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e. Below is a multivariate regression model for a time series study into the determinants of Y (private
domestic consumption)
𝑌𝑡 = 𝛽1 + 𝛽2 𝑋2𝑡 + 𝛽3 𝑋3𝑡 + 𝛽4 𝑋4𝑡 + 𝛽5 𝑋5𝑡 + 𝜀𝑡
i. Identify the items in the model above (2 Marks)
ii. What is the role of in the regression model? (1 Mark)
iii. Define Multicollinearity (1 Mark)
f. In a study of the determinants of household consumption, the researcher, using data on 5000
farmers in the cocoa growing regions of Ghana, computed the Pearson’s product Moment
correlation coefficients and the results are shown below:
Variable | Partial Corr.
----------------------+----------------
Gender | -0.2608
Educational Level | 0.6955
Household Size | -0.3780
Number of Spouses | 0.4558
Household Wealth | 0.9140
Farm Size | 0.8901
Average Farm Income | 0.7531
QUESTION THREE
QUESTION FOUR
a) What are the steps to be following in questionnaire design? (4 Marks)
b) What is the difference between closed-ended and open-ended questions? Give an example of each.(4
Marks)
c) Why do you pre-test a questionnaire? (3 Marks)
d) In choosing between self-completion and interviewer administered survey, what respondent
characteristics should the researcher consider (4 marks)
QUESTION FIVE
g. Distinguish between basic and applied research (2 Marks)
h. In a study of the determinants of telecommunication network selection decision in Ghana, a level 300
researcher raises the following research questions:
QUESTION SEVEN
a. Identify (5) factors in you consider in selecting either self-completion or interviewer administered
survey. (2.5 Marks)
b. List the steps to be following in questionnaire design? (2.5 Marks)
c. Why do you pre-test a questionnaire? (2 Marks)
d. In which situations is non-probability sampling preferred to probability sampling? (3 Marks)
QUESTION EIGHT
a) What are the three phases of the basic business research process? Briefly explain each. (5
Marks)
b) Define Type I error, Type II, and Type III, and identify the type of error that researchers
control. (5 Marks)
c) i. Distinguish between a one –tailed and two tailed test, and explain why a Type III error
is possible only with one- tailed test. (3 Marks)
ii. Alpha (𝛼) is used to measure the error for decisions concerning true null hypothesis.
What is beta (𝛽) error used to measure? (2 Marks)
d) What are the steps to be following in questionnaire design? (5 Marks)
e) In choosing between self-completion and interviewer administered survey, what
respondent characteristics should the researcher consider (5 marks)
f) Suppose a company wished to do a research project testing whether a level of
management could be removed from the organization without any serious negative
consequences. Should this project be conducted by in-house researchers or by outside
consultants? (5 Marks)