What are the Key Components of Analytical Research?
Analytical research in business typically includes several key components:
1. Data Collection: Gathering relevant data from internal and external sources. 2. Data Cleaning: Ensuring the data is accurate and free of errors. 3. Data Analysis: Using statistical tools and techniques to analyze the data. 4. Interpretation: Drawing meaningful conclusions from the analysis. 5. Reporting: Presenting the findings in a clear and actionable format.