Numerical-based

A term describing something that relies primarily on numbers, quantities, or mathematical principles as its foundation, methodology, or evidence. It emphasizes the utilization of numerical data for analysis, calculation, or decision-making. The approach prioritizes quantifiable information, statistical analysis, and computational processes to derive conclusions or solve problems. numerical-based systems often involve algorithms, models, and data-driven processes. The strength of a numerical-based system lies in its capacity to provide objective, quantifiable results, but it might lack qualitative context or human interpretation to fully inform the decision-making process. Numerical-based analysis is widely applied in various fields such as finance, scientific research, and engineering for tasks that can include forecasting or risk assessment. This contrasts with approaches centered on qualitative analysis, which utilizes descriptive rather than numerical information. Thus, understanding the applications is key to identifying where this approach offers advantages.

Numerical-based meaning with examples

• The financial model was entirely numerical-based, employing complex algorithms and statistical methods to predict market trends and investment returns, ignoring all stakeholder input. The output was accurate, but the outcome wasn't understood.
• Scientists created a numerical-based simulation to model the impact of climate change, using equations to represent physical and chemical processes, ignoring non-quantitative inputs. This data would be used by policymakers to develop the optimal strategy.
• The engineer designed a bridge using numerical-based calculations to ensure structural integrity, calculating the precise dimensions and material strength and completely ignoring any potential hazards.
• The company's performance review process was numerical-based, ranking employees based on key metrics such as sales figures and customer satisfaction scores, overlooking qualitative factors like team collaboration and communication skills.
• The research study utilized a numerical-based approach, analyzing quantitative data from surveys and experiments to draw conclusions about the effects of a new medication, using no descriptive data and little contextual data.