Enrique Is Identifying the Variables for a Research Project Examining

Enrique is identifying the variables for a research project examining the factors related to a company's Initial Public Offering (IPO) value. Once he has identified these variables, he will develop hypotheses, based on theory and prior empirical evidence, and after that, he will prepare a diagram that shows his hypothesized relationships. What is Enrique doing?

A) theorizing
B) hypothesizing
C) paradigming
D) diagramming
E) conceptualization