The role of quantitative techniques in decision making process Abstract: The second half of the 20th century has been marked by rapid advances of research methods in real problem solving, with rapid progress of the information technology and important structural and institutional changes that shaped a new landscape of the corporate and economic environment towards globalization of markets and trade.
Bibliography Definition Quantitative methods emphasize objective measurements and the statistical, mathematical, or numerical analysis of data collected through polls, questionnaires, and surveys, or by manipulating pre-existing statistical data using computational techniques. Quantitative research focuses on gathering numerical data and generalizing it across groups of people or to explain a particular phenomenon.
The Practice of Social Research. Wadsworth Cengage, ; Muijs, Daniel. Characteristics of Quantitative Research Your goal in conducting quantitative research study is to determine the relationship between one thing [an independent variable] and another [a dependent or outcome variable] within a population.
Quantitative research designs are either descriptive [subjects usually measured once] or experimental [subjects measured before and after a treatment]. A descriptive study establishes only associations between variables; an experimental study establishes causality.
Quantitative research deals in numbers, logic, and an objective stance. Quantitative research focuses on numeric and unchanging data and detailed, convergent reasoning rather than divergent reasoning [i. Its main characteristics are: The data is usually gathered using structured research instruments.
The results are based on larger sample sizes that are representative of the population. The research study can usually be replicated or repeated, given its high reliability. Researcher has a clearly defined research question to which objective answers are sought.
All aspects of the study are carefully designed before data is collected. Data are in the form of numbers and statistics, often arranged in tables, charts, figures, or other non-textual forms.
Project can be used to generalize concepts more widely, predict future results, or investigate causal relationships.
Researcher uses tools, such as questionnaires or computer software, to collect numerical data. The overarching aim of a quantitative research study is to classify features, count them, and construct statistical models in an attempt to explain what is observed.
Things to keep in mind when reporting the results of a study using quantitative methods: Explain the data collected and their statistical treatment as well as all relevant results in relation to the research problem you are investigating.
Interpretation of results is not appropriate in this section.
Report unanticipated events that occurred during your data collection. Explain how the actual analysis differs from the planned analysis. Explain your handling of missing data and why any missing data does not undermine the validity of your analysis.
Explain the techniques you used to "clean" your data set. Choose a minimally sufficient statistical procedure; provide a rationale for its use and a reference for it. Specify any computer programs used. Describe the assumptions for each procedure and the steps you took to ensure that they were not violated.
When using inferential statistics, provide the descriptive statistics, confidence intervals, and sample sizes for each variable as well as the value of the test statistic, its direction, the degrees of freedom, and the significance level [report the actual p value].
Avoid inferring causality, particularly in nonrandomized designs or without further experimentation. Use tables to provide exact values; use figures to convey global effects. Keep figures small in size; include graphic representations of confidence intervals whenever possible.
Always tell the reader what to look for in tables and figures. When using pre-existing statistical data gathered and made available by anyone other than yourself [e.
Wadsworth Cengage, ; Brians, Craig Leonard et al.Free Essay: Quantitative Methods Unit 1 Statistics Project A Report Comparing Property Prices in Jesmond & Wallsend Example of average property in.
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Peg was to report back by February 26 with the answer, along with quantitative and graphical descriptions of the relationship.
We will write a custom essay sample on Quantitative Methods for Business specifically for you. Quantitative Research Methods Quantitative means quantity which implies that there is something that can be counted.
Quantitative research has been defined in many ways. It is the kind of research that involves the tallying, manipulation or systematic aggregation of quantities of data (Henning, ) John W. Creswell defined quantitative research as an inquiry into a social or human problem. Quantitative Methods and Analysis Unit 1 Db Essay.
BUSNA 02 Quantitative Methods and Analysis Unit 1 DB Leonidas Murembya July 22, My first choice is the face-to-face data collection attheheels.com population health surveys trend to rely on five main methods of data collection, the one that I am doing is the Face-to-Face interview.
The role of quantitative techniques in decision making process. Abstract: The second half of the 20th century has been marked by rapid advances of research methods in real problem solving, with rapid progress of the information technology and important structural and institutional changes that shaped a new landscape of the corporate and economic .