Merits and Demerits of Primary and Secondary Data

The advantage of this approach is it related. Ii It does not require extra caution.

Advantages And Disadvantages Of Primary Data What Is Primary Data Pros And Cons Of Primary Data A Plus Topper

The researcher need not depend on anyone for the necessary information.

. Feedback may be faulty. Due to the obvious procedures associated with carrying out primary research primary data involve. Firstly primary method means when the research collect the data directly through communication with participants or observation and the researcher did it.

Primary data is the data that is gathered by the researcher for the first time. Some common advantages of primary data are its authenticity specific nature and up to date information while secondary data is very cheap and not time-consuming. On the other hand secondary data gathering has also a range of benefits best practices and important meaning in.

Inappropriateness of the data. A huge amount of secondary data with a wide variety of sources It is the richest type of data available to you in a wide variety of sources and topics. Disadvantages of secondary research.

In many cases it is not presented in a way that would exactly address the. Advantages of Secondary Data There is no issue of data collection as it is obtained by performing operations on primary data collected. The primary data is the data which is collected by the user or researcher himself based on his research question.

What are the merits and demerits of Primary and Secondary sources of Data. The popular ways to collect the primary data are interviews questionnaires and observational studies. It will not be expensive.

Despite the many advantages associated with the use of secondary data there are some. Iv Primary source of data collection frequently includes definitions of various. Quality of data is not the responsibility of the investigator.

Collecting primary data involves more man-hours and is more labor intensive than collecting secondary data. The targeted problem is dealt with. The Cost Disadvantage of Primary Data It costs more to collect primary data than it does to collect secondary data.

V It requires a lot of skill. Collection of secondary data is not a time consuming affair. The most important characteristics of the primary data is that it is original and first.

Two disadvantage of primary data. Advantages of Primary data Disadvantages of primary data More accurate. Secondary data may not be specific sometimes.

Below we will discuss the advantages and disadvantages of these primary data. For this we get the data from different annual reports of World Bank which is termed as secondary data. Therefore the researchers may waste their time by going through those data.

Secondary data is an important terminology used in research studies where the collected data is of two types that include the primary data and secondary data. Primary sources of data collection have their advantages such as addressing specific research problems and applications in data management and storage. More control over the data.

I Degree of accuracy is quite high. Iii It depicts the data in great detail. The merits of secondary data are as follows.

Ii It requires lot of finance. Primary data compared with secondary data is more timely and reliable. This is because primary data is often published in journals and magazines that are accessible for free online.

The method of collecting information is divided into two different sections namely primary data and secondary data. Regardless of whether they get obtained inside or outside the organization the primary data generated in an investigation will be considered secondary data. Primary data is very reliable because it is usually objective and collected directly from the original source.

The questionnaire must be easy and understandable. Ii It saves time and finance. Primary data is collected by the company itself and belongs to the company so it is secret.

Primary data is more accurate and reliable because they are unprocessed. The cost involved in secondary data collection is relatively less. The cost involved in the collection of primary data is very high.

Secondary research may sometimes include information which is not valid any longer. Data collected by a researcher primary data are. Might be not specific to your needs Secondary data is not specific to the researchers needs due to the fact that it was collected in the past for another reason.

Merits of Secondary Market. There is no need for a questionnaire or schedule. Brief notes on Internal and External Sources of data.

Disadvantages of primary data. While the secondary data is the already available data that was collected by someone else than. It doesnt take too much time and it is easy to reach almost all of the secondary data sources for free.

Iv It requires a lot of labour. Iii In some enquiries it is not possible to collect primary data. It is easy to use information already gathered by someone.

They can get used in others to save time and money since it would not be feasible to carry them out for obvious budget issues or just it is unnecessary because it has already got done. In this process the primary data is assembling data or information for the first time whereas the secondary data is the data that has already been gathered or collected by others. I Collection of data requires a lot of time.

Primary data can answer specific questions that secondary data cannot. The limitation to primary data is the expense and time is spent on gathering data whereas secondary information may be inaccurate or irrelevant. Merits i Use of secondary data is very convenient.

Understanding of data is better. There are different types of a primary method such as interview questionnaire focus group interview and Delphi techniques scarff 2013. The primary data is unique until it is published or made accessible to others.

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