Discussion Questions and Problems

Discussion Questions

  1. 1-1 What is the difference between quantitative and qualitative analysis? Give several examples.

  2. 1-2 Define quantitative analysis. What are some of the organizations that support the use of the scientific approach?

  3. 1-3 What are the three categories of business analytics?

  4. 1-4 What is the quantitative analysis process? Give several examples of this process.

  5. 1-5 Briefly trace the history of quantitative analysis. What happened to the development of quantitative analysis during World War II?

  6. 1-6 Give some examples of various types of models. What is a mathematical model? Develop two examples of mathematical models.

  7. 1-7 List some sources of input data.

  8. 1-8 What is implementation, and why is it ...

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