What are the key differences between qualitative and quantitative designs?
In the realm of Business Intelligence (BI), understanding the differences between qualitative and quantitative designs is essential for data analysis. Qualitative data refers to non-numerical information that captures concepts, opinions, and experiences. It's often descriptive and collected through interviews, focus groups, or observation. This type of data is invaluable for gaining insights into behaviors, motivations, and the 'why' behind certain trends. On the other hand, quantitative data is numerical and can be measured or counted. It's typically gathered through surveys or experiments and is used to quantify problems, opinions, or other defined variables. This data is crucial for statistical analysis and making data-driven decisions.