Question

IMPORTANCE OF QUANTITATIVE RESEARCH I N home economics

Answer 1

Answer:

Applying quantitative methods, models and the corresponding algorithms helps to make more accurate and efficient research of complex economic phenomena and issues as well as their interdependence with the aim of making decisions and forecasting future trends of economic aspects and processes.

Explanation:

Answer 2

Quantitative research generates unbiased data that can be explained in detail using statistics and figures. The information is mostly used to: Look for trends and averages, Make forecasts, Check for causal connections, and Adapt findings to larger populations

• Greater knowledge and comprehension of the social world are the goals of quantitative research.

• To examine situations or events that have an impact on people, researchers utilize quantitative methodologies.
• Quantitative research carries out this in a methodical, scientific manner so that other people can duplicate the studies easily.
• The scientific method serves as the foundation for quantitative research. The researcher makes a hypothesis after witnessing the scenario under investigation, utilizes deductive reasoning to predict how the data will appear if the hypothesis is correct, and then gathers as well as analyses the data to support or object to the hypothesis.

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