How to build empirical modeling for economic dissertation research
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HOW TO BUILD EMPIRICAL MODELING FOR ECONOMIC DISSERTATION RESEARCH An Academic presentation by Dr. Nancy Agnes, Head, Technical Operations, Tutors India Group www.tutorsindia.com Email: [email protected]
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Empirical research is actually explained as type of research in which the conclusions for the research being performed are derived from the empirical evidences or the evidences that can be verified. Thus, it can be explained that it is research where evidence is not assumed rather they are derived from strong and valid evidence. In order to perform empirical modelling it is necessary to collect empirical evidences which are collected by two primary research methods:
Qualitative research methods
Quantitative research methods
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Transcript of How to build empirical modeling for economic dissertation research
HOW TO BUILD EMPIRICALMODELING FOR ECONOMICDISSERTATION RESEARCH
An Academic presentation by Dr. Nancy Agnes, Head, Technical Operations, Tutors India Group www.tutorsindia.comEmail: [email protected]
Introduction
Empirical modelling
State the purpose of research
Gather significant references and literatures
Create hypotheses
Planning methodology, research design and gathering data
Data Analysis
Conclusion
OUTLINE
Today's Discussion
Empirical research is actually explained as type of researchin which the conclusions for the research being performedare derived from the empirical evidences or the evidencesthat can be verified.
Thus, it can be explained that it is research where evidencesare not assumed rather they are derived from strong andvalid evidences.
In order to perform empirical modelling it is necessary tocollect empirical evidences which are collected by twoprimary research methods:
Qualitative research methods Quantitative research methods
Introduction
Empirical modelling is based on the fact of collecting informationby employing the evidences which are collected either throughobserving a certain phenomena or experiencing an activity oreven by using any calibrated instrument which can provideaccurate measurement .
As can be perceived from the above mentioned data that theexperiments and observations are necessary to gather data andthen verify them with the conclusions obtained.
In a majority of cases the empirical modelling practice isemployed for economic dissertation research due to itsdependence on gathering relevant data and deriving conclusionsbased on it.
Empiricalmodelling
Contd...
The empirical modelling is also useful because it increases the probability of gettingprecise results .
There are some steps that should be considered for building empirical modelling foreconomic dissertation research .
As noticed from the afore-mentioned discussion the empirical research is dependenton observing and gathering results from the experiences.
Thus, it becomes of paramount significance to perform the experiments used indissertation carefully and analyse them properly .
The primary steps for building empirical modelling for economic dissertationresearch are as follows:
Contd...
In this part of the research the candidate should include the points that define thepurpose of the research, problems occurring or problem statement, significance of theresearch.
It should also discuss the availability of data, time etc.
Also it should describe in brief the benefits of research for the society.
For economic dissertation, it is important that the researcher should collect the relevanttheories associated which can be helpful for him to support his findings.
He should gather relevant literatures which can be associated with his work.
STATE THE PURPOSE OF RESEARCH
GATHER SIGNIFICANT REFERENCES AND LITERATURES
Contd...
Creating hypotheses is of paramount significance for the researcher as it will be helpfulin identifying the outcome that can be obtained.
In order to formulate hypotheses, the candidate has to identify certain variables that areassociated with his research and assume the relation between the variables.
Considering the empirical modelling for planning economic dissertation, in this sectionthe candidate has to discuss the methodology that will be followed for the research.
These literatures can be useful to understand and know about the different problems that arefaced by the other researchers.
CREATE HYPOTHESES
PLANNING METHODOLOGY, RESEARCH DESIGN AND GATHERING DATA
Contd...
He should discuss the experimental set-up that he will be using for validating his hypotheses.
Since the research is for economics the candidate has to decide whether he has toinclude experimental set-up or non-experimental set-up.
Also the techniques used for gathering and analyzing data are needed to be presentedin this section.
After completing the data gathering process, the researcher will have empirical datawhich can be analyzed for the research.
Contd...
As per the empirical modelling, in this section the data analysis is performed andresearcher can decide the suitable method for his research.
After analyzing the data gathered the researcher can conclude if the hypotheseschosen can be accepted or rejected.
Finally, the researcher can conclude his findings obtained through analysis of data.
Besides, concluding the findings some suggestions and recommendations whichsupport the research can also be made by the researcher.
DATA ANALYSIS
CONCLUSION
Contd...
To summarize the empirical modelling for economic dissertation research can beexplained through the following:
Figure 1 Empirical modeling
Contd...
Thus, empirical modelling can be described in brief as follows:Observing theexperiments or phenomena and discussing the purpose of carrying out suchphenomena.
Obtain some conclusion and derive results from the data collected.
Validate the data gathered using different techniques.
Also provide a snippet of the techniques used.
Also verify the data in accordance with the hypotheses.
Present the results and discuss the conclusions made.
Also discuss some limitations and future scope of the research.
The empirical modelling for economic dissertation actually seems to be a practicallymore feasible solution as it makes the research conducted genuine, since it is basedon the data gathered and analysed.
On the other hand, building empirical modelling is a time-consuming process andmight make the researcher deviate from his goals.
