topic study on financial_research

May 28th, 2015
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In our daily life we are said to measure when we use some yardstick to determine weight, height, or some other feature of a physical object. We also measure when we judge how well we like a song, a painting or the personalities of our friends. We, thus, measure physical objects as well as abstract concepts. Measurement is a relatively complex and demanding task, specially so when it concerns qualitative or abstract phenomena. By measurement we mean the process of assigning numbers to objects or observations, the level of measurement being a function of the rules under which the numbers are assigned.

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MEASUREMENT IN RESEARCHIn our daily life we are said to measure when we use some yardstick to determine weight, height, orsome other feature of a physical object. We also measure when we judge how well we like a song,a painting or the personalities of our friends. We, thus, measure physical objects as well as abstractconcepts. Measurement is a relatively complex and demanding task, specially so when it concernsqualitative or abstract phenomena. By measurement we mean the process of assigning numbers toobjects or observations, the level of measurement being a function of the rules under which thenumbers are assigned.It is easy to assign numbers in respect of properties of some objects, but it is relatively difficult inrespect of others. For instance, measuring such things as social conformity, intelligence, or maritaladjustment is much less obvious and requires much closer attention than measuring physical weight,biological age or a persons financial assets. In other words, properties like weight, height, etc., canbe measured directly with some standard unit of measurement, but it is not that easy to measureproperties like motivation to succeed, ability to stand stress and the like. We can expect high accuracyin measuring the length of pipe with a yard stick, but if the concept is abstract and the measurementtools are not standardized, we are less confident about the accuracy of the results of measurement.Technically speaking, measurement is a process of

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