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Describing the Scientific Method of Research

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Describe the scientific method of research. Be sure to identify the key components, providing examples of each. Use external sources to support your answer.

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From [1],
1. Beginning: Explore stage, Literature survey, Finding a gap in research, selecting a research question
eg. Stock Market (Key Component: Defining the problem)

2. Formulate a hypothesis & alternative hypothesis
eg. Impact of economic crisis in Greece on Share Market indices
(Key Component: Your solution to the problem)

3. Identify potential variables ...

Solution Summary

The solution describes the scientific method of research.

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The Scientific Process as Described by Sekaran U - Research Methods for Business

Analyze a recently published business research study (THE SCIENTIFIC PROCESS as described by Sekaran U. Research Methods for Business, Wiley & Sons.) selected from the academic literature. The comprehensive analysis should be framed against all the steps suggested in the Sekaran (2003) research process.

The specific study select to be analyze should contain the basic components of a formal research project (a literature review, statement of the problem, hypothesis or hypotheses, data collected and analyzed to test the stated hypothesis, etc.), preferably of a business related topic. The study can be quantitative, qualitative or mixed.

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