Learn more about the common types of quantitative data, quantitative data collection methods and quantitative data analysis methods with steps. Quantitative Writing - This module is part of Starting Point and provides information, tutorials, and examples that aid in using quantitative writing in the classroom. The collected data can be further interpreted into valuable information that is utilized in almost all the fields of life; including research, etc. Medical Author: William C. Shiel Jr., MD, FACP, FACR; Quantitative: Having to do with quantity or with the amount. Quantitative data is defined as the value of data in the form of counts or numbers where each data-set has an unique numerical value associated with it. Quantitative research gathers data from the potential and existing customers via sampling methods like surveys, polls, and questionnaires. Qualitative data instruments such as observation, Characteristics of Quantitative and Qualitative: Description: Quantitative: Quantity is something that can be counted or measured. Quantitative adjectives are of great significance as they are the mode of interpretation of figures and numerical data. Quantitative writing tasks students with analyzing and interpreting numbers and data through writing to bring meaning to the data. Berg and Howard (2012) characterise qualitative research as meanings, a concept, a definition, metaphors, symbols and a description of things. Among the most common techniques are â¦ 1. On the other hand, a researcher who completes a quantitative analysis These can be broadly classified into several popular groups. A lot of quantitative tools have been developed to aid managers in effective decision-making. This definition clearly show that qualitative research contains all necessary instruments that can evoke recall which aids problem-solving. Letâs go through this definition step by step. Predicting the amount of demand for a product is always dicey. Quantitative techniques help a manager improve the overall quality of decision making. Product mix and scheduling get analyzed to meet customer demands and maximize profits. Quantitative: Quantitative has a lot to do with the quantity of an object or a person. 2; e.g., a researcher may conduct a focus group first to aid in the development of an instrument such as a survey. Synonyms for quantitative include assessable, calculable, computable, measurable, numerical, quantifiable, ratable, reckonable, gaugeable and material. Qualitative: Qualitative has a lot to do with the quality or the attribute of an object or a person. See also qualitative. Quantitative analysis is the use of mathematical and statistical methods (mathematical finance) in finance.Those working in the field are quantitative analysts (or, in financial jargon, a quant).Quants tend to specialize in specific areas which may include derivative structuring or pricing, risk management, algorithmic trading and investment management. Quantitative techniques aid in evaluating multiple proposals for costs, timing, location and availability of transportation. Quantitative Decision-Making. Purchasing and Inventory. These techniques are most commonly used in the rational/logical decision model, but they can apply in any of the other models as well. Although the quantitative and qualitative approaches to research are different, they can be complementary when used together. An aid of five billion US dollars was given for the welfare of the flood victims. The result of this research can be depicted in the numerical form. Understanding & defining Quantitative Research Quantitative research is a systematic investigation of collecting quantifiable data through statistical, computational or mathematical techniques. home / medterms medical dictionary a-z list / quantitative definition Medical Definition of Quantitative. The following definition, taken from Aliaga and Gunderson (2000), describes what we mean by quantitative research methods very well: Quantitative research is âExplaining phenomena by collecting numerical data that are analysed using mathematically based methods (in particu-lar statistics)â.