Quantitative Techniques in Business

Added on - 29 Dec 2020

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QUANTITATIVETECHNIQUES IN BUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................31. Graphical presentation of different variables..........................................................................32. Correlation analysis.................................................................................................................53. Regression analysis..................................................................................................................7CONCLUSION AND RECOMMENDATION..............................................................................8REFERENCES..............................................................................................................................10
INTRODUCTIONAt present most of the organisation lays of emphasis on using quantitative tools andtechniques for resolving issues. Moreover, quantitative tools present clear view of business issueor problem and thereby helps in formulating appropriate strategic framework. The present reportis based on the case situation which in turn provides deeper insight about the extent to whichincome level is influenced from several other factors. Further, it will also develop understandingabout statistical tools such as correlation, regression etc and presents how they aid in decisionmaking. In this assignment , it will provide understanding about relationship between the twovariables . This study will support in understanding about the quantitative techniques which areused in business. Moreover, it will include discussion on the strength of relationship betweenratios. This present study will assist in better understanding of the quantitative techniques. Withthe help of these techniques businesses are able to identify the correlation between two variablesto determine the outcome for decision making. The main reason for this assignment is to providebetter understanding to the business about the quantitative techniques so that they are able to usethis techniques inn the proper way to derive effective results for decision making.1. Graphical presentation of different variables(i)Income level and Years of post-16 education
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