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Statistics in Data Science - Quiz(MCQ)
Quantitative Analysis refers to ______.
A)
Data collection
B)
Data interpretation
C)
Identify patterns and trends
D)
All of the above

Correct Answer :   All of the above


Explanation : The discipline of gathering and analyzing data with numbers and graphs to detect patterns and trends is known as quantitative analysis or statistical analysis.

Quantitative analysis is a strategy for understanding behavior that employs mathematical and statistical modeling, measurement, and investigation.

A particular reality is represented numerically by quantitative analysts. Quantitative analysis is used to measure, evaluate, and value financial instruments, as well as anticipate real-world occurrences.

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