What is quantitative research
Wilson 2019: research that is undertaken using a structured research approach with a sample of the population to produce quantifiable insights into behaviour, motivations and attitudes.
Types of quantitative research
Types of quantitative research
* Surveys
* Experiments
* Time series
Surveys
Surveys
Wilson 2019: surveying involves the structured questioning of participants and the recording of responses, can be done verbally, online or in writing.
Face to face surveys
Face to face surveys: Wilson 2019
Telephone Survey
Telephone Survey
* Used for B2B and consumer-type research
Online surveys
Online surveys
* Most common
*Disadv: only online users, low response rates, biased responses, lack of control of respondent, limited open ended questions, response time
Mobile phone surveys
Mobile phone surveys
Postal Surveys
Postal Surveys
Hand delivered surveys
Hand delivered surveys
ADV: cheap, high response rate
Improve response rates for online and postal
Pre-contact, existing relation, cover letter that explains about the company and research, appearance, incentives, reminders, questionnaire design
experiments
experiments are
* “Lab-based” studies; thus lacking ecological validity
* Because of the limited number of variables you can keep as “constants” and control for
* Subject to bias from “experimental awareness”: Consumers may distort their behaviour because they know their behaviour is investigated!
Time Series Analysis
Time Series Analysis
Time is often a crucial factor in understanding a phenomenon. This is because “time” is an important variable in the fields of Economics and Business; things happen “over time”; Especially when it comes to the understanding of the Macro- and Micro- environments