Which analysis method includes techniques like cost-benefit analyses?

The answer is based on the characteristics of quantitative analysis, which focuses on numerical data and measurable outcomes to evaluate risks and make decisions. Techniques such as cost-benefit analyses fall under this category because they involve calculating the financial implications of adopting a certain risk management strategy versus the potential benefits.

Quantitative analysis relies on statistical methods and mathematical models to provide clear, rational evidence that can guide business or risk management decisions. The emphasis is on data that can be measured and analyzed numerically, allowing for objective comparisons of various options.

In contrast, qualitative analysis focuses on descriptive data and subjective judgments that may not involve numerical evaluation. Statistical analysis primarily uses statistical methods but doesn't necessarily include the practical application to risk management decision-making in the same way quantitative analysis does. Risk assessment analysis may encompass a variety of methods, but it is generally broader and not specifically centered on the calculative approach typical of cost-benefit analyses seen in quantitative analysis.