Quantitative techniques very often used in decision making processes. These techniques are used in doing analysis in order to extract information for making decisions. It is a scientific method which is useful in problem solving and making decision by the managers. The Quantitative techniques could be Mathematical Quantitative Techniques, Statistical Quantitative Techniques and Programming Quantitative Techniques. Quantitative techniques are being used by researchers from various disciplines such as medical studies, social sciences and education etc. Decision making is crucial for the survival of a business therefore it is expected from business managers to have good understanding of quantitative techniques used in decision making process.
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