The sources of secondary data can broadly be

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Unformatted text preview: s, and 2. Unpublished sources. 1. Published Sources: The various sources of published data are: 1. Reports and official publications of (i) International bodies such as the International Monetary Fund, International Finance Corporation and United Nations Organisation. (ii) Central and State Governments such as the Report of the Tandon Committee and Pay Commission. 2. Semi-official publication of various local bodies such as Municipal Corporations and District Boards. 3. Private publications-such as the publications of – (i) Trade and professional bodies such as the Federation of Indian Chambers of Commerce and Institute of Chartered Accountants. (ii) Financial and economic journals such as ‘ Commerce’ , ‘ Capital’ and ‘ Indian Finance’ . (iii) Annual reports of joint stock companies. (iv) Publications brought out by research agencies, research scholars, etc. It should be noted that the publications mentioned above vary with regard to the periodically of publication. Some are published at regular intervals (yearly, monthly, weekly etc.,) whereas others are ad hoc publications, i.e., with no regularity about periodicity of publications. Note: A lot of secondary data is available in the internet. We can access it at any time for the further studies. 36 2. Unpublished Sources All statistical material is not always published. There are various sources of unpublished data such as records maintained by various Government and private offices, studies made by research institutions, scholars, etc. Such sources can also be used where necessary Precautions in the use of Secondary data The following are some of the points that are to be considered in the use of secondary data 1. How the data has been collected and processed 2. The accuracy of the data 3. How far the data has been summarized 4. How comparable the data is with other tabulations 5. How to interpret the data, especially when figures collected for one purpose is used for another Generally speaking, with secondary data, people have to compromise between what they want and what they are able to find. Merits and Demerits of Secondary Data: 1. Secondary data is cheap to obt...
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This note was uploaded on 01/18/2014 for the course BUS 100 taught by Professor Moshiri during the Winter '08 term at UC Riverside.

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