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

  Determine which of the organization forms would

From the scenario, examine the major implications for firms entering into a merger. Develop key guidelines to follow when creating the terms of the merger in order to benefit all parties concerned. Examine two (2) organizational forms of business (e...

  What is the elasticity of demand for labor in seattle

It was recently discovered that the new minimum wage law in Seattle, What is the elasticity of demand for labor in Seattle

  What is meant by the demand for money which way does

What is meant by the demand for money? Which way does the demand curve for money slope? Why? Your response should be at least 75 words in length.

  Forecast monthly sales

An economist had estimated sales trend line for the Sun Belt Toy Corporation as follows:

  Calculate the revenue-maximizing level of output

What is the difference between the output level where the total profit is maximized and the output level where the total revenue (TR) is maximized?

  When the us treasury sells bonds to the public to finance

ECON125-HK2: When the U.S. Treasury sells bonds to the public to finance government spending and then the Fed buys the bonds through open-market purchases, the Fed is

  How the aforementioned contribute to competitive advantage

The problem has been visualized that labor has been required for getting the work completed in almost all the areas where blue colored is employed.

  Round your answer to two decimal places

Then water containing 1/2 lb of salt per gallon is poured into the tank at a rate of 2 gal/min and the mixture is allowed to leave at the same rate.

  Why should countries engage in international trade

If our country can make everything better and cheaper than foreigners, why would we have any reason to be involved in international trade?

  Elasticity of demand and economies of scale and efficiency

Scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.

  How does grazing by native herbivores impact grassland

How does grazing by native herbivores impact grassland ecosystems, what are the differences between pastoralist grazers and ranchers? Which is better for the grassland and how do we know this?

  What model of behavior was andersens management use

What model of behavior was Andersen's management using when it analyzed the source of the problem? According to the economic view of behavior, what was the more likely cause of the problem?

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