Professional Documents
Culture Documents
Problem
PROBLEMS:
Management Dilemma
The symptom of an actual problem
Analytical Specification
Objective/ Model: Verbal, Research of
Theoretical Hypotheses
Graphical, Questions Information
Foundations
Mathematical Needed
Research Problem
Broad Statement
Specific Components
2-9
The Role of Theory in Applied Research
Models
An analytical model is a set of
variables and their interrelationships
designed to represent, in whole or in
part, some real system or process.
Graphical Models
Graphical models are visual. They are used to isolate
variables and to suggest directions of relationships.
2-12
Mathematical Models
Mathematical models explicitly specify the
relationships among variables, usually in
equation form.
n
y a 0 a i xi
i 1
Where
y = degree of preference
a ,a
0 = model parameters to be estimated
i
statistically
Development of Research
2-13
Components of the
Marketing Research Problem
Objective/
Theoretical
Framework Research Questions
Analytical
Model
Hypotheses
2-14
Thanks a lot……..