Examlex
Normal and lognormal distributions are completely specified by their:
i.mean; II) standard deviation; III) third moment
Mechanical Observations
The systematic recording of behaviors or processes using mechanical devices rather than human observation, often used in market research.
Idea Generation
The stage of the new-product development process that develops a pool of concepts to serve as candidates for new products, building upon the previous stage’s results.
Trend Hunting
The process of identifying and analyzing new trends in consumer behavior, technology, and culture to anticipate market changes.
Focus Group
A small, diverse group of people whose reactions are studied especially in market research or political analysis in guided or open discussions about a new product or something else to determine reactions that can be expected from a larger population.
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