picture - i.e. the solution to given problem. The researcher should also be able to convey the research in an accessible format, that is the research must be easy to make use of. This might mean illustrating hundreds and hundres of numbers, for e.g the ages of women working in childcare, into categories of relevance such as the region they live in or their ethnic background, depending on the question being asked. Types of Research Quantitative and Qualitative Quantitative research is the collecting
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surroundings of his marketplace.Along with the internal factors about your business, you also need to have completeunderstanding about the external factors affecting your products, services and overall business.Business research comes forward as the best solution to this dilemma. Business or industryanalysis is the systematic process of gathering all the relevant market data, which is thenorganized and analyzed to draw conclusions that are relevant to your industry. These reportscontain essential information
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In order to provide a better understanding, solution, or proof to turn a hypothesis into a theoretical practice; data must be collected to provide a confirmation. Since the beginning of time that man has been able to remember, we have collected data whether through stories that have been passed through generations, to actual recordings that began on stone tablets and currently remain saved in computers, books, and physical memory. We have relied on the collection of data to make decisions that
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production cost and maximizing profit in an environment of more products, more complexity, more choice and competition is placing great stress on the effectiveness of their planning of activities in the product kind. Organizations have already adopted solutions with varying degrees of planning and scheduling capabilities. Yet, operations executive acknowledge that these same systems are becoming out dated, lacking the speed, flexibility and responsiveness to manage their increasing complex production environment
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research for marketing purposes. Consumers use research for the best purchases and so on. The scientific method is considered the most effective way to test data. “Research is a process of steps used to collect and analyze information to increase understanding of a topic or issue” (Cresswell, 2008). Scientific Method The scientific method is a method of investigating. The scientific method is done in steps starting with defining a question. One need to understand exactly what it is that is to
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Process 3. Identification of Research Problem. 4. Defining MR problems 5. Research Design 6. Data – Collection Methodology, Primary Data – Collection Methods / Measurement Techniques – Characteristics of Measurement Techniques – Reliability, Validity etc. – Secondary Data Collection Methods – Library Research, References – Bibliography, Abstracts, etc. 7. Primary and Secondary data sources and data collection instruments including in-depth interviews, projective
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natural occurring in the environment. In order to understand something unknown, we have to go through reasoning and research. Qualitative research in a complex analysis and is characterized by mathematical calculations but no experimentally. Quantitative research however is carried out experimentally and relies and builds on mathematical techniques such as quality, frequency and amount etc. Qualitative analysis provides more details and is more focused and deep process. Qualitative analysis put
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Chapter 14 Factor analysis 14.1 INTRODUCTION Factor analysis is a method for investigating whether a number of variables of interest Y1 , Y2 , : : :, Yl, are linearly related to a smaller number of unobservable factors F1, F2, : : :, Fk . The fact that the factors are not observable disquali¯es regression and other methods previously examined. We shall see, however, that under certain conditions the hypothesized factor model has certain implications, and these implications in turn can be
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answers to questions and solutions to the problem. It is a purposive investigation and an organized inquiry. It seeks to find an explanation to an unexplained phenomenon to clarify the doubtful facts and to correct the misconceived facts. The term ‘Research’ should be used in a technical sense as an academic activity. (C.R Kothari, 2009 [58]) According to Clifford Woody Research consists of: • Defining and redefining problems. • Formulating hypothesis or suggested solutions. • Collecting, organising
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this chapter, readers should be able to: Understand the concept and meaning of linear programming; Know the underlying basic assumptions; Formulate the linear programming problem; Solve linear programming problem using graphical and Simplex methods; and make appropriate and correct interpretations; and Understand the concepts of duality and shadow cost in linear programming. 18.1 INTRODUCTION This is an Operations Research technique that is popular and frequently used in industry, business
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