RESEARCH METHODS FOR BUSINESS Mr. PHON Sophath April 2022 CHAPTER 10 DATA ANALYSIS AND INTERPRETATION Flow Diagram of Data Analysis Process Data analysis DATA COLLECTION Interpretation of result Discussion Feel for data Getting data ready for analysis Editing data Handling blank responses Coding data Categorizing data Creating data file Programming 1. 2. 3. 4. Mean Standard deviation Correlations Frequency distribution, etc. Goodness of data Hypotheses testing Reliability Validity Appropriates statistical manipulations Research question answered? Getting Data Ready for Analysis ◦ Editing data ◦ Handling blank responses ◦ Coding ◦ Categorization ◦ Keying data Basic Objective in Data Analysis ◦ Feet for the data ◦ Testing goodness of data Validity ◦ Factorial validity can be established by submitting the data for factor analysis. The results of factor analysis (a multivariate technique) will confirm whether or not the theorized dimensions emerge. Reliability ◦ The reliability of a measure is established by testing for both consistency and stability. Consistency indicates how the items measuring a concept hang well together as a set. Hypothesis Testing ◦ Once the data are cleaned up (i.e., out-of- range/missing responses, etc., are taken care of) and the goodness of the measures is established, the researcher is ready to test the hypotheses developed for the study. Data Analysis and Interpretation ◦ Data analysis and interpretation of results can be most meaningfully explained by referring to a business research. After a very brief description of the background of the company in which the research was carried out and the sample, we will discuss the data analysis done for testing each hypothesis and how the results were interpreted. Summary In this chapter we covered the procedure for analyzing data after they have been collected. By means of an example, we saw the steps necessary to get the data ready for analysisediting, coding, and categorizing. Through the example of the research on KRIYA Enterprises, we saw various statistical analysis and tests used to examine the different hypotheses to answer the research question. We also saw how the computer results are interpreted. We also described some microcomputer programs and discussed the SPSS/PC+ Studentware in some detail. Some expert systems for data analysis and managerial decision making and problem solving were also mentioned. In the next chapter we will learn how to write a research report after the data have been analyzed and the results are interpreted.