Primary and Secondary Data. Primary data: data collected first hand for a specific research purpose. This comes through surveys, interviews, observations, experiments. Advantage: D... Primary and Secondary Data. Primary data: data collected first hand for a specific research purpose. This comes through surveys, interviews, observations, experiments. Advantage: Directly addresses research needs and provides current and specific insights. Disadvantage: Time intensive to collect and expensive to conduct research. Secondary Data: Pre-existing data collected for another purpose. This comes through Industry reports, government statistics, academic research and websites. Advantage: Cost effective and saves time. Easily accessible. Disadvantages: May not fit specific research questions. Could be outdated or biased.
Understand the Problem
The text provides an overview of primary and secondary data, detailing their definitions, advantages, and disadvantages.
Answer
Primary data is firsthand; secondary is pre-existing.
Primary data is collected first-hand for a specific purpose through methods like surveys, interviews, and experiments. It offers direct insights but can be costly and time-consuming. Secondary data uses existing sources like reports and statistics. It's cost-effective but may not perfectly address specific research needs.
Answer for screen readers
Primary data is collected first-hand for a specific purpose through methods like surveys, interviews, and experiments. It offers direct insights but can be costly and time-consuming. Secondary data uses existing sources like reports and statistics. It's cost-effective but may not perfectly address specific research needs.
More Information
Primary data collection methods include observations and experiments alongside surveys and interviews. Secondary data can sometimes lack relevance to the new study's specific questions.
Tips
A common mistake is using primary data collection when cost and time are constraints. Ensure primary data is necessary before opting for it.
Sources
- Primary Data | Definition, Examples & Collection Methods - ATLAS.ti - atlasti.com
- Primary vs Secondary Data: 15 Key Differences & Similarities - Formplus - formpl.us
- Primary vs. secondary research | SurveyMonkey - surveymonkey.com
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