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PLEASERE-WRITEQUANTITATIVERESEARCHMETHODS.docxRunning Head: QUANTITATIVE RESEARCH METHODS 1
QUANTITATIVE RESEARCH METHODS 2
THIS IS THE RESPONSE FROM MY INSTRUCTOR ABOUT THE ANSWER THAT YOU COMPLETED.
This morning I am assessing the first discussion posts and emailing each student to let them know if they are on the right track. The prompt for this post was, "What role does quantitative research play in your current (or desired) professional role? Share 1-2 specific examples of ways in which you have, or might, use quantitative data. Include projects where you would like to do some analysis (quantitative, qualitative or mixed methods) but have not. Describe the project and ask your classmates for their feedback!" The idea was that you would talk about something related to your current program, however that was not specifically enumerated, so your comments about banking are fine. You did state how quantitative research was used in economics, which is banking-adjacent. So for the first two items, you will receive credit. In the future, please focus on your program and/or desired role so that you're increasing your conversance around that area. Your last paragraph is unclear. Is this something you are interested in doing? If so, you should state that. Also, your statement about quantitative data is very vague. You should try to be more specific about topics in future posts.
Finally, you did not ask your peers for feedback. I would encourage you to reread each prompt before posting your response in future modules.
The major goal of quantitative research is to calculate, categorize elements and to create mathematical models which are used in giving explanations to the observations which one makes. This kind of research is highly recommended as it gives a researcher a clear picture of the expectations of the research. Quantitative research plays a big role in helping economists explain the risks that are expected to face the globalized modern economies (Joyce.et.al, 2016)
The economists are able to use mathematical and statistical methods to solve the financial and risk management problems. Quantitative research enables them to develop and apply the complex models used by companies to make business and financial decisions regarding issues such as pricing and investment (Nardi, 2018). Quantitative data is used by economists to forecast on the future expectations as well as to advice the public sector on the best ways to handle any issue which might arise. Due to the act that quantitative research is objective, the data that the economists use is very helpful in making major economic decisions in the world (Bell.et.al, 2018)
Research on the happenings in the schools such as the number of drug users and how to reduce usage of drugs, requires the use of quantitative data so as to come up with a clear report that can be used to fight use of drugs. This project can be very helpful to many universities as it would explain the causes of these actions and the ways to solve this problem.
References
Bell, E., Bryman, A., & Harley, B. (2018). Business research methods. Oxford university press.
Joyce, M., Miles, D., Scott, A., & Vayanos, D. (2016). Quantitative easing and unconventional monetary policy–an introduction. The Economic Journal, 122(564), F271-F288.
Nardi, P. M. (2018). Doing survey research: A guide to quantitative methods. Routledge.
