quantitative-research

Vocabulary Word

Definition

Quantitative research refers to collecting numerical data that can be changed into figures. It's like when you do a survey and collect people's ages, incomes, or how many apples they eat each day.

Examples in Different Contexts

Quantitative research in finance involves analyzing financial data and trends to make investment decisions. A financial analyst might state, 'Through quantitative research, we've developed models that predict market movements with high accuracy.'

Practice Scenarios

Creative

Scenario:

Although viewership is growing for our web-series, we still need precise statistics to understand where we stand in comparison to others in the market.

Response:

Good idea. Quantitative research will give us hard data on our web-series' performance compared to other market offerings.

Business

Scenario:

Our competitor's product launch has had a significant impact on our sales. To understand and address this issue, we need accurate data.

Response:

I agree. Let's conduct quantitative research to gather data about our customers' purchasing behaviour since the competitor's product launch.