Finding the Data for Calculation

The video tutorial discusses the challenges of data collection, emphasizing that it often takes longer than expected. It explains the difference between primary and secondary data, providing examples of each. The tutorial also covers strategies for obtaining secondary data, such as using financial data, industry averages, or proxy data when primary data is unavailable.

What percentage of data is typically more challenging to collect according to the introduction?

• 20%

• 10%

• 40%

• 30%

Which of the following is an example of primary data?

• Industry averages

• Utility bills

• Proxy data

• Financial reports

What type of data involves using financial figures to estimate usage?

• Primary data

• Secondary data

• Raw data

• Direct data

If you lack financial data, what can you use to estimate data according to the tutorial?

• Industry averages

• Utility bills

• Direct measurements

• Primary data

When using proxy data, what is a key factor to consider?

• Exact financial figures

• Equivalent usage and size

• Direct data sources

• Primary data availability