Market Research Key terms and concepts?
Market Research

Key terms and concepts
Bounce rate - The number of people who view one page and then leave
a website without viewing any other pages.
Data - Statistics and facts collected for analysis.
Focus group - A form of qualitative research where people are
asked questions in an interactive group setting. From
a marketing perspective, it is an important tool for
acquiring feedback regarding new products and various
topics.
Hypothesis - A supposition that is tested in relation to known facts;
a proposition based on reason but not necessarily
assumed to be true.
Listening lab - A testing environment where the researcher observes
how a customer uses a website or product.
Observation/online ethnography - When a researcher immerses themselves in a particular
environment in order to gather insights.
ORM - Online reputation management (ORM) Understanding
and infuencing the perception of an entity online.
Primary research - The collection of data to present a new set of fndings
from original research.
Qualitative data - Data that can be observed but not measured. Deals with
descriptions.
Quantitative data - Data that can be measured or defned. Deals with
numbers.
Really simple syndication (RSS) - RSS allows you to receive updates without requiring you
to constantly visit web pages in your browser.
Research community - A community set up with the intention of being a source
for research.
Research methodology - Methods employed in research for reaching results.
Sample size - The number of respondents in a sample of the
population.
Secondary research - The collection of existing research data.
Sentiment - The emotion attached to a particular mention – positive,
negative or neutral.
Statistically significant - A sample that is big enough to represent valid
conclusions.
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