What is the difference between primary and secondary data?
An example of an AI chatbot conversation about primary vs secondary data.
What is the difference between primary and secondary data?
Primary data is collected firsthand for a specific purpose, while secondary data is previously collected data used for analysis.
Can you give me examples of each type of data?
Sure! An example of primary data is a survey you conduct, while secondary data could be statistics from a government report.
When should I use primary data instead of secondary data?
Use primary data when you need specific information tailored to your research, and secondary data when you need broader context.
Are there any disadvantages to using primary data?
Yes, primary data collection can be time-consuming and expensive compared to using readily available secondary data.
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