Better define the problem Develop an approach to the problem Formulate an appropriate research design (for example, by identifying the key variables) Answer certain research questions and test some hypotheses Interpret primary data more insightfully
Criteria for Evaluating Secondary Data Specifications: Methodology Used to Collect the Data (size and nature of sample, response rate, questionnaire design, administration. Error: Accuracy of the Data (errors in sampling, data collection, analysis) Currency: When the Data Were Collected (time lag between data collection and publication) Objective(s): The Purpose for Which the Data Were Collected (study on brand choice) Nature: The Content of the Data (high income consumers with gross annual household incomes of over $90,000, secondary data with income categories of less than 15,000, 15,001-30,000, 30,001 to 50,000 and 50,000+ will NOT be of much use) Dependability: Overall, How Dependable Are the Data