what is primary data and secondary data?
Answers
Answer:
BASIS FOR COMPARISON PRIMARY DATA SECONDARY DATA
Meaning Primary data refers to the first hand data gathered by the researcher himself. Secondary data means data collected by someone else earlier.
Data Real time data Past data
Process Very involved Quick and easy
Source Surveys, observations, experiments, questionnaire, personal interview, etc. Government publications, websites, books, journal articles, internal records etc.
Cost effectiveness Expensive Economical
Collection time Long Short
Specific Always specific to the researcher's needs. May or may not be specific to the researcher's need.
Available in Crude form Refined form
Accuracy and Reliability More Relatively less
Answer:
Primary data: Data collected by the investigator himself/ herself for a specific purpose. Examples: Data collected by a student for his/her thesis or research project. ... Secondary data: Data collected by someone else for some other purpose (but being utilized by the investigator for another purpose).
Explanation:
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