SG-3
SG-3
0 10-July-2020
The first stage in research and data analysis is to make it for the analysis so
that the nominal data can be converted into something meaningful. Data
preparation consists of the below phases.
Data validation is done to understand if the collected data sample is per the
pre-set standards, or it is a biased data sample again divided into four different
stages
More often, an extensive research data sample comes loaded with errors.
Respondents sometimes fill in some fields incorrectly or sometimes skip them
accidentally. Data editing is a process wherein the researchers have to confirm
that the provided data is free of such errors. They need to conduct necessary
checks and outlier checks to edit the raw edit and make it ready for analysis.
Out of all three, this is the most critical phase of data preparation associated
with grouping and assigning values to the survey responses. If a survey is
completed with a 1000 sample size, the researcher will create an age bracket to
distinguish the respondents based on their age. Thus, it becomes easier to
analyze small data buckets rather than deal with the massive data pile.
After the data is prepared for analysis, researchers are open to using different
research and data analysis methods to derive meaningful insights. For sure,
statistical techniques are the most favored to analyze numerical data. The
method is again classified into two groups. First, ‘Descriptive Statistics’ used to
describe data. Second, ‘Inferential statistics’ that helps in comparing the data.
Descriptive statistics
This method is used to describe the basic features of versatile types of data in
research. It presents the data in such a meaningful way that pattern in the data
starts making sense. Nevertheless, the descriptive analysis does not go beyond
making conclusions. The conclusions are again based on the hypothesis
researchers have formulated so far. Here are a few major types of descriptive
analysis methods.
Measures of Frequency
Measures of Position
Inferential statistics
Here are some of the commonly used methods for data analysis in research.
Analysis of variance: The statistical procedure is used for testing the degree
to which two or more vary or differ in an experiment. A considerable degree of
variation means research findings were significant. In many contexts, ANOVA
testing and variance analysis are similar.
Researchers must have the necessary skills to analyze the data, Getting
trained to demonstrate a high standard of research practice. Ideally,
researchers must possess more than a basic understanding of the
rationale of selecting one statistical method over the other to obtain
better data insights.
The sheer amount of data generated daily is frightening. Especially when data
analysis has taken center stage. in 2018. In last year, the total data supply
amounted to 2.8 trillion gigabytes. Hence, it is clear that the enterprises willing
to survive in the hypercompetitive world must possess an excellent capability to
analyze complex research data, derive actionable insights, and adapt to the
new market needs.
SUMMARY
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