Professional Documents
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A. Variable is an object or event that can take on more than one form or value.
Variable is a measurable factor that can assume more than one value. Eg: Age,
income, gender, etc.
Independent variables
Dependent variables
Controlled variables
Intervening variables
Extraneous variables
1. Facts
2. Quasi Facts
3. Awarness or penetration of information
4. Opinions
5. Attitudes
6. Future action plans
7. Reasons
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A. Scaling is th branch of measurement that involves the construction of an
instrument that associates qualitative constructs with quantitative metric units.
There are four type of scale:
1. Nominal scale.
2. Ordinal or rank scale.
3. Internal scale.
4. Ratio scale.
6. What is coding?
A. Sampling error is the gap between sample mean and population mean.
Sampling error occurs because of chance variation in the scientific selection of
sampling units. As a sample size increase sampling error decreases.
A: The comparison between scientific method and non scientific method is as follow:
(a) Objectively
(b) Degree of Accuracy
(c) Continuing and exhaustive
(a) Objectively
Scientific method is more objective as compare to Non-Scientific
method.
(b) Degree of Accuracy
Scientific method ism more precise as compare to Non-
Scientific method.
(b) Continuing and Exhaustive
Scientific method takes existing knowledge which forms to be
continuous and unending.
Causal Natural
Research Design Experiments
Controlled
Experiments
1. Exploratory research design
The exploratory research design is focus on the discovery of ideas. Exploration
is particularly useful when researchers useful when researchers lack a clear
idea of the problems they will meet during the study. When the researcher
dont know about the problems & to know the additional information.
The area of investigation may be so new or so vague that a researcher
needs to do an exploration just to learn something about the dilemma facing
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the manager important variables may not be known or thoroughly defined
hypotheses for the research may be needed.
An exploratory study is generally based on the secondary data that are
readily available. It dose not have a formal and rigid design as the researcher
may have to change his focus or direction, depending on the availability of
new ideas and relationship among variables.
The design of exploratory studies is characterized by great flexibility
and ad hoc versatility. The researcher is invoked in investigating an area or
subject about which he or she is not sufficiently knowledgeable to have
formulated detailed research questions and to state hypotheses about it.
Exploratory dose not involve probability-sampling plans.
2. Descriptive research design:-
At the name it self revels that it is essentially a
research to describe some thing. It may also use
for predicting purposes.
A. CROSS SECTIONA:
The studies measure units samples of the population at one point.
A cross sectional studies are carried out once and represent a snapshot of
one point of time. A cross sectional study is concerned with a sample of
elements from a given population.
In multiple cross sectional design only one sample of respondents is drawn
from the target population, and information is obtained from this sample
only once.
In multiple cross sectional design, there are two or more samples of
responds, and
1. Field study:-
Includes depth study. Field study involves an-in depth study of
problem. Field studies are ex-post-facto scientific inquires that aim finding the
relation and inter relation among variables in a real world environment setting.
Example; reaction of India men towards branded reaction ready-to-wear suit
Strength: they are close to real life , and they cant be criticized on the ground
that they remote from real setting or are artificial.
Weakness: One of their major weakness is their ex-post facto character. As a
result interrelations among variables are weaker than they are in laboratory
experiments. A there are several variables affecting the response of interest,
such studies find it.
Field Survey: Large sample are a feature of the study field survey require good
knowledge like constructing a questionnaire sampling technique used act. Also
it is obvious that a sample survey needs less time than a census inquiry.
(b) Longitudinal Studies: longitudinal studies are repeated over an extended
period. Longitudinal studies involve panels. Panels are sample respondents
who provide information at regular interval over an extended period of time.
Tow type of panel:-
1. True panel :-
This involves repeat measurement of the same variables.
2. Omnibus panel :-
In ominous panel too a sample of elements being selected &
maintained but the info collected from the member variable.
Consumer attitude to words chine made product.
3. Causal research design :-
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At name implies a casual design investigate the casual
& effect relationship between two or more variable.
(A) concomitant variable :-
A condition for inferring causality that requires
that the extent to which a cause x & effect y occur together as predicted by the
hypothesis under consideration.
(B) Time order of occurrence of variable :-
The time order of occurrence
condition states that the causing event must occur their before of
simultaneously with the effect it cant occur aster word it is possible for each
event in a relationship to be both a cause & an effect of the other event.
(C) elimination of other possible caudal factor:-
It means that the factor or
variable being investigated should be the only possible causal explanation in
other word when to or more cause of a given phenomenon have one only one
condition is common then that condition may be regarded as the causal.
Natural experiments
(1) Time series & trend analysis:-
In a time series design data are obtained from the
same sample or population at successive intervals time series data relate to the same
sample trend data relate to matched sample drawn from the population at successive
intervals.
(A) the one shot case study :-
The design is also known as the try out design it is
Simplest & can be shown symbolically as follows.
X O
Where x indicated the exposure a subject or group to an experimental treatment
whose effect is to be observed & o indicates the observation or measurement take on
the subject or group after am experimental treatment.
(B) Multiple time series:-
Another time series involves the control group
symbolically.
O1 O2 O3 X O4 O5 O6
O1 O2 O3 O4 O5 O6
It fails to control history & there may be certain
environmental changes in the later period which may affect the effectiveness
of result.
(2) Cross section designs
In the cross sectional design the effect of different levels of treatment are
measure on several groups at the same time. Symbolically a cross sectional design
may be shown as bellow:
X1 O1
X2 O2
X3 O3
X4 O4
The impact of varying levels of treatment is studied on the basis of the sales of the
product in different territories.
There may be some extraneous factor which may affect the sale in a
particular territory.
3. Combination of cross sectional & time series design:
O1 X O3
O2 O4
These design as the name implies, cross sectional
Time-series & cross-sectional design while there can be May variant a more
frequently use design is the ex-post-facto test control group.
2. Controlled experiment
(1) After only with control group
R X o1
R o2
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It has been criticized on the ground that it does not concern itself with the
pretest. However, by avoiding the pre-test. The design provides control over the
testing & instrument effect.
(2) Before after with control group.
R o1 x o2
R o3 o4
As the two before measurements, o1&o3&the two after measurements o2 &
o4 are made at the same points in time the design is able to control history with the
help of this design, one can measure the effect of treatments in three ways o2-
o1,o2-o4 & (o2-o1)-(o4-o3)
(3) Four groups -six study design
The symbolically the design can be show as follows
R O1 X O2
R O3 O4
R X O5
R O6
The effect of treatment can be measured in several ways such as o2-o1, o4-
o2,o0-o5,o1-o3&(o1-o2)-(o4-o3) the after measurement can be show in a 2*n matrix
as follows.
No.x x
B. measurement taken o4 o2
No before measurement taken o6 o5
The difference between the rows must indicate the bases for estimating the
testing effect.
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Problem definition is the most critical part of the research process. Research
problem definition involves specifying the information needed by management.
Unless the problem is properly defined, the information produced by the research
process is unlikely to have any value. Coca-Cola Company researchers utilized a very
sound research design to collect information on taste preferences. Unfortunately
for Coca-Cola, taste preferences are only part of what drives the soft drink purchase
decision.
Research problem definition involves four interrelated steps: (1) management
problem / opportunity clarification, (2) situation analysis, (3) model development, and
(4) specification of information requirements.
The basis goal of problem clarification is to ensure that the decision makers initial
description of the management decision is accurate and reflects the appropriate area
of concern for research. If the wrong management problem is translated into a
research problem, the probability of providing management with useful information is
low.
Situation Analysis
The situation analysis focuses on the variables that have produced the stated
management problem or opportunity. The factors that have led to the
problem/opportunity manifestations and the factors that have led to managements
concern should be isolated.
A situation analysis of the retail trade outflow problem revealed, among other things,
that (1) the local population had grown 25 percent over the previous five years, (2)
buying power per capita appeared to be growing at the national rate of 3 percent a
year, and (3) local retail sales of nongrocery items had increased approximately 20
percent over the past five years. Thus, the local retailers sales are clearly not keeping
pace with the potential in the area.
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I. Questionnaire a formalized instrument for asking information directly from a
respondent concerning behavior, demographic characteristics, level of knowledge,
and/or attitudes, beliefs, and feelings.
II. Attitude Scales a formalized instrument for eliciting self-reports of beliefs and
feelings concerning an object(s).
A. Rating Scales require the respondent to place the object being rated at some point
along a numerically valued continuum or in one of a numerically ordered series of
categories.
B. Composite Scales require the respondents to express a degree of belief
concerning various attributes of the object such that the attitude can be inferred from
the pattern of responses.
C. Perceptual maps derive the components or characteristics an individual uses in
comparing similar objects and provide a score for each object on each characteristic.
D. Conjoint analysis derive the value an individual assigns to various attributes of a
product.
I. Observation the direct examination of behavior, the results of behavior, or
physiological changes.
II. Projective Techniques and Depth Interview designed to gather information that
respondents are either unable or unwilling to provide in response to direct
questioning.
A. Projective Techniques allow respondents to project or express their own feelings
as a characteristic of someone or something else.
B. Depth Interviews allow individuals to express themselves without any fear of
disapproval, dispute, or advice from the interviewer.
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The research design process provides the researcher with a blueprint, or guide, for
conducting and controlling the research project. The blueprint is written in the form of
a research proposal. A written research proposal should precede any research project.
Q.3. a) Explain the term Data. What points should be considered by the
researcher before using secondary data?
The points to be considered by the researcher before using secondary data are:
Availability: The first and foremost requirement is that secondary data must be
available for us. At times, one may find that secondary data are not available
on a problem at hand. In such cases there is no alternative but to take recourse
to the collection of primary data.
Relevance: Relevance means that the data available must fit the requirements
of the problem at hand. This would cover several aspects.
The concepts used should be the same as are imagined in the problem
Accuracy: This would not only enable the researcher to get core
comprehensive information but would also indicate the context in which data
have been collected, the procedure followed and the extent of care exercised in
their collection.
Sufficiency: Finally the data should be sufficient. If the data are inadequate,
then compliance with the preceding requirements will be in vain.
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3. There is no need to create artificial conditions: creation of artificial conditions
is a costly affair. It is alike shooting a scene for a film open door which is more
natural and not really costly,.
4. Benefits of variable observations: the units or subjects are not constantly
observed so that each time same results are not repeated. The business
variables are constantly changing. That makes the experimenter to change his
stand each time to the changing conditions as it is impossible to control them.
b. Sales and marketing reports. These can include such things as:
Type of product/service purchased
Type of end-user/industry segment
Method of payment
Product or product line
Sales territory
Salesperson
Date of purchase
Amount of purchase
Price
Application by product
Location of end-user
c. Internal Expert opinion: Experts working in the company can also be a good
source of internal data. Executives working as product manager, marketing research
managers, public relations personnel and advertising personnel have specialized
knowledge relevant to marketing problem.
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d. Miscellaneous reports. These can include such things as inventory reports,
service calls, number (qualifications and compensation) of staff, production and R&D
reports. Also the companys business plan and customer calls (complaints) log can be
useful sources of information.
e. Libraries: There are two types of libraries- public library and private
libraries. Private libraries are those which are maintained by some business firms.
Public libraries are maintained by the government that can be utilized by any research
from general public.
g. Consumer Research Services: Usage and attitude studies, Brand image and
positioning research, New product development research, Advertising research,
Product testing, Simulated test marketing, Market estimation and forecasting, market
modeling, customized panel research, etc.
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b) Explain various methods of observation and applicability of observation
method.
2. Disguised-undisguised: The subjects do not know that they are being observed in
case of disguised observation. In some cases it may be made by the observer by
posing as one of the shoppers who are being observed. It may be difficult to
completely disguise an observation, through this apart; it poses an ethical question of
its desirability when those who are being observed are kept in the dark.
In some cases mechanical devices such as eye cameras and audio meters are used for
observation.
1) Telephone interview.
A: Telephonic interview:-
Under this method , the researcher establishes the
contact trough telephone. In this interview the investigator ask selective question
and it must be brief, simple to the point and non-confidential. Telephone
interview are easy to administrator and allow data will be collected quickly at a
relatively low cost. The interview can clarify the questions.
Advantages of self administered survey are:
1) It is economical: it is the speediest method of data collection where up to date
information is got at telephone call without waste of time just sitting in the office.
2) Unbiased data: normally respondents are more frank on telephone than in person.
They arre not influenced by family members and friends as telephone conversion is
considered to be private affair.
3) Best method to elicit information from specific group: when the respondents are
belonging to higher socio-economic classes, it is really very difficult to get
personal appointment.
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4) Quick response is possible: as the respondent is caught on phone with the prior
appointment the information is available within a few minutes.
2) Personal interview:
A: Personal interview:-
Personal interview is the process of communication where face to
face contact between the investigator and respondent is established. It is the conservation
arrange for the purpose of obtaining views of respondent on the topic of inters to the
interviewer.
Merits:
1) It is Superior method: Personal interview method is superior to mail and
telephonic interview method because it has two special features of its own:
answer is got only on asking and personal observation.
2) Maximum information is sought: Maximum and accurate information can be
elicited by the investigator because, he can explain each question in person and
this enables the respondents to answer the questions only after understanding.
3) Regulation of interview: in personal interview the investigator being an active
participant can control the interview to his advantage and to the convenience of
the respondents by directing, guiding and supervising the respondents.
4) Greater degree of accuracy: the research results can be projected to the relevant
universe or population with greater degree of accuracy because the researches
can procure good deal of information from horses mouth of different
dimensions.
Demerits:
1) It is expensive method: this method works out costly because of varieties of
expenses incurred on sampling, questionnaire, interviewing, recruiting- training
and controlling investigators, paying for their services.
2) More administrative problem: personal interview method involves more
administrative problems because of wider organizational paraphernalia selection,
training and control of personnel both research and non research.
3) Biased information: the investigators may not get accurate and unbiased
information though it is possible to get maximum information. It is likely to be
biased as the investigator plays more active role in explaining ht questions; he
may get answers only to the key questions and the rest he may manage as per his
sweet will and caprice.
4) Time consuming method: it is not only expensive in terms of talent and in terms
of talent and treasure but in terms of time. Survey research is not a straight jacket
formula. Once the research problem is identified the researcher is to design
questionnaire collect the data either higher himself or his team of investigator
analyze the data and interpret.
A. Census:
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- Great deal of difficulty because of resource involved.
Sample:
A sample survey is a survey where a few number of sample are selected from
universe and they represent the whole population.
Specifying sampling unit: Sampling unit is the basic unit containing elements
of the target population.
Specifying sampling method: It indicates how sample units are selected. One
of the most important decisions is to decide whether the sample will be
probability sample or non probability sample.
A: (1)Nominal scale: Nominal scales are more widely used than any other scale for
research in social science. In such a scale the numbers serve as labels to identify
persons, object or events. It simply implies classification of items into two categories.
In nominal scale the only operation involved is counting of number in each group.
Advantage:
It is useful in preliminary or exploratory stage of the research.
It is useful to know broad dimension of certain criteria.
Limitation:
There is no rank order.
NO mathematical operation.
It is unsuitable for determining the relationship.
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A. Probability design:
Most frequently used method for simple random sampling is the random number
table. Other method is not so much practical but it can also be used. Suppose in a
class 100 students are there out of which 10 students needs to be selected randomly
we can select in an order of ID like 6, 16,,96.
2. The cost per interview is practically independent of the location of the sample
item.
Convenience: Researcher has freedom to choose whomever they find thus the
name is convenience. Sometimes called grab of opportunity sampling this is the
method of choosing items arbitrarily and in an unstructured manner from the frame.
Though almost impossible to treat rigorously it is the method most comm0only
employed in many practical situations. In social science research, snowball sampling
is a similar technique where existing study subjects are used to recruit more subjects
in to sample.
Apart from knowing the average household income in the locality the
department store may be interested in knowing the variability of the incomes. This
would give it some idea of the price range of the products it should sell. Since it does
not know the dispersion in the household incomes in the population it may use the
sample standard deviation instead.
In both these examples a sample value has been used as an estimate of the
population parameter. In the first example the sample mean is used as an estimator of
the population mean. In the second example, the sample standard deviation is used as
an estimator of the population standard deviation.
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of a true population parameter. This poses a problem as to how one can ensure a good
estimator.
1. Open ended questions: these are questions where respondents are free to
answer in their own words.
2. Close ended question: it present a set of fixed alternative from which proper
alternative can be chosen.
4. Direct and indirect questions: direct question is one which can be asked and
can be answered directly. Question carries a very clear indication such
question can be answered exactly and easily as it is free from ambiguity. While
indirect question are asked indirectly to allow respondent gazing and perceives
the situation differently as per personality characteristic.
5. Scale type question: Scale type question are very popular in conducting
marketing research. Respondent are given the range of categories in which to
express their opinion. Scale is used to measure level or degree of attitudes or
agreed upon opinion.
8. Rank order list: Here the respondents are asked to rank options from the most
important to the least important option.
9. Check list: Such question involves more option and can be answered by
selecting one or more options.
A: Questionnaire
1. Personal Details:
a. Name: _______________________
b. Age: _______
c. Occupation: ________________
2. Do you have a bank account?
Yes No
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3. Which type of bank account do you have?
a. Saving
b. Current
c. Others ________________________
4. In which bank do you have an account?
a. SBI
b. BOB
c. ICICI
d. Others ________________________
5. Are you aware of E-banking facility provided by your bank?
a. Yes
b. No
6. Do you use e-banking service?
a. Yes
b. No
7. For what purpose do you transact mostly?
a. Personnel
b. Business
c. Others ___________________
8. Do you find e-banking safe and time saving?
a. Yes
b. No
9. What are the transactions you conduct through e-banking
a. Withdrawl
b. Deposit
c. Balance enquiry
d. Others _____________________
10. Do you prefer e-banking rather than traditional banking?
a. Yes
b. No
A. The first point to be considered while writing a research report is that for whom
the research is going to be prepared. So the language, style, size etc. of the research
report should be according to the audiences. The respondents of the research report
will be of different backgrounds. It is therefore necessary to understand who can be
the possible respondents.
Audience of
research
report
General
Client Researchers
Public
Client: Clients are those persons who refer the research report for solving any
problems in the organization. For e.g.: marketing manager may feel the need of
studying the buying behavior of the customers.
Researcher: The researcher will keep one or two master copies for reference. This
copies can be prepared in technical or classical language of business research.
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General Public: Apart from clients and researchers, the research report can also be
read by the general public. It can be for various reasons, it can be usefull for students,
lecturers, etc.
A: The principal measure of central tendency is the arithmetic mean, the median, and
the mode.
The arithmetic mean should be used In case of itervalled or ratio-scaled data.
It is obtained by adding the observation and dividing the sum by the number of
observation.
o In case of a frequency distribution the arithmetic mean is obtained by the
following steps:
o The median I measure of the central item when all the items in a series are
arranged either in ascending or descending order of magnitude.
Sr.no Description
A Preliminaries
1 Title page
2 Acknowledgement
3 Declaration
4 Table of content
5 List of tables(if any)
6 List of figure(if any)
7 Executive summary
B Textual Body/Main body
1 Introduction-about study
2 Review of related literature
3 Research Methodology
4 Data collection and analysis/ interpretation of data
5 Conclusion and suggestion
C Reference
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1 Bibliography
2 Appendix( if any)
3 Glossary(if any)
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