Unleashing the Potential:

Harnessing the Power of

Quantitative Techniques Presented By:
Shashwat
Mahima
Nandini
Priyanka
Presented to: Ravi
Prof. Sumit Maheshwari Hitesh
Anjali
 INTRODUCTION

 Data collection: Compiling pertinent information from a range of sources, such as external websites, sensor
networks, and internal databases. This could include unstructured data (text, photos), semi-structured data
(XML, databases, and spreadsheets), or unstructured data (text, photographs, and so on). JSON).
 Data Analysis: Examining, condensing, and interpreting the data using analytical, statistical, and mathematical
methods. Prescriptive analytics can be used to suggest actions based on data insights, predictive analytics to
estimate future outcomes, and descriptive analytics to comprehend historical trends.
 Interpretation: Comprehending the data analysis's consequences in light of the current choice. This entails
evaluating the possible risks and uncertainties connected to various courses of action as well as converting data
insights into practical suggestions.
 Action: Putting decisions into practice that are informed by data analysis insights. This could be making changes
to business plans, assigning resources, streamlining procedures, or starting new projects in order to take
advantage of chances or overcome obstacles.
 QUANTITATIVE TECHNIQUE

Operational
Statistical Mathematica
Research
Analysis l Modelling
Techniques

Machine
Data Mining
Learning
APPLICATIONS OF QUANTITATIVE TECHNIQUE

Risk Analysis and Management

Quantitative Risk Assessment Decision Trees

Operations Research and Optimization

Linear Programming Supply Chain Optimization

Forecasting and Time Series Analysis

Time Series Forecasting Regression Analysis
BENEFITS OF QUANTITATIVE TECHNIQUE

Objective
Strategic
Decision Making Forecasting and
Anticipation
Improved
Accuracy
Efficient Decision
Support Systems
Risk Management
LIMITATIONS OF QUANTITATIVE TECHIQUE

Data Quality Issues Ethical and Social

Considerations

Complexity and Resource and Expertise

Interpretability Requirements

Human Judgment and

Uncertainty and Risk
Intuition
 TOOLS AND TECHNIQUES

 Statistical software (e.g., R, Python, SPSS)

 Data visualization tools (e.g., Tableau, Power BI)
 Optimization software (e.g., MATLAB, GAMS)
 IBM ILOG CPLEX This Photo by Unknown Author is licensed
under CC BY-SA

 RapidMiner
 LINDO/LINGO

This Photo by Unknown Author is licensed under

FUTURE TRENDS AND OPPORTUNITIES

Big Data and AI and Machine Quantum

Advanced Analytics Learning Integration Computing
 CONCLUSION

In conclusion, it is indisputable that quantitative methods have great influence in decision science. These
methods give organizations the resources and approaches needed to assess complicated issues, extract

get knowledge from data, and make wise choices that provide you a competitive edge and success.
Quantitative techniques provide a broad range of methodologies to address decision-making difficulties
across multiple domains, ranging from statistical analysis and mathematical modelling to optimization,
data mining, and machine learning.
 As we move forward, the role of quantitative techniques in
decision science is expected to continue evolving, driven by
advancements in technology, data analytics, and interdisciplinary
collaboration. As organizations embrace big data, artificial
intelligence, real-time analytics, and ethical AI, the opportunities
for leveraging quantitative techniques to make better decisions will
only expand.
This Photo by Unknown Author is licensed under CC BY-SA