Analytical methods are useful in any business setting as well as in a variety of fields where the results of an undertaking must be evaluated so as to determine success. Both qualitative and quantitative methods are applied in business evaluation. Quantitative method is applied in some specific fields which require that evaluation be conducted. The evaluation being conducted usually involves a wide variety of methods and techniques that are strictly analytical. This is used to determine business performance by the use of data as well as statistical methods.
Originally posted 2016-10-25 09:59:48.