Renaldo is reviewing secondary data his company collected about seasonal variations in consumer spending because he is thinking about developing a new product line. The advantages of using these data include

Multiple Choice

they have been collected specifically for the purpose Renaldo is using it for.

their high cost can be justified by the results.

they can be quickly accessed at a relatively low cost.

they are historical data that can be used to accurately predict future trends.

they are new and can be used to project overall demand.