1752793
Description
Mind Map by Johnson Buz, updated more than 1 year ago
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Created by Johnson Buz
over 9 years ago
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Market Analysis
- Test Marketing
- Launching the
product in a small
part of the target
market to assess
success and
minimise risk by
correcting any
problems before a
large scale launch
- Launching the
product in a small
part of the target
market to assess
success and
minimise risk by
correcting any
problems before a
large scale launch
- Extrapolation
- Using past
trends in data
to make future
predicions
- Using past
trends in data
to make future
predicions
- Moving Averages
- Method of smoothing out
fluctuations in data by taking a
time period e.g. 3 quarters and
finding the average value for
this time period. It is the
moving average value that is
used to see if there are any
trends
- Method of smoothing out
fluctuations in data by taking a
time period e.g. 3 quarters and
finding the average value for
this time period. It is the
moving average value that is
used to see if there are any
trends
- Correlation
- Looks at the strength of the
relationship between 2
variables
- Looks at the strength of the
relationship between 2
variables
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