What is a major drawback of collecting primary data?
- A.It is generally more reliable than secondary data
- B.It can be time-consuming and costly✓ correct
- C.It offers less detailed information
- D.It is frequently outdated
This topic focuses on the various methods of collecting data for quantitative analysis, including primary and secondary sources.
Aligned to the KASNEB Quantitative Analysis syllabus.
Data collection is fundamental in quantitative analysis. Understanding the difference between primary and secondary data is crucial for effective research.
Primary Data is original data collected firsthand for a specific purpose. It is gathered directly from the source through methods such as surveys, interviews, experiments, and observations. This data is often more reliable and relevant to the specific research question. For instance, a Kenyan market researcher may conduct surveys among local consumers to gather insights on purchasing preferences.
Secondary Data, on the other hand, is data that has already been collected and published by others. It includes sources such as government reports, academic journals, and online databases. While secondary data can be more accessible and less costly, it may not always be directly applicable to the specific research needs. An example is using KRA tax reports to analyze trends in business taxes.
In practice, researchers often use a combination of both data types to enhance the robustness of their findings. Primary data provides specificity, while secondary data offers context and background information.
Key points
Scenario: A researcher wants to understand consumer preferences for mobile payment methods in Kenya.
Method: Conduct a survey.
Data Collected:
Scenario: The researcher wants to analyze trends in mobile payment usage over the last five years.
Method: Use existing reports and studies.
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What is a major drawback of collecting primary data?
Distinguish between primary and secondary data collection methods. (2 marks)
1. Primary data collection involves gathering data directly from the source for the specific purpose of a study, ensuring its relevance and accuracy. 2. Secondary data collection involves using existing data collected for other purposes, which may not be as tailored to the current research needs but is often more cost-effective and quicker to obtain.
Which of the following is NOT a method for collecting primary data?
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Reserve beta accessPrimary data is original and collected firsthand.
Define clear research objectives to guide data collection.
Reliability means consistency in data measurement.
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