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Commercial Practice - Essay Example
Pages 14 (3514 words)
Quantitative models are used by various individuals, organizations, researchers, analysts, in various different fields of study. The one thing that is most intriguing about the use of quantitative models is the fact that all quantitative models, whether financial, marketing, or general in nature are based on certain assumptions…
Generally in most cases, there are certain three distinct states that can generally require the usage of a quantitative model.
In a case where we are unable to observe such a stipulation not being contented then every model that is being considered will have to be forced to ascribe mathematical values for the incompetent characteristics or attitudes , that can ultimately guide to distortions in several conclusions that are consequently obtained from each of the models
Still, wherever all of the significant issues are quantified, there can exist other issues those that are linked with the information and data that may prevent the exploitation of a quantitative model. If for instance the specific data are undependable or in some cases are exceedingly pricey in terms of the time it may require to be collected in or the funds it would cost to assemble, then in the above cases the use of a quantitative model might not be appropriate feasible.
2. The rationale ought to rivet a certain intensity of prejudice or delineation which can only be attained through certain specific mathematical and quantitative comparisons. Some examples of these maybe :
It is said by researchers and analysts that if the chief rationale seems to be achievable devoid of the use of a certain specific quantitative model, it is then advised to inquire about the response in a non-quantitative manner. ...