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A Market Segment Profile Describes the Similarities Among Potential Customers

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A market segment profile describes the similarities among potential customers within a segment and explains the differences among people across market segments.


Definitions:

Delphi Method

An iterative process used for collecting and distilling the knowledge of a panel of experts through a series of questionnaires interspersed with feedback.

Forecast

A prediction or estimate of future events, especially concerning weather or economic conditions.

Questionnaires

A research instrument consisting of a series of questions for the purpose of gathering information from respondents.

Delphi Method

A forecasting process framework based on the results of multiple rounds of questionnaires sent to a panel of experts.

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