Nobody downloaded yet

Quantitative Analysis - Research Paper Example

Comments (0) Cite this document
Summary
Quantitative analysis best practices can inform decisions for profit maximization as well as cost minimization. This paper discusses times series…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Quantitative Analysis
Read TextPreview

Extract of sample "Quantitative Analysis"

Download file to see previous pages of taste and preferences, time of the year, and economic changes among other factors and an understanding of occurrence of such seasonal factors and their effects on equilibrium price is necessary and is recommended. Times series analysis allows for identification of effects of trend and seasonality, that can then be separated in forecasting optimal price and is therefore necessary for effective planning and goal setting. Forecasted seasonality and trend informs on expected changes in optimal prices that can be used to retain customers and even attract new customers for a competitive market share. The analysis, based on an organization’s data or that of the industry’s average and the following equation, can forecast daily or weekly prices for unit commodities that the restaurant could sell.
Comparative analysis of cost and revenues is another recommended quantitative best practice for the business. Two approaches inform profit maximization and their understanding and use in the business will ensure optimal profitability. The difference between total cost and total revenue defines obtained profits and can be used to define profitability (Korrapati, 2014). Understanding the maximum level profit that an entity can achieve is more important for efficient resource utilization and this identifies the concept of marginal returns. Profit is maximized when marginal cost equals marginal revenues. Data analysis on difference between unit cost of a product and its unit price is therefore necessary for understanding the point of equality. This, however, relies on other practices such as optimal pricing that could use time series and cost accounting into determination of unit cost. The following mathematical equation expresses to optimization point.
The mathematical approach can also inform decisions on optimal prices given cost and production capacity. A restaurant has such capacity limitation to space and number of seats in the restaurant and with a known optimal number ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Quantitative Analysis Research Paper Example | Topics and Well Written Essays - 750 words - 1”, n.d.)
Quantitative Analysis Research Paper Example | Topics and Well Written Essays - 750 words - 1. Retrieved from https://studentshare.org/business/1696091-quantitative-analysis
(Quantitative Analysis Research Paper Example | Topics and Well Written Essays - 750 Words - 1)
Quantitative Analysis Research Paper Example | Topics and Well Written Essays - 750 Words - 1. https://studentshare.org/business/1696091-quantitative-analysis.
“Quantitative Analysis Research Paper Example | Topics and Well Written Essays - 750 Words - 1”, n.d. https://studentshare.org/business/1696091-quantitative-analysis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Quantitative Analysis

Quantitative Analysis

..., allowing a manager to see the collective impact of these variables. On the contrary a simple linear regression is a least square estimator of a regression model that has a single explanatory variable (Anderson et al., 2010). Mathematical Example: The beverage company is looking forward to forecast the future sales in order to increase the revenue. With the help of the regression analysis the company can identify the impact of different factors and variables on the overall sales. Some of the important variables in this regard can be: 1. Economic condition 2. Consumer preferences 3. Consumer Spending power The regression equation can be generated as follow: Y (Total Sales) = a + b1Economic Condition + b2Consumer...
3 Pages(750 words)Research Paper

Quantitative analysis

...?Time Series Analysis There are two types of analysis schemes, ly the qualitative analysis technique and the quantitative mode of analysis technique. Each of them has its own strengths and weaknesses, and they have a vast field under them. Time series analysis is an element of the same process and belongs to the quantitative mode of analysis. In the time series analysis, various other tools and techniques are available that make it a powerful tool in itself for the analytical processes that are quantitative in nature. As the name implies, this form of observation is based...
9 Pages(2250 words)Essay

Quantitative Analysis for Managers

...labour hour rate is method used under traditional costing. Based on the analysis of the above amounts we can deduce that traditional costing systems are not as accurate as ABC systems. Change in the method of allocating manufacturing overheads results in a 20% and 43% change in unit production cost of one kilo of Rona Loa and Colombian coffee respectively. The reason for the differences is that the traditional method determines the cost allocation using direct labor hours only, so a product with high direct labor hours gets allocated more of the overhead costs than a product with low direct labor dollars. The number of orders, setups, or tests the product actually uses does not impact the allocation of overhead costs...
3 Pages(750 words)Essay

Quantitative Analysis

...? Quantitative Analysis Quantitative Analysis Summary Sirin (2005) conducts a meta-analytic review of research on social economic status and academic achievement. He used a sample of 101,157 learners, 6,871 schools, and 128 districts obtained from 74 independent representative samples to determine the relationship between student’s achievement, and their economic associations (Sirin, 2005). His data analysis indicated that there was a positive relationship between the students socioeconomic and students’ achievement association. This means there was a relationship between class, source, range of socioeconomic status, and the type of socioeconomic status...
4 Pages(1000 words)Assignment

Quantitative analysis

...?Quantitative analysis Quantitative research involves collection and analysis of quantitative data. The type of data that the research method involves is objective, contrary to subjective data that researchers encounter in qualitative research. Like qualitative research, quantitative faces a number of challenges in its implementation and this paper evaluates some of the challenges of conducting quantitative research and analyzes the issues associated with sampling, validity, reliability, and bias. Quantitative research confounds exist that influences research results against independent variables’ forces and therefore challenges implementation of quantitative research. History confound, maturation confound, and testing confound... are...
4 Pages(1000 words)Research Paper

Quantitative Analysis

...Quantitative Analysis In the light of increased competition and rise of low fare airlines and discount rates in air charges it is wise to make structural changes that are capable of aligning the cost and revenue structure appropriately. The motto of the change should be the low cost and more revenue with increased efficiency. It can be suggested to reduce unit costs and increase revenues. But decline in domestic passenger flying did made an offset in the revenues. So further cost reduction and revenue enhancement is needed keeping in view the 'stimulators' and diverters. Without dissatisfying the diverters and not loosing the stimulators the plan must be in a comprehensive manner addressing all the...
15 Pages(3750 words)Essay

Quantitative analysis

...Article Critique of Quantitative Article Amarachi Akpuka July 28, Article Critique of Quantitative Article The paper critiques Hjaltadóttir et al.’s (2012) article, “Quality of Care in Icelandic Nursing Homes Measured with Minimum Data Set Quality Indicators.” Their research goal is to determine if Icelandic nursing homes provide quality care through the Minimum Data Set (MDS) quality indicators. Results showed high prevalence for declining quality of care. Background and Significance The researchers explained the background of the study well because it mentioned international and national initiatives for measuring health care quality. In addition, they did not directly present the research question in the introduction... as a quality of...
5 Pages(1250 words)Article

Quantitative analysis

...= 6 2x+ 4x+ x+ x5 = 20 2x+ x + x6 + x7 = 5 Question 8 Maximize Z= 26 x1+ 50 x2 Subject to 6 x1 + 8 x2 ≤38 6 x1 + 12x2 ≤ 42 x, x≥ 0 x1= 5; x2= 1 Maximum profit Z= 180 Question 9 Maximize P = 300x+ 200x+ 100x Subject to: x+ x ≤ 200 x+ x≥ 150 x≤ 50 x≥ 0, x≥ 0, x ≥ 0 x= 50 x1=100 x2=100 Maximize P= 55,000 Question 10 Minimize cost: 50x+ 10x+ 75x Subject to: x- x= 1000 2x+ 2x= 2000 x ≤ 1500 x, x, x ≥ 0 Works Cited Quantitative Techniques for...
1 Pages(250 words)Assignment

Quantitative Analysis

...Quantitative Article Critique Research Aim There are several issues and inquests as to whether cumulative effects of poverty affect cortisol in children, therefore, the study under focus is titled “Cumulative Effects of Early Poverty on Cortisol in Young Children: Moderation by Autonomic Nervous System Activity” and it is authored by Clancy Blair, Daniel Berry, Roger Mills-Koonce and Douglas Granger.The authors are motivated by inadequate research and literature on the same topic (Blair, Berry, Mill-Koonce &Granger, 2013). The primary aim of the study is to determine the effects of early socioeconomic disadvantage on children less than forty eight months. The study aims at both determining the effects of poverty... -10 (p 2669) included in the question that the child’s parent fills during every visit by the researchers. The child’s intelligence is measured using a predetermined formula foe intelligence quotient, which is important in determining the child’s cognitive abilities. However, this questionnaire on the child’s intelligence is administered when the child is thirty six months old. All the sample saliva from the children is assayed for cortisol. A variation of more than 20% in the salivary cortisol warrants for duplicate analysis(Blair et. all, 2013 p. 2670). Data Collection The participating families are visited by highly competent researchers at different intervals separated by twelve months...
5 Pages(1250 words)Assignment

Quantitative Analysis

...Week 4 assignment Quantitative Analysis College Week 4 Assignment Descriptive Statistics (Data set 36a) The descriptive statistics for a group of cities and their sales tax rates is computed below: Tax Rate Mean 5.71% Standard Error 0.65% Median 5.80% Mode 7.00% Standard Deviation 2.06% Sample Variance 0.0004 Kurtosis 0.27 Skewness 0.54 Range 6.80% Minimum 3.00% Maximum 9.80% Sum 57.10% Count 10 Correlation (Data set 48b) The correlation between Speed and Accuracy is -0.7636. This suggests that there is a very strong negative linear relationship between speed and accuracy. Thus, as the speed increases the accuracy decreases and vice-versa.   Speed Accuracy Speed 1 Accuracy -0.7636 1 t-Test: Paired (Data...
3 Pages(750 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Quantitative Analysis for FREE!

Contact Us