Answer» Correct Answer - Option 1 : Primary Data
The correct answer is Primary Data. - Primary data are original observations collected by the researcher or by his agent for the first time for any investigation and it is a collection of data from first-hand information.
- This type of primary data is mostly pure and original data.
- The primary data is the one type of important data it is useful for current studies as well as for future studies.
- Secondary data are those which have already been collected by someone else and which have through some statistical analysis.
- Secondary data is the already existing data, collected by the investigator agencies and organizations earlier.
- Primary data is real-time data whereas secondary data is one that relates to the past.
- Primary data is collected for addressing the problem at hand while secondary data is collected for purposes other than the problem at hand.
- Primary data collection is a very involved process. On the other hand, the secondary data collection process is rapid and easy.
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