Hypothesis Testing in Economics and Business Research – A Practical Approach

Abstract

Webinar on “Hypothesis Testing in Economics and Business Research – A Practical Approach” was successfully conducted on July 5, 2025, featuring distinguished speakers Dr. S. R. Keshava, Senior Professor of Economics, Bangalore University, and Dr. Navitha Thimmaiah, Professor and Chairperson, Department of Economics and Cooperation, University of Mysore. Dr. S. R. Keshava delivered an insightful session on the concept and application of hypothesis testing in economics and business research. He emphasized the importance of hypothesis formulation, types of hypotheses, selection of appropriate tests, and interpretation of results. His presentation bridged theoretical concepts with practical implications, enabling participants to understand the relevance of hypothesis testing in validating economic assumptions and making informed business decisions. Dr. Navitha Thimmaiah focused on data analytical techniques used in economics and business research. She highlighted various statistical tools and software applications that aid in data interpretation. Her talk covered regression analysis, descriptive statistics, inferential methods, and visualization tools that support decision-making and research conclusions. She also demonstrated the use of real-time data sets for analysis, which greatly enhanced the practical value of the session. Key Takeaways for Participants: 1. Clear understanding of the role and structure of hypothesis testing in research. 2. Practical exposure to formulating and testing hypotheses using real-world economic data. 3. Awareness of various analytical tools used in business research. 4. Insights into integrating statistical methods with research objectives. 5. Enhanced confidence in conducting independent research with proper methodology.