How Quantitative Market Research Helps You Make Business Strategy

Quantitative market research could be an analysis strategy that focuses on quantifying the gathering and analysis of market data. Quantitative analysis is employed to quantify the matter or problem by means of generating numerical data that may be remodeled or transformed into usable statistics. It’s used to quantify attitudes, opinions, behaviors, and alternative outlined variables – and generalize results from a bigger sample population.

Different between Quantitative and Qualitative market research

Quantitative analysis uses measurable knowledge of the market or data to formulate facts and uncover patterns in the analysis. The quantitative data assortment method is way more structured than Qualitative data assortment methods.

The method, Quantitative data gathering through numerous types of surveys – online surveys, paper surveys, mobile surveys and cubicle surveys, face-to-face interviews, phone interviews, longitudinal studies, website interceptors, online polls, and systematic observations.

Characteristics of Quantitative research

Quantitative analysis deals in numbers, logic, and an objective stance. The quantitative analysis focuses on numeric and unchanging data collection, convergent reasoning instead of divergent reasoning.

The main characteristics are:

  • The data is typically collected using structured analysis instruments by professionals of market research.
  • The results are supported by a larger sample that is representative of the population available in the Indian market.
  • The market analysis study will typically be replicated, given its high dependability.
  • The researcher includes a clearly outlined analysis question to that objective answers are sorted.
  • All aspects of the study are rigorously designed before data is gathered.
  • Data are within the form of numbers and statistics, usually organized in tables, charts, figures, or alternative non-textual forms.
  • The project may be used to generalize ideas additional wide, predict future results, or investigate causative relationships.
  • The researcher uses tools, like questionnaires or pc software to gather numerical knowledge

However, if you are planning to gather wider data of potential customers of the Indian market, then you must approach the Top Market Research Company for quantitative Market Research Services. And, your customers need. Continue reading “How Quantitative Market Research Helps You Make Business Strategy”

Computer – Assisted Personal Interviews | Top Market Research Company

Computer Assisted Personal Interviews or CAPI is a process of face-to-face data collection method in which the interviewers use a mobile phone, tablet, or a computer to record answers given during the interview.

However, what are the advantages of CAPI, you will get to know and how it fits in your program. Meanwhile, approaching Top Market Research Company will help you get the best Computer Assisted Survey Research.

Advantages of CAPI

  • This process of taking CAPI helps you facilitates logic checks, validations, and skips patterns during the interview. This makes the survey more helpful with high-quality data. It even helps you save later efforts on data cleaning.
  • CAPI is a wonderful tool to monitor enumerators. It saves your time through its GPS location, data collection, and easy supervisors.
  • It offers you a strong connection to Wi-Fi. It collects surveys immediately and uploads them, and this allows the research team to run a very high-frequency check.

Disadvantages of CAPI

  • CAPI may be difficult to know if the crime-ridden area is conducted. And, as compared to phones or tablets, they are far easy to target thieves. In these cases, you need to do CAFÉ or PAPI surveys.
  • It works on electricity or data connectivity, which may not useful in some remote parts of the globe. If CAPI data gets interrupted before it’s uploaded to a server, then it will be lost forever.
  • However, CAPI may also not work offline and this can create problems for battery backup without electricity or data connectivity.

So, in order to get the professional Computer Assisted Personal Interviewing, you need to get topmost services from the house of Top Market Research Company. It offers you an affordable, reliable, high-quality research report so that you can grow in your field without any huddle.