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JoVE Business
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Primary Data Collection Methods II
Primary Data Collection Methods II
Business
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Business Marketing
Primary Data Collection Methods II

10.9: Primary Data Collection Methods II

2,010 Views
01:30 min
November 22, 2024

Overview

Quantitative research is essential for obtaining structured, numerical data that can be systematically analyzed to inform decision-making. This approach is widely used across various fields, utilizing surveys, panel data, scanner-based research, and experiments to gather actionable insights.

Surveys, often conducted online or in person, collect standardized data from large groups. For example, healthcare organizations might use surveys to assess patient satisfaction, guiding improvements in care delivery. Panel research tracks the same individuals over time to observe trends. A technology company, for instance, might use panel studies to monitor user experiences with a new software update, helping refine future developments.

Scanner-based research captures purchase data using barcodes or Radio Frequency Identification (RFID) provides real-time insights into consumer behavior. For example, grocery stores can use RFID to track products on shelves, manage inventory, and restock items quickly when they run low. Experimental research involves manipulating variables in controlled settings with control groups and randomization, vital in public health. Researchers might evaluate the effectiveness of health interventions, like vaccination campaigns, using the data to improve disease prevention strategies. These methods enable precise, data-driven decision-making across various sectors.

Transcript

Primary data collected through quantitative research provides structured responses, enabling quantifiable and comparative analysis.

Quantitative research is crucial for understanding market trends and making data-informed decisions through numerical analysis.

It includes surveys, panel data, scanners, experiments, or a combination of these.

Surveys are conducted online, on phones, or in-person to gather structured data from several participants using close-ended questionnaires.

For instance, Amazon collects customer feedback on the shopping experience through email surveys and website prompts.

Panel research involves collecting data from a consistent group over time to track changes and trends. For instance, media organizations use panel studies to monitor target audience viewership habits and shape advertising strategies.

Scanner-based research uses barcodes or RFID to capture data at checkout counters, track purchase inventory, and analyze consumer behavior in retail stores.

Lastly, experimental research manipulates variables in a controlled setting to assess outcomes, guiding decisions with numerical data.

For instance, pharmaceutical companies conduct experimental research to test the effectiveness of medications.

Key Terms and Definitions

  • Quantitative Research - Structured numerical data gathering for systematic analysis.
  • Surveys - Collecting standardized data from large groups for interpretation.
  • Panel Research - Observing the same individuals over time for trend perception.
  • Scanner-Based Research - Acquiring purchase data through barcodes or RFID for real-time insights.
  • Experimental Research - Analysis of variable manipulation in controlled environments.

Learning Objectives

  • Define Quantitative Research – Identify its methodology (e.g., primary data collection methods).
  • Contrast Surveys vs Panel Research – Explain key differences (e.g., surveys are one-time, panel research is longitudinal).
  • Explore Panel Research – Describe its applicability in tech companies (e.g., user experience tracking).
  • Explain the relevance of Scanner-Based Research – Short description in retail for inventory management.
  • Apply Experimental Research – Demonstrate its application in health strategy improvement.

Questions that this video will help you answer

  • What is Quantitative Research and how to apply the primary methods of collecting data?
  • What are the differences between Surveys and Panel Research?
  • How does Experimental Research play a role in the improvement of health strategies?

This video is also useful for

  • Students – Understand how Quantitative Research supports systematic data-driven decision making.
  • Educators – Provides a clear understanding of data collection methods & their applications.
  • Researchers – Validates primary datapoints for rigorous analysis.
  • Marketing Professionals – Application of these methods in creating customer centric strategies.

Explore More Videos

Quantitative ResearchPrimary Data CollectionSurveysPanel DataScanner-based ResearchExperimentsDecision-makingConsumer BehaviorHealthcare OrganizationsTechnology CompaniesRFIDInventory ManagementExperimental ResearchHealth InterventionsData-driven Strategies

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