Chapter 5 of TU BBA 8th Semester Marketing Research
Chapter 5 of TU BBA 8th Semester Marketing Research
Chapter 5 of TU BBA 8th Semester Marketing Research
analysis and
interpretation
Chapter – 5
Introduction to data
collection
• In the world of research, there are two main types of data sources: primary
and secondary. While primary research involves collecting new data directly
from individuals or sources, secondary research involves analyzing existing
data already collected by someone else. Today we’ll discuss secondary
research.
• Secondary research is a research method that involves using already
existing data. Existing data is summarized and collated to increase the
overall effectiveness of the research.
• One of the key advantages of secondary research is that it allows us to gain
insights and draw conclusions without having to collect new data ourselves.
This can save time and resources and also allow us to build upon existing
knowledge and expertise.
Sources of secondary data
• When conducting secondary research, it’s important to be thorough
and thoughtful in our approach. This means carefully selecting the
sources and ensuring that the data we’re analyzing is reliable and
relevant to the research question. It also means being critical and
analytical in the analysis and recognizing any potential biases or
limitations in the data.
• Secondary research is much more cost-effective than primary research, as it
uses already existing data, unlike primary research, where data is collected
firsthand by organizations or businesses or they can employ a third party to
collect data on their behalf.
Common secondary research
methods
• Data available on internet
• Government and non-government agencies
• Public libraries
• Educational institutions
• Commercial information sources
1. Data Available on The Internet
• Public libraries are another good source to search for data for this
research. Public libraries have copies of important research that were
conducted earlier. They are a storehouse of important information
and documents from which information can be extracted.
• The services provided in these public libraries vary from one library to
another. More often, libraries have a huge collection of government
publications with market statistics, large collection of business
directories and newsletters.
4. Educational Institutions
Research is conducted first hand to obtain data. Researcher “owns” the data
Research is based on data collected from previous researches.
collected.
Primary research is an expensive process and consumes a lot of time to collect Secondary research is a quick process as data is already available. Researcher
and analyze data. should know where to explore to get most appropriate data.
Problems used in
secondary data
• Although data is readily available, credibility evaluation
must be performed to understand the authenticity of the
information available.
• Not all secondary data resources offer the latest reports
and statistics. Even when the data is accurate, it may not
be updated enough to accommodate recent timelines.
• Secondary research derives its conclusion from collective
primary research data. The success of your research will
depend, to a greater extent, on the quality of research
already conducted by primary research.
Collection of primary data
The data may be adequate, valid and reliable to any extent, but without
its proper management it can not be directly used for analysis.
They should see whether answers to questions supplied by informants are consistent or not.
2. Editing of Completeness:
Examine whether all questions in the schedule or questionnaire are answered or not.
For example, classification of the data relating to the family budget may be;
• Thus tabulation is the process of summarizing raw data and displaying the
same in compact form for further analysis.
•
The purpose of tabulation is to summarize a mass of numerical information
and to present it in the simplest form consistent with the purpose.
It is a medium of communication with economy and effectiveness. Tabulation
has the following objectives to fulfill:
• to clarify the object of investigation;
•to clarify the characteristic of data;
•to present facts in the minimum of space; and
•to facilitate statistical process.
Data analysis
• It includes
• Estimation statistics
• Hypothesis testing
Estimation statistics
• A statistic that is used to estimate the
population parameter from the analysis of
sample is known as estimation statistic
• Estimation is made using the following two
methods
*Confidence interval or estimate
* Parameter estimation
Confidence interval or
estimate
• It helps to establish difference between two
points. It is a range of value within ,which
the analyst can declare with some confidence
of, the population parameter lies in sample.
• It helps to estimate the value or
characteristics of population analyzing the
sample
• If the campus estimates that the admission of
300-350 students and the admission fall within
these two figures then it is the estimation of
confidence interval
Parameter estimation
• It is a statistical method that helps to
estimate the relationship of variables that are
in the population is known as parameter
estimation. Liner regression, mode ,
correlation are some examples of parameter
estimation.
• Such statistic helps to estimate the
relationship of variables that are in the
population by the analysis of sample .
Hypothesis testing
• Inference on population characteristics or
parameters are often made based on sample
observations , especially when population is
large and it may not be able to enumerate all
the sampling units belonging to the population
• In doing so one has to take the help of certain
assumption about the characteristics of the
population which are known as hypothesis.
Procedure for testing
hypothesis
1. State the null and alternative hypothesis :
researcher should set the hypothesis based on
the literature . Researcher should set both
null and hypothesis
2. Establish a level of significance : the level
of significance signifies the probability of
committing errors that is accepted . It is
setup at the discretion of the researcher
depending on the sensitivity of the issue . If
5% level of significance is accepted , the
researcher is willing to take 5 % risk of
rejecting the null hypothesis even if its true
3. Choose a suitable test statistics
For the purpose of rejecting or accepting null
hypothesis , asuitable statistical tool is
chosen which is known as test statistics. If the
tabulated p-value is greater than level of
significance then null hypothesis is rejected,
otherwise accepted