Forming Strategy Important Qualitative Information Intuition Quantitative Data Exceptions Q34185884

In forming strategy, what is more important: qualitativeinformation and intuition, or quantitative data? Why? Are there anyexceptions to your opinion? I need a original answer, not the sameanswer from other expert’s answer.

Expert Answer

qualitative information andquantitative information complement each other, so one informationshould be used to support the another information while forming astrategy. Though, with presence of historical data, past trends andstatistics, quantitative data or information is used. Analysis suchas regression analysis, determinant, cluster and factor analysisare used to form the strategy.

when the topic is new, futuristicwith no past data available, qualitative data collected fromexperts, such as Delphi