13.2 Primary vs Secondary Data
Primary Data
Data collected first-hand by the researcher or organisation for a specific purpose. Example: A retailer surveys its own customers about a new loyalty programme.
Secondary Data
Data that already exists, having been collected by someone else for a different original purpose, and is reused for the current analysis. Example: Using government census figures or a published industry report to estimate market size.
Primary data is more expensive and time-consuming to collect but is tailored exactly to the question at hand; secondary data is faster and cheaper but may not fit perfectly.