Question

Data are always quantitative in nature. Explain.​

Answer 1

Answer:

Quantitative data is defined as the value of data in the form of counts or numbers where each data-set has an unique numerical value associated with it.

Answer 2

Data are always quantitative in nature.

• The statement is correct because, data are nothing just numerical numbers, and quants deal with numbers.
• They are interconnected with each other and help in accessing the events.
• Quantitative techniques are used in management as they are totally based on data, without data they cannot analyze anything.
• Data are highly used in statistics, operation research, economics, and mathematics.