marketing research | | seeks to discover the cause of a specific problem by discussing the problem with informed sources both inside and outside the firm, and by examining data from other information sources |
exploratory research | | a small group of individuals in one location to discuss a subject of interest |
hypothesis | | a marketing research technique that involves introducing a new product in a specific geographic area and then observing its degree of success |
research design | | a technique in which a user employs special software to search through computerized data files to detect patterns |
secondary data | | the data that originates in unprecedented volume and at unprecedented speed from the world around us |
primary data | | a testable statement about the relationship among variables |
interpretative research | | the use of marketing intelligence data and model scenarios to create forecasts |
focus group | | a method in which a researcher observes a customer or group of customers in their natural setting and interprets their behavior based on a understanding of the social and cultural characteristics of that setting |
test marketing | | the process of collecting and using information for marketing and decision making |
big data | | a master plan for conducting marketing research |
data mining | | information collected for the first time specifically for a marketing research study |
predictive analytics | | information from previously published or compiled sources |