--%>

Key questions in evaluating a research report

Key questions in evaluating a research report: In brief, there are five key questions you, as a consumer of analytical work, should ask yourself as you are evaluating a research report.

1. What is the purpose of the analysis? Does the model chosen make theoretical and intuitive sense? Are all of the relevant variables in the model?

2. Does the model use empirically or experimentally generated data? Is the data appropriate for the purpose of the analysis? Is there potential for data problems to affect the overall outcome of the study?

3. Is the model properly specified? Does the functional form represent theory? Does the author indicate what other functional forms were considered and rejected?

4. What assumptions are used to derive the model? Is the model tested for its sensitivity to these assumptions?

5. Is the model both statistically and functionally significant?

   Related Questions in Microeconomics

  • Q : Equilibrium rate of monopsony

    I have a problem in economics on Equilibrium rate of monopsony exploitation. Please help me in the following question. Equilibrium rate of the monopsony exploitation by a firm is a difference between: (i) MRP and VMP. (ii) VMP and w. (iii) MFC and w.

  • Q : Computations of price elasticity of

    The price elasticity of demand in given figure below for DVD games among prices of $30 and $40 is roughly: (w) 3/7. (x) 7/3. (y) 1/21. (z) 21.

    Q : Short run operation and long run

    When Presidio, Hybrid Roses and Texas boomed learned which its rent and utilities had soared upward by $9 per hour hence a new five-year lease would now cost $60 per hour, therefore this monopolist will: (w) continue to realize positive economic profi

  • Q : Demands for productive resources The

    The demands for productive resources are eventually “derived” by the: (w) marginal utility they directly generate. (x) demands for consumer goods and services. (y) disutility incurred in supplying labor. (z) equity of resource owners as ju

  • Q : Problem regarding Substitution effect

    Can someone help me in finding out the right answer from the given options. John freshly learned that a hotdog-and-fries combo is accessible at a local mall for similar price as a slice of pizza at Gino’s, where he routinely ate lunch. He starts buying hotdogs m

  • Q : Separable utility function One of my

    One of my friends can't find the answer of this question. Give answer of following economic based question. Tell me about strongly separable utility function?

  • Q : Perfectly competitive monopolized

    When a perfectly competitive industry is monopolized along with no effect on costs in that case the result will be: (w) higher prices and greater output. (x) lower prices and greater output. (y) higher prices and lower output. (z) lower prices and low

  • Q : Analytic Time-The Long Run Can someone

    Can someone please help me in finding out the accurate answer from the following question. Alfred Marshall classification of analytical time specified that in long run it is: (i) Not possible to differ technology and at least one resource is fixed and hence at least o

  • Q : Spread of wage information The

    The Employers frequently discourage the spread of wage information since they fear that: (i) Lower salaried workers might use the information to negotiate the raises. (ii) Firms honor employee’s privacy only when secrecy is reciprocated. (iii) Unions try to orga

  • Q : Market price of long-run equilibrium

    When this firm is typical in this purely competitive market, in that case long-run equilibrium for Christmas trees will be reached at a market price is of: (1) P1. (2) P2. (3) P3. (4)