Quantification (noun)

The act of determining the quantity or amount of something.

Origin:

Early 20th century: from quantification, from quantifiable, from quantificate, from quantifier, from quantify.

Examples:

1. Quantification of financial assets and liabilities is an important aspect of accounting and financial management.
2. The process of quantification involves assigning numerical values to variables and measuring their relationships.
3. Quantification helps researchers and analysts make sense of complex data and draw meaningful conclusions.
4. In chemistry, quantification refers to the measurement of the amount of a substance in a sample.
5. Quantification is essential for many scientific, engineering, and commercial applications, from medicine to economics.