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Business Analytics: Definitions, Merits, Demerits, and Real Life Application

   

Added on  2023-01-13

9 Pages932 Words73 Views
Business Analytics

Definitions
Quantitative Variables
• In both business and classical statistics, quantitative variables can be
defined as variables that results from counting or measuring a factor
such as sales, income change etcetera (Halo, 2018).

Qualitative Variables
• Qualitative variables also referred to as categorical variables are
variables which do not take numerical values. These variables are
classified into nominal or ordinal (Stephanie,2013).

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