Which of the following is NOT one of the three approaches to market analysis?

The three primary approaches to market analysis are technical analysis, fundamental analysis, and quantitative analysis. Technical analysis focuses on historical price movements and patterns to forecast future price behavior, primarily using charts and various indicators. Fundamental analysis, on the other hand, evaluates a security's intrinsic value by analyzing related economic, financial, and other qualitative and quantitative factors.

Quantitative analysis employs mathematical and statistical methods to evaluate securities and market trends, often relying on complex models and algorithms.

Qualitative analysis, while important in some contexts, does not typically classify as one of the main approaches to market analysis. Instead, it often complements fundamental analysis by assessing non-numeric factors affecting a company's performance, such as management quality or market trends. Therefore, it does not represent one of the formal methodologies for market analysis alongside the others listed.