Exploratory Research

question 1

Multiple Choice

Exploratory research

• A) is research which seeks to provide a picture of how "the land lies" on a particular social issue.
• B) tends to be deductive using pre-existing theories to decide what kinds of data should be collected.
• C) is analysis that results in the interpretation of action or representation of meanings in the researcher's own words.
• D) is ground breaking research on a relatively unstudied topic or in a new area.
• E) generally includes theory-testing.

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Definitions:

Forecast

A prediction or estimate of future events, often based on analysis of current and historical data.

Exponential Smoothing

A forecasting technique that applies decreasing weights to past observations, with the most recent observations receiving the most weight.

Smoothing Constant

A parameter used in exponential smoothing models to weigh the significance of the most recent observation in forecasting.

Time Series

Time Series refers to a sequence of data points collected or recorded at successive times, often at regular intervals.