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FDIC: Reducing Foreclosures in the U.S.

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Research Question: What could FDIC do to reduce foreclosures in the U.S.?

- Discuss potential challenges to validity and reliability of your research question, data, and analysis.
- Outline steps needed to minimize these challenges

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Solution Summary

This solution discusses how FDIC could reduce foreclosures in the U.S.

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Research questions should be correctly formulated and the data collected to answer them should be of quality and adequate. Consequently, the data gathered should be analyzed and interpreted through appropriate data analysis procedures/tools.

The concept of validity and reliability is applicable to an instrument that is used to measure a particular variable, in relation to a research question. Example: In the issue of foreclosures, there must be a valid and reliable instrument to measure the household's ability to pay loans.

An instrument in this case may be a self-administered questionnaire.

Validity means the ability of the measuring instrument to measure what it is intended to measure (Zikmund, 2003). In short, when we want to measure something, we want valid measures, that are measures capturing what they are supposed to do. In the case of the study on foreclosures, the instrument must measure the household's ability to pay (this is one of the research questions), not anything else such as the emotions of the respondents whose properties are about to be foreclosed.

There are challenges in relation to validity of the instrument and these include:

1. Measurements may be susceptible to errors in terms of:
a) Difficulty level. Some words used may have been beyond the comprehension level of the respondents. As such the answers ...

Solution provided by:
Elisa Valdez, PhD
Education
  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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