What is secondary data explain its advantages and disadvantages?

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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.

What are the advantages and disadvantages of secondary data?

Advantages And Disadvantages Of Secondary DataEase of access. The secondary data sources are very easy to access. ... Low cost or free. ... Time-saving. ... Allow you to generate new insights from previous analysis. ... Longitudinal analysis. ... Anyone can collect the data. ... A huge amount of secondary data with a wide variety of sources.Secondary Data: Advantages, Disadvantages, Sources, Types

What do you mean by secondary data?

Secondary data is research data that has previously been gathered and can be accessed by researchers. The term contrasts with primary data, which is data collected directly from its source.

What are the advantages and disadvantages of secondary research?

Pros: As it is largely based on already existing data derived from previous research, secondary research can be conducted more quickly and at a lesser cost. Cons: A major disadvantage of secondary research is that the researcher may have difficulty obtaining information specific to his or her needs.

What is secondary data and examples?

Secondary data refers to data that is collected by someone other than the primary user. Common sources of secondary data for social science include censuses, information collected by government departments, organizational records and data that was originally collected for other research purposes.

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