Which form of data given can usually be obtained more quickly and at a lower cost than the others?
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There are many differences between primary and secondary data, which are discussed in this article. But the most important difference is that primary data is factual and original whereas secondary data is just the analysis and interpretation of the primary data. While primary data is collected with an aim for getting solution to the problem at hand, secondary data is collected for other purposes. Content: Primary Data Vs Secondary Data
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Definition of Primary DataPrimary data is data originated for the first time by the researcher through direct efforts and experience, specifically for the purpose of addressing his research problem. Also known as the first hand or raw data. Primary data collection is quite expensive, as the research is conducted by the organisation or agency itself, which requires resources like investment and manpower. The data collection is under direct control and supervision of the investigator. The data can be collected through various methods like surveys, observations, physical testing, mailed questionnaires, questionnaire filled and sent by enumerators, personal interviews, telephonic interviews, focus groups, case studies, etc. Definition of Secondary DataSecondary data implies second-hand information which is already collected and recorded by any person other than the user for a purpose, not relating to the current research problem. It is the readily available form of data collected from various sources like censuses, government publications, internal records of the organisation, reports, books, journal articles, websites and so on. Secondary data offer several advantages as it is easily available, saves time and cost of the researcher. But there are some disadvantages associated with this, as the data is gathered for the purposes other than the problem in mind, so the usefulness of the data may be limited in a number of ways like relevance and accuracy. Moreover, the objective and the method adopted for acquiring data may not be suitable to the current situation. Therefore, before using secondary data, these factors should be kept in mind. The fundamental differences between primary and secondary data are discussed in the following points:
Video: Primary Vs Seconday DataConclusionAs can be seen from the above discussion that primary data is an original and unique data, which is directly collected by the researcher from a source according to his requirements. As opposed to secondary data which is easily accessible but are not pure as they have undergone through many statistical treatments. Which form of data can usually be obtained more quickly and at a lower cost than others?Secondary data is the data that have been already collected by and readily available from other sources. Such data are cheaper and more quickly obtainable than the primary data and also may be available when primary data can not be obtained at all.
Which type of data is more expensive to obtain?Primary data is very expensive compared to secondary data. Therefore, it might be difficult to collect primary data. It is time-consuming. It may not be feasible to collect primary data in some cases due to its complexity and required commitment.
What are the three popular methods for obtaining primary data?Primary Data Collection Methods. Interviews. ... . Surveys & Questionnaires. ... . Observation. ... . Focus Groups. ... . Experiments.. What is secondary source of data?Sources of Secondary Data
Secondary data are basically second-hand pieces of information. These are not gathered from the source as the primary data. To put it in other words, the secondary data are those that are already collected. So, these are comparatively less reliable than the primary data.
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