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Meta Analysis

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APPLIED BUSINESS RESEARCH AND STATISTICS
Individual Assignment
Research Essay
Compare and Contrast Method
Delphi Technique and Meta-Analysis

Contents
Abstract 2
Delphi Technique 3 Introduction 3 Background 3 Literature review 3
Meta-Analysis 7 Introduction 7 Background 7 Literature Review 8
Compare and contrast of Delphi technique and Meta-Analysis 10
Benefits 10
Limitations 12 Delphi technique 12 Meta-Analysis 13
Conclusion 13
References 15
Appendix “A” 18
Abstract
This paper will elaborate as well compare two research methods, the Delphi technique and meta-analysis. This paper will compare factors like data type, source of data, cost, validity, skill required for research, level of understanding, accuracy of results, contingencies that might occur during research, use of tools, bias results and opportunity to replicate. During the course of the practice by different researchers, the limitations, advantages and disadvantages are taken into account and implementation of these methods in different areas of business are discussed.
Delphi Technique
Introduction
According to Khayun, Ractham and Firpo (2012), the Delphi technique is a structured approach for reaching a consensus opinion among experts about future developments in any area that might affect a business. Delphi technique is a technique of collecting opinions about the future and evaluating the likelihood of an outcome or situation. It is a multistep process in which experts answer a list of questions without discussing them with each other and then the answers to these questions are summarised and a second set of questions are formulated and distributed to the same group of experts to clarify areas of agreement and disagreement. These steps continue until a consensus has been reached by experts.
Background
According to Laick (2012), the Delphi technique was developed

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