Page 163 - SREENARAYANAGURU OPEN UNIVERSITY

take into account any additional data that was acquired along with
the core data during the interpretation stage. These supplemental
details frequently include crucial insights into comprehending the
issue under investigation.
b. Consultation with experts- Before settling on an
interpretation, it is strongly advised to seek the advice and ◆ Engaging expert
knowledge of an authority in the field. The correctness of input
interpretations can be substantially improved by consulting with
individuals who have deep insights, are regarded for their honesty,
and are prepared to point out any errors in logical thinking. Their
insightful comments and helpful criticism can help to sharpen the
interpretation and ultimately increase the usefulness of the study
report.
c. Avoid false generalisations- Researchers should also
proceed with caution and diligence by considering all pertinent
elements that might have an impact on the issue before beginning ◆ Prudent
the interpretive process. In this stage, haste can result in inaccurate interpretation
judgements and erroneous generalisations. Initial impressions
might be deceiving; thus, it is imperative to carefully assess
the facts and conclusions. Researchers can provide more robust
and credible interpretations that contribute to the development
of knowledge in their field by taking into account all pertinent
elements and undertaking a thorough study.

Summarised Overview

Statistics involves data collection, interpretation and validation. Statistical analysis is
the technique of performing several statistical operations to quantify the data and apply
statistical analysis. This unit dealt with the two types of statistical analysis namely,
Descriptive statistics and Inferential statistics. Descriptive statistics helps to describe,
show or summarise data points in a constructive way making you ready for conducting
further statistical analyses. Inferential statistics draws conclusions from the findings
of the study. Based on the analysis conducted, interpretations are generated. Then the
researcher has to present the study’s findings in the form of a report.

SGOU - SLM - MCom Research Methodology 157