Discussion Questions and Problems
Discussion Questions
1-1 What is the difference between quantitative and qualitative analysis? Give several examples.
1-2 Define quantitative analysis. What are some of the organizations that support the use of the scientific approach?
1-3 What are the three categories of business analytics?
1-4 What is the quantitative analysis process? Give several examples of this process.
1-5 Briefly trace the history of quantitative analysis. What happened to the development of quantitative analysis during World War II?
1-6 Give some examples of various types of models. What is a mathematical model? Develop two examples of mathematical models.
1-7 List some sources of input data.
1-8 What is implementation, and why is it ...
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