PPT Slide
Quantitative
- more complicated
- more expensive
- time consuming
- more precise
- changes quickly
- many assumptions
- very detailed results
- minimal expertise
- Qualitative
- simpler
- less expensive
- time efficient
- more accurate
- changes slowly
- experience-based
- less detailed results
- need real experts
Qualitative vs. Quantitative
Ultimately, judgments have to be made,
and better experts make better judgments.