Quantitative Techniques for Business
3 videos • 99 views • by Suman Kumar Deb Quantitative Techniques for Business refers to the application of mathematical, statistical, and analytical tools to solve business problems and support decision-making. These techniques help in analyzing data, optimizing operations, forecasting trends, and making strategic decisions. By using quantitative methods, businesses can make more accurate, data-driven choices in areas like finance, marketing, production, inventory management, and human resources. Key Focus Areas: Data collection and analysis Decision-making models Optimization techniques Probability and statistics Forecasting and trend analysis These techniques are essential for managers and business professionals to improve efficiency, reduce costs, and increase profitability.