The impact of monetary policy on consumer price index (CPI): 1985-2010

3.3 Research Design

The study was a qualitative and quantitative case design. Denzin and Lincoln (1994) define qualitative method as method that involves collecting information about personal experience, introspection, life story, interviews, observations, historical, interactions and visual text which are significant moments and meaningful in peoples' lives. The qualitative method investigates the why and how of decision making.

Quantitative Method refers to the systematic empirical investigation of social phenomena via statistical, mathematical or computational techniques. In quantitative research we are more interested in testing the hypothesis.

3.3.1 Quantitative and Statistics methods

Quantitative and Statistics method is used in analysis and presentation of data. In this study, data analysis and presentation are conducted using tables, graphs and figures.