The basic procedure of a quantitative design is: 1  Make your observations about something that is unknown, unexplained, or new. 2  Hypothesize an explanation for those observations. 3  Make a prediction of outcomes based on your hypotheses. 4  Collect and process your data. 5  Verify your findings.
Unsourced material may be challenged and removed. (October 2014) (Learn how and when to remove this template message) A performance indicator or key performance indicator (KPI) is a type of performance measurement. KPIs evaluate the success of an organization or of a particular activity in which it engages.
Leading indicators are variables that tend to change before the economy as whole, which are commonly used in business cycle forecasting. Examples of leading indicators include the federal funds rate, interest rates, hours worked, unemployment claims, building permits for new homes and crude oil prices.