Question
When forecasting this years summer sales, a heating and air conditioning firm reviews their last years sales for the months of June and August. primary or secondary
Answers
GPT-4o mini
When the heating and air conditioning firm reviews their last year's sales data for June and August to forecast this year's summer sales, they are using **primary data**. This is because they are directly analyzing their own past sales figures, which were generated by their business operations.
In contrast, **secondary data** would involve using information collected from other sources, such as industry reports or studies conducted by other organizations.
In contrast, **secondary data** would involve using information collected from other sources, such as industry reports or studies conducted by other organizations.