Advantages of panel data, Management Theories

Assignment Help:

Advantages of Panel Data:

a. Such data enable the researcher to undertake detailed analysis. For example one can determine the characteristics of individuals who have changed brands and those who have not. This may help the firm identifying the segment of the population on which promotional effort should be focused.

b. More comprehensive data could be obtained individuals so families included in the panel are those who have accepted to provide data periodically. As panel members are wiling persons more data can be collected.

c. Panel data have been found to be more accurate than data collected through surveys.

d. Costs of data collection through panels are generally lower than through personal interviews. A large proportion of the costs of the panel is fixed cost such as expenditure incurred on the recruitment training and maintaining of panel members while the variable cost of collecting data from them may be moderate particularly as the response rate will be extremely high.


Related Discussions:- Advantages of panel data

SELECTION PROCESS, what is the steps of humman resource management SELECTIO...

what is the steps of humman resource management SELECTION PROCESS

An advantage of simulation modeling , Advantage of simulation modeling is ...

Advantage of simulation modeling is a. It generates an optimal solution to the problem. b. It allows the inclusion of real-world complications. c. It can be used in simil

"fashion4now" is a famous and old magazine, "Fashion4Now" is a famous and o...

"Fashion4Now" is a famous and old magazine. The top management decides to start the  e- edition of the magazine. They also decide the redefine the policies and culture of window

Heuristics, Heuristics Heuristic denotes by trial and error. In organiz...

Heuristics Heuristic denotes by trial and error. In organizational behavior the phrase heuristics provides the set of implicit biases and decision-making roles that individua

Explain chain of command, Q. Explain chain of command? Unbroken line of...

Q. Explain chain of command? Unbroken line of authority is recognized as chain of command. The line of authority runs from top to bottom through the chain of command.

Marketig, core concepts of marketing

core concepts of marketing

Evaluate a range of leadership theories, 1. Current theories and models of ...

1. Current theories and models of leadership and their applicability to different sub-divisions, organisations, industries and sectors 2. Evaluate a range of leadership theories

Management information system, the past and present state of MIS in logisti...

the past and present state of MIS in logistic industry

#business management., what are the practical consequences of incorporatio...

what are the practical consequences of incorporation?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd