Exploratory research has four defining characteristics. These include business importance, a practical element, combinations of theory, as well as dependable and useful facts.
Exploratory Research also known as formulative research that focus on the discovery of ideas and insights as opposed to collecting statistically accurate data.
Some of the advantages that go along with exploratory research design include flexibility of sources, strategic planning, and better conclusions. Some of the disadvantages that accompany exploratory research design include the fact that it is not usually very useful for the purpose of making decision on their own.
Qualitative research methods are used primarily as a prelude to quantitative research. They are used to define a problem, generate hypotheses, identify determinants, and develop quantitative research designs. They are inexpensive and fast. Because of the low number of respondents involved, these exploratory research methods cannot be used to generalize to the whole population. They are however, very valuable for exploring an issue and are used by almost all researchers. They can be better than quantitative research at probing below the surface for affective drives and subconscious motivations.
A good market is liquid, has quick and accurate execution of trades, reasonable listings requirement, low costs to traders.
1.demand characteristics. 2.market characteristics. 3.product characteristics. 4.price characteristics. 5.place or distribution characteristics. 6.promotional characteristics. 7.behavioral characteristics.
I am looking for few examples of exploratory research.
Exploratory research is when researcher little idea about topic and not applied previous theories or ideas.
Exploratory Research also known as formulative research that focus on the discovery of ideas and insights as opposed to collecting statistically accurate data.
ADVANTAGES: 1) The purpose of exploratory research is to know the unknown 2) It narrows down the scope of investigation
Exploratory research is that is in explicit in nature. And the result of this research is reliable.
Exploratory research is that is in explicit in nature. And the result of this research is reliable.
exploratory descriptive
Advantages of exploratory research are: In depth understanding of subject, Idea testing, guidance to researchers, Flexibility of sources, Better conclusions, Strategic planning.
Advantages of exploratory research are: In depth understanding of subject, Idea testing, guidance to researchers, Flexibility of sources, Better conclusions, Strategic planning.
Exploratory research design focuses on gathering either primary or secondary data using a formal or informal process to interpret them. Some exploratory design includes projective techniques , focus groups and in-depth interviews.
Some of the advantages that go along with exploratory research design include flexibility of sources, strategic planning, and better conclusions. Some of the disadvantages that accompany exploratory research design include the fact that it is not usually very useful for the purpose of making decision on their own.
Exploratory research design is used to determine the best research design, selection of subjects and collection method. This design of research provides final and conclusive answers toward the research questions.