We know that quantitative analysis approach includes a high level overview of the importance of identifying the problem, developing a model, acquiring input data, developing a s

Welcome to the Discussion Forum!

Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be a minimum of 300 words in length, and, you should respond to two additional posts from your peers. 

For your follow up post…review the responses provided by your peers. Engage in conversation, or even civil debate, as you discuss their insights and viewpoints. You may ask questions for clarification (if you are confused by their initial post) or pose questions that advance the conversation. You might even find a topic that leads you to further research in the area! 

Introductions

Hello Class! For this discussion please respond to the following questions:

Question
We know that quantitative analysis approach includes a high level overview of the importance of identifying the problem, developing a model, acquiring input data, developing a solution, testing the solution, analyzing results, and implementation. Can you give a simple example in business to explain how this approach is applied?