by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is Quantitative Analysis?Quantitative analysis (QA) refers to a measure or an approach to understanding a particular behavior through the application of mathematical or statistical models. Quantitative analysis is used for many purposes and in many fields, it...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is a Poisson Distribution?A Poisson distribution refers to a statistical distribution reflecting the possible number of times in which an event would occur within a given timeframe. It is utilized for independent events that happen at a consistent rate within a...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is Qualitative Analysis?The qualitative analysis started as an analysis technique in chemistry before its use extended to different disciplines and fields. It is a form of analysis that seeks to identify the qualities of a particular specimen or elements in a...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is Two-Way ANOVA?A two-way ANOVA is a one-way ANOVAs extension, a statistical test used to examine the effect of two different variables on one continuous dependent variable. Besides assessing the main effect of each independent variable, ANOVA also assesses to...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is Stochastic Modeling?Stochastic modeling is a form of statistical modeling, primarily used in financial analysis. It forecasts the probability of various outcomes under different conditions, using random variables, based upon or accounting for certain levels of...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is Hypothesis Testing?In statistics, hypothesis testing is an action in which securities or financial analysts test an assumption or a prediction related to a population parameter. There is no set method for hypothesis testing, as the nature of the data used and...
