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Quantitative analysis is a subject broadly based on mathematics, statistical analysis and data interpretation. It revolves around the conversion of real situations into mathematical equations and statistical data by inserting variables, measurements and research. It includes statistical methodologies and computational methodologies of analysis. The subject procures a wide range of application in any kind of research, performance evaluation, finding potential in a financial instrument and even in predicting realistic computations such as the GDP of a nation. Its importance can be illustrated by considering that governments throughout the world use quantitative analysis to create economic policies including the monetary economic policies.
In the industries related to finance and financial services, quantitative analysis is utilized to analyse and predict investment opportunities. Hence, a quantitative analyst has to be well aware of the business and investment trends around the world along with statistical data to help in the analysis of future investors’ magnet.
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