First Party Data
: data collected by an individual or group using their own resourcesSecond Party Data
: data collected by a group directly from its audience and then sold Third Party Data
: data collected from outside sources who did not collect it directlyPopulation
: all possible data values in a certain datasetSample
: a part of a population that is representative of the populationOrder To Consider
- Select the right type of data
- Determine the time frame
when collecting new data
3-a. Decide how data will be collected
3-b. Decide how much data to collect
when using exisiting data
3-a. Choose the data sources
3-b. Decide what data to use