Quantitative analysis is a process of collecting and evaluating measurable and verifiable data such as revenues, market share, and wages. It is used to determine the absolute or relative abundance of one, several, or all particular substances present in a sample in analytical chemistry). In finance, quantitative analysis is an approach that emphasizes mathematical and statistical analysis to help determine the value of a financial asset, such as a stock or option. The main task of a quantitative analyst is to present a given hypothetical situation in terms of numerical values.
Quantitative analysis encompasses three main techniques of measuring data: regression analysis, linear programming, and data mining. It is used for the evaluation of a financial instrument and predicting real-world events such as changes in GDP. Quantitative analysis also helps individuals to make informed product-planning decisions.
Quantitative analysis is different from qualitative analysis, which seeks information about the identity or form of substance present). Qualitative analysis may take place with quantitative analysis, but quantitative analysis requires the identification (qualification) of the analyte for which numerical estimates are given).
Some advantages of quantitative research include that it is objective, measurable, and can be statistically analyzed. It is used to understand patterns in the past, present, and future.
