Examlex
The first step in the product development process is to evaluate opportunities and select the best product ideas.What is the second step?
Leading Indicators
Economic factors that change before the economy starts to follow a particular pattern or trend, used to predict future movements.
Lagging Indicators
Economic indicators that usually change after the economy as a whole does, thus confirming long-term trends.
Cognitive Bias
A systematic error in thinking or decision-making due to the brain's attempt to simplify information processing.
Common Measures Bias
Refers to the distortion that occurs when the same measurement tools or methods are used to collect data on multiple variables, leading to artificially inflated correlations among these variables.
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