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Research Methodology and Quantitative Techniques
Research Methodology and Quantitative Techniques
Research Methodology and Quantitative Techniques
QUANTITATIVE TECHNIQUES
SEMESTER – I
SYLLABUS
BLOCK – I :
Unit 1 : Research Process
Fundamentals of Research process ; Role
of Research in Business Decision Making ;
Types of Research ; Steps in Research process ;
classification of Research ; Contents of Research
Proposal ; Case Study : Research Proposal.
SYLLABUS contd.
Unit 8 : Correlation
Introduction to correlation ; Significance of
correlation ;Types of correlation ; coefficient of
correlation.
SYLLABUS cont…
Unit 9 : Regression
Introduction to Regression ; Regression
equations ; Linear and Multiple Regressions;
Difference between Correlation and Regression;
Uses of Regression.
SUGGESTED READING
SOMETHING OCCURS.
TO TEST A HYPOTHESIS OF A CAUSAL
ESTABLISHED TRUTH.
TO ORGANIZE DATA IN QUANITATIVE TERMS.
TYPES OF RESEARCH
BASIC RESEARCH ( PURE RESEARCH)
APPLIED RESEARCH
BASIC RESEARCH :
The Objectives for which business research
is conducted can differ between pure science or pure
discipline and management discipline.
The research which aims to establish some theory is known as
BASIC RESEARCH.
BASIC RESEARCH
Basic research generally focuses on
understanding the phenomenon ,discovering
new area of knowledge ,interpret and establish
facts or principles in a specific discipline ,etc.
Eg. :
How the consumers react to the change in price of a
commodity.
How training and incentives influence the employee’s
productivity, etc.
APPLIED RESEARCH
The research conducted for solving practical problems
with the use of theories is considered as APPLIED
RESEARCH. Applied research aims at investigation of
a specific problem and its solution. It applies various
theories and principles. It focuses more on
managerial problems and their solutions.
Eg.
Identifying the reasons for company’s sales reduction.
Building a new marketing strategy.
Although the objective and focus of both the
research forms differ ,there is not much difference
in the methods and tools of conducting a research.
RESEARCH METHODOLOGY
DEFINITION OF BUSINESS RESEARCH :
A systematic enquiry or an objective process
of collecting ,recording and analysing data
for the purpose of making business
decisions.
Thus , business research aims to help
enterprises to solve present management
problems or enable the organizations to
forecast and predict future market scenario.
BUSINESS RESEARCH
SCOPE OF BUSINESS RESEARCH
Business research is used to solve
various management problems
faced by the enterprises.
Operational issues are the issues
related to the function of enterprise,
such as supply chain management,
inventory management, knowing
employees’ satisfaction and
motivation level , etc.
BUSINESS RESEARCH
Market related problems include
analysis and predicting buyers’ and
competitors’ strategies and its
resultant effect on a company’s profit;
analysis of financial conditions ;
forecasting the return on investment.
etc.
PARAMETERS FOR UNDERTAKING BUSINESS
RESEARCH
Availability of data :
For any business research ,the various
types of data are required , such as
population data, sales data ,
investment data , salary data ,data on
inflation ,exchange rate data etc.
When these data not available
,research cannot be conducted.
PARAMETERS OF BUSINESS RESEARCH
Nature of Decision :
Certain decisions are taken in the day-to-day
business activities which do not possess
greater importance or they do not require
systematic data analysis . Thus , a routine
tactical decision that does not require a
substantial investment may not seem to
warrant a large amount of expenditure for
research.
PARAMETERS OF BUSINESS RESEARCH
Developing a little
Working of conceptual model
Formulation of hypothesis
Operational definition of
concepts
Research design :
Formulation of hypothesis
Methods of investigation
Sampling design
Constructing of Schedule or
Questionnaire
Data collection
Analysis of Data
Interpretation of Results
Reporting the Findings
Data collection Methodology :
Sources of data :
1 # Primary data 2 # Secondary data
Definition of primary data : This is first hand
and original data. This is collected for the
first time by the investigator himself. Primary
data are collected for a specific purpose.
Definition of Secondary data : Those data
which are collected by some one else and not
original (or fresh) and not first hand are called
secondary data. Secondary data are
compiled but not collected.
Differences between Primary and
Secondary data
1# Fresh or original 1# Not fresh or not
in nature. original.
2 # Collected for the 2# This is compiled
first time by the and second hand
investigator. data.
3# Collected for a 3# Collected for
specific purpose. some other purpose.
e.g.for administrative
purpose, for research
use etc.
Differences between Primary and
Secondary data
4# Time consuming 4# Time saving and
and more expensive. less expensive.