The identification of the research problem is the first step in the research process. It is similar to the identification of the destination before a journey. It works as the foundation for the whole research process.
Auto regressive Distributed Lag Models (ARDL) model plays a vital role when comes a need to analyze a economic scenario. In an economy, change in any economic variables may bring change in another economic variables beyond the time.
A problem statement is a brief overview of the issues or problems existing in the concerned area selected for the research. It is an explanation of the issues prevalent in a particular sector which drives the researcher to take interest in that sector for in-depth study and analysis, so as to understand and solve them (Saunders et al. 2009).
Research philosophy is the nature of approach considered for the project. It tests the reality quotient followed by validity, reliability and generality.
A research plan is crucial in understanding the aims and objectives of the study as it describes the proposed elements: how and what will be researched.
In my previous article, I had shed light on the importance of framing good research objectives; this article explains the basics of how the objectives of a research are designed.
Thesis writing is an art which not only involves logical presentation of the facts but also presenting the facts in a proper manner making it interesting and understandable.