The approach you use is critical to the success of your study. The researcher evaluates the hypothesis for probable acceptance or rejection using the approach he has selected for his investigation. As a result, the researcher must employ the most appropriate data collecting, analysis, and assessment strategy. When no suitable technique for doing the study is available, the researcher may develop one. There are hundreds of methodologies from which a researcher may pick, thus there are numerous alternatives. The complete process of research, data gathering, data interpretation, and data assessment are all covered under research methodology.

In general, there are two types of research methodologies: quantitative and qualitative. Another categorization, mixed-method research, is a relatively new class of economics research methodologies. These approaches will be chosen by the researcher. However, there are multiple techniques beneath each of these approaches. In general, there are three factors that determine the approach you should employ in your study.

the extent of your investigation
the nature of your investigation
the nature of your study

Methodology for quantitative research
When the goal of a study is to examine a certain hypothesis, quantitative research methods are utilized. Hypothesis testing necessitates the use of empirical evidence, therefore qualitative research methods cannot be used to answer a hypothesis. Another strategy to figure out which method is ideal for your study is to look at the research question. Your research question will tell you which methodology is optimal for your study. In quantitative research methods, the researcher gathers data and figures, which are then analyzed using appropriate statistical tools. The goal is to see if the hypothesis will be accepted or rejected.

Questionnaires, interviews, experiments, and surveys are some of the most frequent data gathering tools in quantitative research methodology. To arrive at the result, the researcher employs appropriate statistical analysis procedures. The majority of computer science, other disciplines, and psychological research is quantitative in nature.

Methodology for mixed-method research
A mixed-method study is one in which the researcher conducts the study using both qualitative and quantitative research approaches. This is a relatively new strategy, but because of its greater reach, mixed-method research is currently used in a large number of studies. Researchers used to debate whether to employ a positivist or constructivist approach, but with mixed-method research, they may now combine both techniques in a single study. It may also be used by researchers to create in-depth data.

The researcher can employ a variety of data gathering instruments and data analysis procedures in mixed-method research because he can use both qualitative and quantitative methodologies. Because mixed-method research approach has a larger reach, it may be used to any discipline, such as psychology, social science, or literature.

If you understand the characteristics of each methodology, you can choose the best one for your research. The proper methodology must be chosen for the right study design. It also offers you optimism that you will be able to keep your study on track.

This is very insightful. Thanks for the update. Could you also help me with research proposal tips for MSc?