Role of Statistics in Quantitive Analysis

Quantitative analysis is a type of analysis that uses statistics to evaluate numerical data.

  1. Definition

    • Quantitative analysis is a term that refers to a method of analysis that posits a statement, or hypothesis, and then attempts to disprove that statement by examining the data. Statistics is a tool used to analyze the data.

    Statistical significance

    • Perhaps one of major benefits of quantitative research is that it provides a technique for determining whether results are statistically significant, meaning the likelihood that the results of the study would be same if the research were repeated.

    Practical significance

    • Quantitative analysis also has practical significance. Quantitative measures typically look at "size," be it the incidence of occurrence in a population or the magnitude of that occurrence.

    Clinical significance

    • Quantitative research, in its use of statistics, can have clinical significance. Clinical significance refers to whether a change makes an actual difference. A good example of this is in medical studies when some participants are given the actual medicine, with balance receiving the placebo.

    Qualitative Analysis

    • Combining qualitative and quantitative statistical analysis produces several benefits. These benefits include triangulation (a check-and-balance of sorts), complementary results (an enhancement of findings), and development (using the finding from one type of analysis to form the basis of a finding in the other type).

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