How to Work on a Statistical Project
Statistics projects come in various forms. As a student, it might be useful to know that you can always find a grant to help you work on a quantitative project. This project doesn’t have to be complicated. What does it entail?
Generally, a quantitative project entails counting the number of customers that visit a particular business site or salesroom during a particular period. Depending on the nature of your quantifiable project, you might also be required to look at the sales figures or the amount of money spent by a company on marketing its product.
Steps to Follow
For your project to work, there must be a quantitative approach. Therefore, it would be advisable to ensure that your study is targeted towards either qualitative or quantitative research. It follows then that your project should be designed in accordance with the various techniques for approaching quantitative research.
With that in mind, the following steps should guide you when working on your business statistics project.
- Have a working title
- Draft a background
- Research extensively on the subject
- Evaluate your sources
- Create an outline
- Work on the research approach
- Create a report
- Evaluate the draft
- Prepare a reference list
The standard procedure in most statistical projects is to follow the normal research design. The researcher will collect data and then examine it in the context of their research question. Once the data has been handled, the researcher will develop a theory to explain the data.
It is often recommended that you develop an outline before you even start working on your project. An overview acts as a roadmap for your project. In which case, you will take the following steps.
- Selecting a topic
- Conducting an initial research
- Evaluating data sources
- Creating a summary
- Finalizing writing
- Editing and proofreading
Choosing the Topic
As you seek to carry out your research, it is essential to ensure that you are very careful when selecting the topics. For you to collect meaningful data, a topic should be one that is informative but not too noticeable. It is recommended that you pick a topic from a subject that you are either interested in or vastly knowledgeable in.
Conducting Initial Research
The initial research will help you to develop the area that you will be focusing on. It is also essential to note that you should always consult with your supervisor before you start working on any of your projects.