Monthly Archives: December 2013

What is a Good Research?

A research report reflects the thought process of the researcher, as well as his/her knowledge about the subject and the methods used. Good research is characterized by the following attributes:

Well defined objective: the research problem must be well defined, the objective determines the methodology to be adopted and the research strategy, it defines the scope of the research, hence it is very important to write the thesis statement precisely and correctly.

Based on Sound Methodology: the logic behind choice of research methods and techniques should be clear. Sound methodology ensures system and sequence in the reporting of research findings.

Executable: executability implies the possibility of finding and collecting sufficient data and its analysis, sometimes a solution may seem very promising but may fail when actual data collection is called for. A good research is supported by real data and findings.

Originality: this is an attribute highly rewarded by the research fraternity, the greater the degree of acknowledged novelty, the greater the rewards.

Promotes further research: a good research should be based on thorough knowledge of past and present context, should present a viable solution to the defined problem and leave a hint of further possibilities in the domain investigated.

A well conducted research may often require contribution of many minds due to the complexities involved; seeking advice from expert mentors is always a good option.

Eviews for data analysis

Econometric Views known as EViews in short, refers to a statistical package which could be used in the Windows platform. EViews are mainly used for basic statistical analyses as well as econometric analyses including panel data and cross-section analysis, forecasting, time series estimation, etc. EViews combines relational database technology and spreadsheet along with conventional tasks available in statistical software.

Apart from using a Windows Graphical User Interface, a programming language which uses restricted object orientation is also used in EViews. Trends and cycles belonging to the time series data could be computed using EViews with the help of Hodrick-Prescott filter, Christiano-Fitzgerald or Baxter-King fixed length filters, etc.

There are different tools provided by EViews to work with pooled or panel data, cross-section or time series data, and so on. The EViews framework handles unbalanced or balanced, undated or dated, irregular or regular frequency panel data packages with ease. The data structure tools offered by EViews permits to change the data from stacked or panel format to unstacked or pooled formats and vice versa. Auto series, smart links, etc. enables you to merge, slice, convert frequency, and finally summarize the data easily. EViews is frequently used by scholars who are pursuing courses in banking or public finance. It helps in making forecast related to the economic conditions and is also used for policy formation.

Tips for Writing a Dissertation Proposal

Many people think that writing a dissertation proposal is very difficult. For writing a proposal, the student should be thorough with the topic, should perform a literature review, should have his own view of the topic under consideration, and finally, submit these results. Though this seems to be a bit difficult, the below discussed tips would certainly make the job easier.

1. The Length of the Dissertation Proposal

Many have doubts regarding the length of the dissertation proposal. Anyhow, if the key components of the proposal are included, it would extend up to about 20 pages. In fact, it is not a big issue if the proposal is some pages more or less; but it should necessarily include every major points.

2. Spending Sufficient Time for the Preparation of the Proposal

It is not advisable to prepare a dissertation proposal at the very last minute. In fact, to prepare a good dissertation proposal, it takes about six months to finish it off after selecting the topic and collecting the relevant literature related to it.

3. Conduct a Detailed Literature Review

Conducting a detailed literature review would certainly help you to understand the research topic in a broader sense. More often, there are cases where good proposals turn out to be utter failure owing to lack of proper literature review.

4. Maintain Good Rapport with the Members of the Dissertation Committee

Communicating with your committee members regularly is quite important while preparing a dissertation proposal. This would help you to update them about any changes made in the dissertation proposal as well as remain open to the advice they may give. Further, it is also advisable to collect past dissertation samples which have the approval of the advisors.

In short, by keeping the above tips in mind, you can certainly prepare a good dissertation proposal.

More Details on Data Analysis

Data analysis refers to the process of cleaning, inspecting, modelling, and transforming data with the sole aim of gaining useful details, which support decision making. This term has got different approaches and features which include a variety of techniques under different names in many fields like science, business, social science, etc.

Data mining is a form of data analysis which deals with knowledge discovery and modelling for the sake of predictive purposes rather than descriptive ones. Business intelligence makes use of data analysis for the aggregation of business information. In statistics, data analysis is divided into exploratory data analysis or EDA, descriptive statistics, and confirmatory data analysis or CDA. CDA is used for falsifying or confirming the already existing hypothesis, while EDA is used for finding out new features in the concerned data. There are two other varieties of data analysis namely predictive analytics and text analytics. The former makes use of structural or statistical models for classification or predictive forecasting while the latter utilizes linguistic, structural, and statistical techniques to gain as well as segregate information from unstructured data.

Data analysis is a process, which includes several phases. Data cleaning is the first stage of a data analysis, and refers to the prevention and correction of errors in the methods through which data is entered as well as stored. There are phases in data analysis like initial analysis and main analysis. The initial phase includes four questions regarding the quality of data, quality of measurements, initial transformations, and finally relevance of the study in satisfying the intentions of a particular research design. In the main data analysis, either confirmatory or exploratory approach is adopted. In the confirmatory approach, the hypothesis related to the data is tested, while in the exploratory approach, no such hypothesis is addressed.

In short, data analysis involves a series of procedures.

Importance of Meta Analysis

In the field of statistics, the term ‘meta analysis’ refers to the different methods that contrasts and combines the outcome from various studies in order to identify certain patterns in those results, the reasons for disagreement among those, or any kind of relationships. In fact, meta analysis is carried out by identifying a common measure belonging to an effect size, of which the final output is the weighted average of the same. Here, the weighting corresponds to the sample sizes included in individual studies.

Generally, meta analysis aims to take an estimate of the actual effect size against a less accurate one which has been derived from a particular study conducted under a given set of conditions and assumptions. Therefore, a meta analysis gives the summary of different studies conducted on the same subject, thus giving the reader a wide knowledge regarding the existence and size of the effect.

In some cases, meta analysis is used for systematic review. For example, meta analysis is conducted on various clinical trials of a particular medical treatment so as to gain better knowledge about the effectiveness of the same. Meta analysis forms a part of the network namely estimation statistics which mainly relies upon confidence intervals, effect sizes, precision planning for data analysis, etc. Further, meta analysis can be used instead of null hypothesis significance testing.

Moreover, meta analysis is widely used in studies related to cost-effectiveness where the outcome from several studies are combined to determine the most effective of therapies, the estimation of the amount of effectiveness when it comes to different choices, and also the estimation of cost-related outcomes in expensive therapies.

When a meta analysis is conducted, it is necessary to include a main research question in the research protocol, a summary of the intended studies, inclusion or exclusion parameters for selecting a particular trial, and methods used for trial selection.

To summaries, meta analysis is extensively used in different fields of study.

How to Score High in Assignments

It can be very much frustrating if you get low marks in an assignment which you believe you have put a good amount of hard work. Anyhow, there are many ways to score high in assignments. Firstly, you should ask yourself questions regarding the difficulties in writing the assignment as well as the common errors pointed out by the tutors. Then you need to analyse these issues by dividing it into two groups, namely major and minor issues.

If you have got low or average marks for an assignment, your tutor is likely to highlight issues in your assignment like the question set has not been clearly addressed; the assignment has not been explored in depth; the assignment is not properly structured, and so on. To address the first issue, you need to read the title of the assignment carefully. Further, you can ask yourself whether the question is descriptive or analytical. However, you may also get the question as a combination of both. Here, you need to address both the approaches thoroughly while giving greater emphasis to the analytical part.

For the second issue, that is the lack of depth in the assignment, you need to have a proper understanding of the arguments which agree and disagree on a particular viewpoint. Generally, the tutors would not be satisfied with the mere repetition of the lecture material, but would expect independent viewpoint of the student. In this case, the student would have to collect matching references which support or oppose a particular idea and understand it clearly. However, in higher education, students are expected to present the argument in a neutral manner unless specified otherwise.

Finally, for addressing the third issue of badly structured assignment, you need to include one or two key sentences in each paragraph and stick to it so that you would not get deviated from the original topic.

In short, an assignment which is presented with suitable examples, good structure, and appropriate research evidence often gains good marks.