Exam 3: Secondary Data and Databases

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If secondary data shows a lack of consistency, the researcher must do their own research.

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Statistical techniques are often utilized in data mining.

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Charming Charlie's, a lady's accessory store, wants to increase brand awareness of the latest season's colors. Their goal calls for increasing click through rate with their online advertising. The researcher needs to use________________ to achieve the company's goals.

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Secondary data can identify potential problems.

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Secondary data is available for nearly every research question.

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Market basket analysis is a common application of _______.

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VISA considers updating its affiliate offerings to customers during the holiday season based on their buying habits over the last four years. This is an example of_________.

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A hotel chain wants to explore whether to add or reduce the number of franchises in a city. Where should the researcher look for secondary data first?

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Secondary data can sometimes be used as a sample frame.

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A neural network is a computer program that mimics the processes of the human brain.

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Most relationships explored in data mining are intuitively obvious.

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For example, a manager for Wal-Mart may have sufficient secondary data on incomes, family sizes, number of competitors, and growth potential to determine in which of five Iowa towns Wal-Mart wishes to locate its next store. And if traffic counts exist for the selected town, primary data will have to be gathered to select a specific site for the store.

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Secondary data is previously gathered data that might be relevant to the problem at hand.

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Starbuck's keeps records of its customers' purchases via their Starbuck's reward card and provides them with a coupon for a free drink after five purchases. This is an example of__________.

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Describe how a decision support system can support a company's decision maker.

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Which of the following is not characteristic of secondary data?

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Social media offers researchers more information than ever before for data mining.

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What disadvantages might the founders of Facebook have encountered if they tried to use secondary data when they began their venture?

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Describe a situation in which a marketing research aggregator could benefit a client or marketing research supplier.

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All of the following are advantages of secondary data except:

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