What are the types of Quantitative analysis?

The quantitative analysis combines mathematical and Statistical analysis, modelling and research to get the exact picture. Here the data mainly in the form of Numerals. Because the analysis will be measuring, performance prediction, price prediction, financial instruments etc., There are much Quantitative Analysis,

Nominal data type: It is just a label value. The value doesn’t hold any numeral value or any relationship between other values. The gender and occupation of a citizen. By default, we can’t change the terms into any numeral forms.

Ordinal data type: It is renowned as Categorical data. In this data type, we can categorize the data according to the priority. For example, ten people, 1000 fishers, etc.,

Interval data type: Interval data type will be the range or some scale. Most of the values will be absolute and accurate. It possesses both integers as well as float values.

Ratio data type: It will mirror the Interval data type, but it has a substantial fraction or partition among two values sets. For instance, the height, weight of the person.

REFERENCE: https://doi.org/10.1016/j.ijrmms.2021.104710