What are the 3 major issues of empirical studies??
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What are the 3 major issues of empirical studies??
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Answer:
a) Forecasting;
b) Hypothesis testing;
c) What-if analysis
Explanation:
The need for causal inferences varies across the three problems and we expand on them below.
Answer:
I think there are only 2 major issues or evidence of empirical studies.
Types of Empirical Evidence
The two primary types of empirical evidence are qualitative evidence and quantitative evidence.
1. Qualitative
Qualitative evidence is the type of data that describes non-measurable information. Qualitative data is used in various disciplines, notably in social sciences, as well as in market research and finance. In such fields, the research generally investigates human behavior and its patterns. The non-measurable nature of qualitative data, as well as its subjective analysis, makes it prone to potential biases.
2. Quantitative
Quantitative evidence refers to numerical data that can be further analyzed using mathematical and/or statistical methods. Quantitative data is used in almost every discipline of science.
Unlike qualitative data, the evidence obtained using quantitative data is generally considered to be unbiased as the validity of the data can be easily verified using mathematical/statistical calculations or analysis.