Empirical Testing - Explained
How to do Empirical Testing
Written by Jason Gordon
Updated at April 16th, 2022
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
Table of Contents
What is Empirical Testing?How to Do Empirical TestingScientific research Empirical CycleAcademic Research on Empirical TestingWhat is Empirical Testing?
Empirical testing is a research method that employs direct and indirect observation and experience.
Back to:ECONOMIC ANALYSIS & MONETARY POLICY
How to Do Empirical Testing
Empirical evidence (the file of one's direct observations or reports) is an effective research method, as the results can be analyzed quantitatively or qualitatively. Different fields and study use unique research designs suitable to their studies. In some fields, quantitative studies begin with a research question that is examined with different techniques such as experimentation.
A researcher uses a particular theory relating to a subject of research and develops hypotheses upon that theory. Then the researcher derives many predictions from the hypothesis or research question. Those predictions can then be examined with a suitable test. The hypothesis will be accepted or rejected based upon the results of hypothesis or research question.
Scientific research
The empirical method allows a scientific researcher to verify the results of research with the help of statistical tools. Common statistical tools include: regression, risk coefficient, t-test, chi square, and different forms of ANOVA (analyses of variance).
Empirical Cycle
Observation: Observation is the process of identifying the problem and its causes. Induction: The idea or hypothesis is developed on the basis of observation. Deduction: Deduction is the process to formulate experiments to check the hypothesis Testing: Testing is the technique used to check the hypotheses and data related to hypothesis. Evaluation: In this stage, results are interpreted explanations are presented.