What are the Challenges of Using Quantitative Analysis?
While quantitative analysis offers numerous benefits, it also presents several challenges:
- Data Quality: Ensuring the accuracy and reliability of data can be difficult. - Complexity: Advanced statistical methods and tools may require specialized knowledge and skills. - Interpretation: Translating numerical data into actionable insights can be challenging. - Overreliance: Excessive dependence on quantitative data may lead to the neglect of qualitative factors such as employee morale and customer satisfaction.