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Secondary Data Data gathered and recorded by someone else prior to and for a purpose other than the current project Is often:

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Presentation on theme: "Secondary Data Data gathered and recorded by someone else prior to and for a purpose other than the current project Is often:"— Presentation transcript:

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16 Secondary Data Data gathered and recorded by someone else prior to and for a purpose other than the current project Is often: Historical Already assembled Needs no access to subjects

17 Advantages of Secondary Data
Inexpensive Obtained Rapidly Information is not Otherwise Accessible

18 Government Data Is Often Free
Copyright © 2000 by Harcourt, Inc. All rights reserved.

19 Disadvantages of Secondary Data
Uncertain Accuracy Data Not Consistent with Needs Inappropriate Units of Measurement Time Period Inappropriate (Dated)

20 Secondary Data may be Dated
The Economic Census profiles the U.S. economy every 5 years, from the national to the local level.

21 Evaluating Secondary Data
Does the data help to answer questions set out in the problem definition? Applicability to project objectives Does the data apply to the time period of interest? Does the data apply to the population of interest?

22 Evaluating Secondary Data (continued)
Do the other terms and variable classifications presented apply? Applicability to project objectives Are the units of measurement comparable? If possible, go to the original source of the data? Accuracy of the data

23 Is the cost of data acquisition worth it? Is there a possibility
Accuracy of the data Is there a possibility of bias? Can the accuracy of data collection be verified?

24 Common Research Objectives for Secondary Data Studies
Fact Finding - Identifying consumption patterns - Tracking trends Model building - Estimating market potential - Forecasting sales - Selecting trade areas and sites Data Base Marketing - Development of Prospect Lists - Enhancement of Customer Lists

25 Fact Finding Identify consumer behavior Trend analysis
Environmental scanning

26 Model Building Market potential Forecasting sales
Analysis of trade areas

27 Data Based Marketing Practice of maintaining a customer data base
Names Addresses Past purchases Responses to past efforts Data from numerous sources

28 Internal Data Internal and proprietary data is more descriptive
Accounting information Sales information Backorders Customer complaints

29 External Data Created, recorded, or generated by an entity other than the researcher’s organization Government Trade associations Newspapers and journals

30 External Data Libraries The Internet Vendors Producers
Books and periodicals

31 External Data Government sources Media sources Commercial sources

32 Government Sources

33 U.S. Population by Race and Hispanic Origin, July 1, 1997
(in thousands) White Black American Indian Asian & Pacific & Alaska Native Islander non-Hispanic , , , ,532 Hispanic , ,

34 Race and Ethnicity The race and Hispanic origin categories used by the Census Bureau are mandated by Office of Management and Budget All federal record keeping and data presentation to use four race categories (White, Black, American Indian and Alaska Native, Asian and Pacific Islander) and two ethnicity categories (Hispanic, non-Hispanic). These classifications are not intended to be scientific in nature, but are designed to promote consistency in federal record keeping and data presentation.

35 Commercial Sources Market share data companies like A.C. Nielsen provide information about sales volume and brand share over time Demographic and census updates—many organizations supply census updates, in easy-to-use or custom formats

36 Commercial Sources Attitude and public opinion research—syndicated services report the findings of opinion polls Consumption and purchase behavior data Advertising research—readership and audience data

37 Global Secondary Data Typical limitations Additional pitfalls
Unavailable Questionable accuracy Lack of standardized terminology

38 Evaluating Secondary Data

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