(Answered) : 1. Describe ways business leaders can benefit both financially and socially from quantitative data analyses. 2. Explain how y

1. Describe ways business leaders can benefit both financially and socially from quantitative data analyses.

2. Explain how you can directly apply perspectives on promoting positive social change to professional practice pertaining in a research study

Expert Answer

1. Quantitative data analysis is helpful for all business verticals including marketing,operations, manufacturing etc. Analaysis of customer data helps forecast demand SKU (stock keeping unit) wise. It helps in inventory management based on forecasted demand. Thus it reduced working capital and enhances return on equity (ROE). Freight analysis allows for load optimization and consolidation thereby reducing average freght per unit of SKU.

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