSSUBJECT: QUANTITATIVE TECHNIQUES FOR BUSINESS DECISIONSSUBJECT CODE: P16MC22 CLASS: I M.COMPREPARED
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Understand the problem or question that needs to be addressed using quantitative techniques
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Collect relevant data that will help in answering the question
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Choose the appropriate quantitative technique that is best suited for the problem
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Apply the chosen technique to the data and analyze the results
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Interpret the findings and draw meaningful conclusions from the analysis
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Communicate the results and recommendations based on the quantitative analysis

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Quantitative techniques for business refer to a set of mathematical and statistical methods used to analyze and interpret data for decision-making purposes, improving efficiency, and solving business problems.
Businesses and organizations that engage in data analysis, market research, financial forecasting, and performance measurement are typically required to implement and file quantitative techniques for business.
To fill out quantitative techniques for business, one should gather relevant data, select appropriate statistical or mathematical models, analyze the data using software or manual calculations, and present the findings in a clear format, ensuring compliance with any specific filing requirements.
The purpose of quantitative techniques for business is to enable organizations to make informed decisions based on empirical data, improve operational efficiency, reduce risk, and enhance strategic planning.
Typically, the information to be reported includes data sources, methodologies used, analyses performed, results and findings, and any assumptions made during the analysis.
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