My recommendation would be to gather a small amount of updated data and compare it to the original dataset to determine the probability of updates to a particular data record. Some data fields may be seldom changing (whether an account is active or now), while others may be more prone to change (home address, for example). In some datasets, a year and a half will be far too long. In other cases, there will be minimal updates. It will partly depend on how long the research will take you as well.
The data can still still be used for analysis and any conclusion drawn should be in references to the period / time the data was collected.
In short, it all depends on your research questions, research problems & research objectives
Aliza Errom The veracity of a dataset is heavily influenced by the research topic and the type of data gathered. In your instance, because your data was collected in November 2021, it should still be deemed valid if it is pertinent to your research topic and no major changes in the banking industry have occurred since then that could impact the validity of your findings.
However, before analyzing data, it is always a good idea to double-check its significance and veracity. You should also go over any pertinent literature that has been released since your data gathering to ensure that your research is still relevant and up to date.
If your data is still valid and pertinent, and there have been no major changes in the industry since your data was gathered, there may be no need for additional data collection. If you discover that your data is no longer pertinent or that the industry has changed significantly, you may need to gather additional data to ensure that your research is accurate and comprehensive.
- Badges
- Science topic
- Similar topics
- Analytical Chemistry
- Column