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

HRM, What are the risks involved in moving from a project-centric mode to a...

What are the risks involved in moving from a project-centric mode to a mix of projects and products.

Delegation the management tool, Delegation is one of the management tools w...

Delegation is one of the management tools where the person uses his leadership styles carefully and properly, by this position a person gets the authority to handle the task or his

Macville case 2, #quCase study 2 You have been requested by your manager t...

#quCase study 2 You have been requested by your manager to develop a strategic presentation for use in recruiting potential staff and interns to your organisation estion..

Circulation work , CIRCULATION WORK -OBJECTIVES Lending documents for...

CIRCULATION WORK -OBJECTIVES Lending documents for home reading is a normal, regular and on-going activity of most modern service libraries. When hundreds and thousands of do

STRATEGY IMPLIMENTATION, HOW AN ORGANISATION SHOULD UNDERTAKE STRATEGY IMPL...

HOW AN ORGANISATION SHOULD UNDERTAKE STRATEGY IMPLEMENTATION

Abc limited engineering company ltd, How would you examine if there is any ...

How would you examine if there is any merit in the remarks of various functional manager?

Cash study, List some scientific decision aids that you may prescribe to im...

List some scientific decision aids that you may prescribe to improve the situation

External secondary data, External Secondary Data: The second form of ...

External Secondary Data: The second form of secondary data is external sources which are generally published and are available in different form and form different sources. A

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