What are qualitative control and quantitative control explain its method?
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ADVERTISEMENTS: Quantitative or traditional methods of credit control include banks rate policy, open market operations and variable reserve ratio. Qualitative or selective methods of credit control include regulation of margin requirement, credit rationing, regulation of consumer credit and direct action.
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Controllability measures the ability of a particular actuator configuration to control all the states of the system; conversely, observability measures the ability of the particular sensor configuration to supply all the information necessary to estimate all the states of the system.
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