In a short essay, discuss the seven steps in the data preparation process. When should the data preparation process begin? Why is it important to begin the data preparation process at this step?
What will be an ideal response?
The entire data preparation process is guided by a preliminary plan of data analysis that was formed in the research design phase. As the first step, the fieldwork supervisor checks for acceptable questionnaires. Editing, coding, and transcribing the data, all done by the data collection agency as part of fieldwork, follow this. The researcher cleans the data then performs further checks for consistency and specifies how missing responses will be treated. The researcher then selects an appropriate data analysis strategy. The final data analysis strategy differs from the preliminary plan of data analysis due to the information and insights gained since the preliminary plan was formulated. Data preparation should begin as soon as the first batch of questionnaires is received from the field, while the fieldwork is still going on. Thus, if any problems are detected, the fieldwork can be modified to incorporate corrective action.
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When a company dramatically changes its product's packaging, most likely, it's main objective is to:
A) reduce costs. B) differentiate its products from its competitors. C) increase the production output. D) increase shelf presence.
What are the different income-distribution patterns? How does income distribution in the economies affect the marketing decision of the firms?
What will be an ideal response?
Today's MIS focuses on activities rather than costs
Indicate whether the statement is true or false
Which of the following is/are not true?
a. U.S. GAAP and IFRS require firms to recognize the cost of retirement benefits (pensions, health care, life insurance) as an expense while employees work, not when they receive payments or other benefits during retirement. b. Employers often contribute cash to a trust, an entity legally separate from the employer, to fund their retirement obligations. c. The accounting records of the trust established to fund the retirement obligations are consolidated with the accounting records of the employer. d. Payments to employees come from both the employer's contributions and investment returns of the trust established to fund the retirement obligations. e. all of the above