The document defines scientific method as a systematic process of observation, classification, and interpretation of data according to George Lundberg. It involves careful observation and classification of facts, discovering scientific laws, and making predictions. The characteristics of scientific method include dealing with specific problems, following a systematic theoretical approach, and verifying phenomena through experimentation and proof. The steps of scientific method are identifying a problem, formulating a hypothesis, conducting experiments or observations to test the hypothesis, analyzing and classifying the data, interpreting the findings, and drawing conclusions. While scientific method reduces individual variations and biases, increases tested knowledge, and unites theory with practice, it also has limitations such as producing abstract explanations and conclusions that are not final.