Price of Gas in the USA - Essay Example

The first step in the research is to select the basic method by which the problem can be identified and analyzed. The present study is to find out the causes for the disproportionate escalation of the price of gasoline to the price per barrel of crude oil and its effects on consumers.

Qualitative research:
There are many methods to get the required information, the important things that should be kept in mind while gathering information are, the information should be practical, cost-effective, accurate, and credible to the decision-makers, and the nature of the audience confirms the methods. This is the primary phase of research.
Quantitative research:
After getting the required data qualitatively some conclusions are drawn from the data; the results are tested on a larger scale by taking statistical analysis. This is the quantitative research also termed the secondary phase of research.
Types of research methods:
There are many ways to collect data qualitatively; they are Questionnaires, checklists, and surveys: this method aims to get the information quickly; the advantage is the identity of the respondent can be protected; lots of data can be collected. However, in this method, clear feedback cannot be obtained.
Interviews: the aim is to understand the individual’s experiences and impressions, the advantages are in-depth information can be obtained; a relationship with the client can be established. This process can be time-consuming, costly
Documentation review:
This method aims to review how the program operates, without interrupting it, it can be performed through memos, reviews of applications, finances, etc, the advantages to this method are, that comprehensive and historical information can be obtained. The disadvantages are the process is time-consuming, there is no flexibility to collect the data, and the data may be incomplete.

Observation:
The program aims to gather information on how the processes of the program operate, the advantages are the actual processes can be viewed and the events can be adopted. The disadvantages are the difficulty to interpret the seen behaviors, can be difficulty to categorize the observations, and are expensive.
Documentation review is an excellent way of evaluating the industry by taking a review of the research done in the past. A lot of useful information can be obtained through this method. For the effective implementation of the documentation major objectives of the research should be identified. The research plan should be developed very carefully keeping in view the main objectives of the research. The sequence of the process should be such, that a large amount of information can be possible to obtain in a very short period, written notes should be taken and finally written notes on the documentation review are verified.

The agenda should have, a review of the agenda, a review of the goal of the agenda, a review of the ground rules, and wrap-u,p, etc.
Documentation review normally comprises the important information from documents of similar nature relating to the field of research, so documents should be selected from the set of documents having useful information regarding the research topic. They should be selected from a variety of sources such as journal articles, newspaper reviews,  expert interviews, and information available on the Internet. In the review,w each document should be referenced properly and the key addressed points should be summarised.
In the present study, the combination of all the above methods can be used. In this process, we can interview the related professionals. The reactions to the experience and suggestions are obtained which are very useful in evaluation. This is a quick and reliable way to get common impressions. The review of related documents and informative websites can also be undertaken.

After the objectives of the study have been clearly defined the next task was the selection of a representative sample. If this is unsatisfactory then no reliable conclusions can be drawn about the sampled population. Two important points are to be taken care of: (1) the sample should be statistically random, and (2) an appropriate sample design should be incorporated. To overcome both the drawbacks the sample will be selected from the related professionals and common consumers.