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Quantitative Data

Categories:
Enterprise technology
| Contributor:
Andrew Pham
Tags:
Technology
Information age

Definition

Also known as Numerical Data, 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. This data is any quantifiable information that can be used for mathematical calculations and statistical analysis, such that real-life decisions can be made based on these mathematical derivations. Quantitative data is used to answer questions such as “How many?”, “How often?”, “How much?”. This data can be verified and can also be conveniently evaluated using mathematical techniques.

Example

Product price, product quantity, total amount,...

Source and advanced materials

https://www.questionpro.com/blog/quantitative-data/amp/

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