Quantitative Techniques

Classification of valued Techniques There are distinguishable types of quantitative techniques. We can classify them into three categories. They are 1. Mathematical Quantitative Techniques 2. Statistical Quantitative Techniques 3. Pprogramming Quantitative Techniques Mathematical Quantitative Techcniques A technique in which quantitative data are used along with the principles of maths is known as mathematical quantitative techniques. Mathematical quantitative techniques have-to doe with 1. Permutations and Combinations Permutation mearns arrangement of objects in a definite order.The repress of arrangements depends upon the intact get along of objects and the number of objects taken at a time for arrangement. The number of permutations or arrangements is calculated by using the following formula= n n r Combination mearns selection or grouping objects without considering their order. The number of combinations is calculated by using the following formula= n n r 2. Set Theor ySet theory is a forward-looking mathematical device which solves various types of critical problems. QuantitativeTechniquesforBusiness 5 SchoolofDistanceEducation 3. Matrix Algebra