Analyze approaches for data gathering and evaluation

Assignment Help Managerial Economics
Reference no: EM132201056

SI-Theory Search

Discussion and assignment need to lable

Now that you have described a situation and identified aims, goals, and variables, it is time to look for concepts and models that you can use to explain your situation. This is theory search. Organizational leaders and managers have to figure out where to look to find suitable theories; they also have to examining their variables to see what kinds of data they will need to gather.

This week you will search for theories that can apply to the issue you identified. You will also analyze approaches for data gathering and evaluation.

Learning Objectives

Students will:

Analyze theories for an identified issue

Analyze approaches for data gathering

Evaluate data

Learning Resources

Note: To access this week's required library resources, please click on the link to the Course Readings List, found in the Course Materials section of your Syllabus.

Required Reading

Dickey, J. W., Birdsall, I. A., Larkin, G. R., & Kwang, K. S. (2015). Supernumerary intelligence: A new approach to analytics for management. Charlotte, NC: Information Age Press.

Chapter 5, "Step 2. Theory Search" (pp. 67-80)
Chapter 6, "Step 2. Theory Search (Continued)" (pp. 81-94)

Discussion: Step 2-Theory Search

In the context of analytics and QCQ, a theory means a model or concept that can be used to explain data. The second step of QCQ involves finding the variables that directly influence the goal variables.

To prepare:

Review Chapters 5 and 6 of your course text, focusing on Step 2 of the QCQ process.

Explore well-known theories and/or localized theories by doing your own online research to help understand both the issue you identified last week in the Discussion as well as possible variables or links. Use your course text for guidance.

For example, if tablets require consistent maintenance at a school, getting tablets that are protected from the sun's glare might reduce the need for maintenance.

With these thoughts in mind:

Post an explanation of at least two well-known or localized theories that could be variables or links to the issue you identified in the Discussion last week. Provide examples showing how they relate to your issue.

Be sure to support your posts and responses with specific references to the Learning Resources.

Respond to at least two of your colleagues'' posts. Provide recommendations for other possible theories or links, or else provide feedback on variables, links, or invariables that you do not think are appropriate for the issue they selected. Provide your reasoning.

Assignment: Difficult Analysis

Theory search is more difficult when there are no data to go on at all. In those situations, you cannot apply a theory to data directly related to the case, but you can look at similar cases and find analogous data. If the analogous data were explained by a good theory, there are chances that theory could apply to your situation.

To prepare:

Think about a situation or issue where data would not already exist.

Review the case in Chapter 6 "An Expanded Learning Case: The New Minivan" to start your thinking. Focus on the expanded learning case.

Your example could be a fairly new innovation or something hypothetical (e.g., cars that fly).

Look for data that might compensate for data that do not already exist.

In 2-3 pages:

Explain how you would approach this issue.

Include a description of what data you might gather to compensate for the data that do not already exist.

Review the data you gathered, and provide a short analysis of what you found.

Include the link or references for the data you collected.

Verified Expert

The study delves into the significance of performing research using theories and concepts aligned with identified problems.An issue has been identified and focused on to perform research. Three theories has been examined and studied in alignment with issue following data gathering techniques and evaluation of data.

Reference no: EM132201056

Questions Cloud

Create a new dataset : And suppose, finally, that you want to combine these datasets to create a new dataset, to be named EvalPrePost.sav, containing ID and X1
Illustrate the budget set of a typical worker : There are 8760 hours in a (non-) leap year. Assume that a typical worker earns$20 per hour and has no other source of income. The worker can use his income.
Display a fasimile of the following screen : Write a javafx program or set of program that displays a fasimile of the following screen.
Performance artists in a twelve month period : The average and standard deviation of the amount of Goods and Services tax remitted by performance artists in a twelve month period
Analyze approaches for data gathering and evaluation : Analyze theories for an identified issue - issue you identified in the Discussion last week. Provide examples showing how they relate to your issue
Best-selling cars in north america : The Toyota Camry is one of the best-selling cars in North America. The cost of a previously owned Camry depends upon many factors, including the model year
Do interest groups make america more or less democratic : Do Interest groups make America more or less democratic? Describe some of the different strategies that interest groups may employ to gain influence.
What is the probability that he is correct in deciding : Given that Bob picked a hat that fits him, what is the probability that he is correct in deciding that the hat is indeed his own?
New cholesterol medication for male teenagers : Doctors are researching a new cholesterol medication for male teenagers. Eighteen (18) randomly selected male teenagers have taken the new medication

Reviews

Write a Review

Managerial Economics Questions & Answers

  Linear programming problem

Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.

  Demand, supply and the market equilibrium

The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.

  Supply and demand in professional sports

Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.

  Explain whether the firm will make economic profit

Explain whether the firm will make economic profit, In the short run and In the long run.

  Determine the official measure of the deficit

Determine the official measure of the deficit

  Coordination of the activities of a business

The organization and coordination of the activities of a business in order to achieve defined objectives.

  What is the profit maximizing number of gizmo widgets

What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Solve managerial economics questions

MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd