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Unit 6: Business Decision Making

Sources for the collection of data

Use a variety of sources for the collection of data, both primary and secondary

Primary sources: survey methodology, questionnaire design, sample frame, acceptance sampling methods, sample error

Primary data is data collected at source, in other words you are designing the way the data is collected, you decide whom to ask and when to ask and in most cases you will be collecting the data or doing the interviews.

Secondary sources: internet research, government and other published data, by-product data

Secondary data is using data collected by another person or organisation. Many people, public bodies and private organisations collect data and publish it for others to use. These sources of data as they are not collected are referred to as secondary sources.

Web links for research or secondary data

Bank of England statistics

Biz/ed provides case studies appropriate for educational purposes

Department of Trade and Industry

Business Open Learning archive

UK government statistics

Up My Street — local information anywhere in UK

Office for National Statistics - Official Government Statistics

Eurostat
- Official EU Statistics

CIA World Factbook
- Information on all the countries of the world, including economic, geographical and political data.

OECD Statistics - Other statistical sources
- Information on economic, geographical and political data.

Suggested Reading

Quantitative Methods: A Business Perspective

Quantitative Methods for Business Decisions

Management Information Systems

Essential Business Statistics

Quantitative Methods for Business

 

 

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All content copyright 2007 - 2013

Web Links

Project Management, critical path analysis

Levinson Productivity Systems PC — quantitative techniques outlined

National Institute of Statistics — variety of quantitative techniques

Mindtools — very useful management tools

Web links for research or secondary data

Bank of England statistics

Biz/ed provides case studies appropriate for educational purposes

Department of Trade and Industry

Business Open Learning archive

UK government statistics

Up My Street — local information anywhere in UK

Office for National Statistics - Official Government Statistics

Eurostat - Official EU Statistics

CIA World Factbook
- Information on all the countries of the world, including economic, geographical and political data.

OECD Statistics - Other statistical sources
- Information on economic, geographical and political data.

All content copyright © 2007 - 2013