DYNAMISM(E) - Biannual Student Magazine June-2017 | Page 12

A general guidelines for applying different statis- tical techniques is given below: For further clarification, let’s consider one exam- ple of each type of case: Case 1: H0 (Null Hypothesis): There is no signif- icant association between performance and training (when both performance and training are measured in nominal or ordinal scale) – Chi square test Multivariate data analysis are classified into two basic groups –Dependence method and Interde- pendence method. Dependence Methods- When hypothesis con- tains dependent and independent variables “Dependence Techniques” are used. Again the technique varies depending on metric or non- metric data and on number of dependent varia- Case 2: H0 (Null Hypothesis): There is no signifi- cant association between income of the parents and IQ level of the students (when both income and IQ are measured in Interval or ratio scale) – Pearson’s correlation test Case 3: Independent samples H0 (Null Hypothesis): There is no significant dif- ference of financial awareness among male and female. – t test (if sample size <30) OR Z test ((if sample size >= 30) Dependent samples: H0 (Null Hypothesis): There is no significant difference of sales of the product before and after sales promotion. – Pearson’s correlation test Case 4: H0 (Null Hypothesis): There is no signifi- cant difference in the mileage of the three types of cars. – One way ANOVA For all the above test if the value of p < 0.05, null hypothesis should be rejected at 5% level of significance. Multivariate Data Analysis- Research involving three or more variables or that is concerned with underlying dimensions among multiple variables, will require multivariate statistical techniques to analyse data. Suppose the case discussed at the beginning of the article, impact of Servqual di- mensions on Patients’ loyalty in case of Hospital. 12 bles. They are— Interdependence Techniques: Any research ex- amines questions that do not distinguish be- tween independent and dependent variables will be analysed by interdependency techniques. • For metric inputs -- Factor Analysis, Clus- ter Analysis and Metric-Multidimensional Scaling techniques are used. • For non-metric inputs- Non Metric multidi- mensional scaling technique is used. All the above data analysis techniques have var- ious assumptions and applicability. Each of the statistical technique again needs to be discussed elaborately. This article is only an attempt to give an overview of most commonly used techniques in business research. A research has to decide about when to use which techniques, depending on the objective of the research, types of data and distribution of the data and the assumptions underlying in each technique. For further clarification please contact at shampa_nandi@ yahoo.co.in DYNAMISM(E)