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Examveda

The qualitative approach to decision analysis relies on.

A. Experience

B. Judgement

C. Intuition

D. All of the above

Answer: Option D

Solution(By Examveda Team)

The qualitative approach to decision analysis relies on Experience, Judgement and Intuition. Quantitative analysis is the process of collecting and evaluating measurable and verifiable data such as revenues, market share, and wages. Quantitative analysis helps in evaluating performance, assessing financial instruments, and making predictions.

This Question Belongs to Management >> Operations Research

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The use of decision models.

A. Is possible when the variables value is known

B. Reduces the scope of judgement & intuition known with certainty in decision-making

C. Require the use of computer software

D. None of the above