Module IV RM
Module IV RM
The sources of primary data are usually chosen and tailored specifically to
meet the demands or requirements of particular research. Also, before
choosing a data collection source, things like the aim of the research and
target population need to be identified.
For example, when doing a market survey, the goal of the survey and the
sample population need to be identified first. This is what will determine
what data collection source will be most suitable—an offline survey will be
more suitable for a population living in remote areas without an internet
connection compared to online surveys.
An organization doing market research about a new product (say phone) they
are about to release will need to collect data like purchasing power, feature
preferences, daily phone usage, etc. from the target market. The data from
past surveys are not used because the product differs.
● Student Thesis
For example, a student carrying out a research project to find out the effect of
daily intake of fruit juice on an individual's weight will need to take a sample
population of 2 or more people, feed them with fruit juice daily and record
the changes in their weight. The data gathered throughout this process is
primary.
● Trauma Survivors
On the other hand, telephonic interviews are carried out over the phone
through ordinary voice calls or video calls. The 2 parties involved may
decide to use video calls like Skype to carry out interviews.
A mobile phone, Laptop, Tablet, or desktop computer with an internet
connection is required for this.
Pros
Cons
● It is more time-consuming.
● It is expensive.
● The interviewer may be biased.
After giving the required responses, the survey is given back to the researcher
to record. It is advisable to conduct a pilot study where the questionnaires are
filled by experts and meant to assess the weakness of the questions or
techniques used.
There are 2 main types of surveys used for data collection, namely; online
and offline surveys. Online surveys are carried out using internet-enabled
devices like mobile phones, PCs, Tablets, etc.
This kind of survey is called online-offline surveys because they can be filled
offline but require an internet connection to be submitted.
Pros
● Respondents have adequate time to give responses.
● It is free from the bias of the interviewer.
● They are cheaper compared to interviews.
Cons
3. Observation
The evaluation may also decide to observe from outside the class, becoming
a non-participant. An evaluator may also be asked to stay in class and
disguise as a student, to carry out a disguised observation.
Pros
Cons
4. Focus Groups
Pros
Cons
5. Experiments
After which they will be analyzed and a conclusion will be drawn from the
result of the analysis. Although experiments can be used to collect different
types of primary data, it is mostly used for data collection in the laboratory.
Pros
Cons
Questionnaire Schedule
The questionnaire is one of the The schedule is also one of the methods of
methods used for data collection. The data collection. It will have a set of statements,
questionnaire will have many questions and space given to note down the
questions, with each question having answers.
multiple choices.
The type of technique used in the The type of technique used in the Schedule
Questionnaire method is Quantitative. method is Qualitative.
In the Questionnaire method, the In the schedule method of data collection, the
grouping is made on the basis of grouping may exist or may not exist.
different categories like location, age,
gender etc.
The cost incurred in the questionnaire The cost incurred in the Schedule method of
method of data collection is data collection is very expensive since there is
economical in comparison with the the cost involved in preparing the schedule,
schedule. The cost is less even if the cost incurred on enumerators in addition to the
sample size used is very large. training imparted to them.
Predominantly the money is spent on
preparing questionnaires only.
The coverage of Questionnaire method The coverage of this method is relatively small
is large as the questionnaires can even as there are constraints in sending enumerators
be sent to respondents who are not to larger areas.
easily accessible.
The response rate of the Questionnaire The response rate in the Schedule method of
method is low compared to the data collection is high.
Schedule method.
In the Questionnaire method, the In the Schedule method, the identity of the
identity of the respondent is not respondent is known.
known.
The Questionnaire quality determines The success of the Schedule method of data
the success of the questionnaire collection is dependent on the efficiency,
method of data collection. integrity and honesty of the Schedule method
of data collection.
No alternate answer
options are given to
choose from, either
Alternate answer choices respondent need to
Available can be made available to write or respond to
Options choose from. the interviewer.
Technique
Type Quantitative Qualitative
Schedule is done
generally where a
small set or groups
Questionnaire can easily of people are
Cover cover large audiences. involved.
actual views or
provide correct
not. answer.
Data collection saves the researcher time and funds that would otherwise be
misspent without a deeper understanding of the topic or subject matter.
To prove the need for a change in the norm or the introduction of new
information that will be widely accepted, it is important to collect data as
evidence to support these claims.
For instance, before launching a new product, an organization needs to collect data
on product demand, customer preferences, competitors, etc. In case data is not
collected beforehand, the organization’s newly launched product may lead to
failure for many reasons, such as less demand and inability to meet customer
needs.
Although data is a valuable asset for every organization, it does not serve any
purpose until analyzed or processed to get the desired results.
You can categorize data collection methods into primary methods of data
collection and secondary methods of data collection.
Primary data collection methods can be divided into two categories: quantitative
methods and qualitative methods.
Quantitative Methods:
Quantitative techniques for market research and demand forecasting usually make
use of statistical tools. In these techniques, demand is forecast based on historical
data. These methods of primary data collection are generally used to make long-
term forecasts. Statistical methods are highly reliable as the element of subjectivity
is minimum in these methods.
Smoothing Techniques
In cases where the time series lacks significant trends, smoothing techniques can
be used. They eliminate a random variation from the historical demand. It helps in
identifying patterns and demand levels to estimate future demand. The most
common methods used in smoothing demand forecasting techniques are the simple
moving average method and the weighted moving average method.
Barometric Method
Also known as the leading indicators approach, researchers use this method to
speculate future trends based on current developments. When the past events are
considered to predict future events, they act as leading indicators.
Qualitative Methods:
Qualitative methods are especially useful in situations when historical data is not
available. Or there is no need of numbers or mathematical calculations. Qualitative
research is closely associated with words, sounds, feeling, emotions, colors, and
other elements that are non-quantifiable. These techniques are based on experience,
judgment, intuition, conjecture, emotion, etc.
Surveys
Surveys are used to collect data from the target audience and gather insights into
their preferences, opinions, choices, and feedback related to their products and
services. Most survey software often a wide range of question types to select.
You can also use a ready-made survey template to save on time and effort. Online
surveys can be customized as per the business’s brand by changing the theme,
logo, etc. They can be distributed through several distribution channels such as
email, website, offline app, QR code, social media, etc. Depending on the type and
source of your audience, you can select the channel.
Once the data is collected, survey software can generate various reports and run
analytics algorithms to discover hidden insights. A survey dashboard can give you
the statistics related to response rate, completion rate, filters based on
demographics, export and sharing options, etc. You can maximize the effort spent
on online data collection by integrating survey builder with third-party apps.
Polls
Polls comprise of one single or multiple choice question. When it is required to
have a quick pulse of the audience’s sentiments, you can go for polls. Because they
are short in length, it is easier to get responses from the people.
Similar to surveys, online polls, too, can be embedded into various platforms. Once
the respondents answer the question, they can also be shown how they stand
compared to others’ responses.
Interviews
In this method, the interviewer asks questions either face-to-face or through
telephone to the respondents. In face-to-face interviews, the interviewer asks a
series of questions to the interviewee in person and notes down responses. In case
it is not feasible to meet the person, the interviewer can go for a telephonic
interview. This form of data collection is suitable when there are only a few
respondents. It is too time-consuming and tedious to repeat the same process if
there are many participants.
Delphi Technique
In this method, market experts are provided with the estimates and assumptions of
forecasts made by other experts in the industry. Experts may reconsider and revise
their estimates and assumptions based on the information provided by other
experts. The consensus of all experts on demand forecasts constitutes the final
demand forecast.
Focus Groups
In a focus group, a small group of people, around 8-10 members, discuss the
common areas of the problem. Each individual provides his insights on the issue
concerned. A moderator regulates the discussion among the group members. At the
end of the discussion, the group reaches a consensus.
Questionnaire
A questionnaire is a printed set of questions, either open-ended or closed-ended.
The respondents are required to answer based on their knowledge and experience
with the issue concerned. The questionnaire is a part of the survey, whereas the
questionnaire’s end-goal may or may not be a survey.
● Government reports
● Press releases
● Business journals
● Libraries
● Internet
The secondary data collection methods, too, can involve both quantitative and
qualitative techniques. Secondary data is easily available and hence, less time-
consuming and expensive as compared to the primary data. However, with the
secondary data collection methods, the authenticity of the data gathered cannot be
verified.
Also, read:
● Categorical Data
● Data Handling
● Sampling Methods
● Should have good physical appearance such as colour, quality of the paper to attract the
attention of the respondent
Schedules
This method is similar to the questionnaire method with a slight difference. The enumerations
are specially appointed for the purpose of filling the schedules. It explains the aims and
objects of the investigation and may remove misunderstandings, if any have come
up. Enumerators should be trained to perform their job with hard work and patience.
● Government publications
● Public records
● Business documents
● Diaries
● Letters