Quantitative tools

Abstract

In this chapter, I will discuss tools for quantitative analysis. Politicians talk quite often about the economy. They prefer words like “good,” “nice,” and “fine.” They rarely deal with exact quantities (numbers). And if they use numbers, they quite often lack skillfulness (e.g., speaking of “increase in GDP” instead of “increase in GDP per capita.” The same is at least sometimes true for managers. The closer one looks to the top in an organization, it sometimes seems, the weaker is the ability to work with numbers. Helping to overcome this deficit is the reason for this chapter.