This section covers a variety of data focused topics, including:
Analysis of the Numbers
Using quantitative methods in social sciences is an excellent way to predict the behavior of larger groups of people. This is sometimes misunderstood or underappreciated due to the fact that the data gathered is hard to apply to any person because there are so many factors involved. When applied to larger groups, however, the results quickly become much more accurate. Fortunately, being able to foresee how large groups (markets) will react to different things is what most investors are primarily concerned with in this area.
Gathering Accurate Data
When engaging in quantitative methods in social sciences, it is important to collect accurate data. The method of data collection can be questionnaires, polls, surveys, or other interaction with people. When performing these things, however, it is important to put a priority on wording the questions and comments in such a way, as they won’t influence the answers of the people participating. This can be difficult to do, and when done poorly, can affect the accuracy of the data collected. This is why many investment companies employ professional polling companies to gather the best data possible.