bilat

quantitative approach

quantitative approach

quantitative approach

define the problem, data collection, data analysis, solution development, implementation, monitoring and adjustment

define the problem

data collection

data analysis

solution development

implementation

monitoring and adjustment

descriptive research, correlational research, experimental research, survey research, simulation and forecasting

descriptive research

correlational research

experimental research

survey research

simulation and forecasting

regression models, decision models, optimization models, predictive models, simulation models

regression models

decision models

optimization models

predictive models

simulation models

nominal scale, ordinal scale, interval scale, ratio scale

credit scoring models, risk scoring models, decision scoring models, customer scoring models

quantitative method

object analysis

generalizability

predictive capabilities

replicability

statistical validity