Page 32 - DMGT209_QUANTITATIVE_TECHNIQUES_II
P. 32

Unit 2: Introduction to Research



                                                                                                  Notes
                   Example: A simple example will highlight how a scientific method works.
              Let us assume that a researcher is conducting a market research for a client manufacturing
              men's apparel.
              1.   Observation: The researcher observes that some of the competitors are doing brisk
                   business. The increase on sales of apparel is mainly due to round or turtleneck shirt
                   and narrow bottom pants.
              2.   Formulation of Hypothesis: The researcher now presumes that the products of his clients
                   are somewhat similar and the variation in shirt and pant variety as above is the
                   main cause for an increase in the sales of his competitors.

              3.   Future Prediction:  It is predicted that if his client introduces similar products, the
                   sales will increase.
              4.   Hypothesis Testing: The client now produces round-neck shirts and narrow bottom
                   pants for test marketing.

            2.7.1  Characteristics of Scientific Method

            (a)  Validity
            (b)  Reliability.
            Validity  is  the  ability  of  a  measuring  instrument  to  measure  what  it  is  supposed  to.
            A questionnaire is administered to determine the attitudes of the respondent towards a movie.
            As long as the questionnaire serves this purpose, we say that the instrument is valid.
            In physical sciences, the instruments used such as barometer, thermometer or foot ruler which
            measures what they are meant to do. Also, the measurement can be repeated any number of
            times by different individuals, but the result will be the same.

            2.7.2  Why MR cannot be considered Scientific

            In Marketing Research, the instrument used is a questionnaire. There are five main problems
            faced by researcher regarding validity and reliability:

            1.   Different respondents interpret the same question in different manner. So the reply of the
                 respondents will be different.
            2.   It is difficult to ascertain whether the sample is a representative of the population or not.

            3.   The same questionnaire administered by different interviewers will yield different results.
            4.   The measuring instrument, namely the questionnaire may not state clearly what is being
                 measured.

            5.   Lab experiments are held under controlled conditions, such as temperature, humidity etc.
                 In marketing research, it is not possible to control external factors surrounding the study.


                   Example:  The  respondent is  interviewed  on  a  specific  subject. After  60  days,  the
            respondent is interviewed again reply could be very different from what he said earlier. This
            may happen because he gathered additional information, or had discussed the subject with
            others during this period.







                                             LOVELY PROFESSIONAL UNIVERSITY                                   27
   27   28   29   30   31   32   33   34   35   36   37