Analytics & Statistics |
Data-Driven Decisions,
Key Concepts & Study
Guide
|Guaranteed success|
, Marketing Data A pool of information about customers and brands'
interaction derived from various touchpoints.
Data Mining The process of acquiring data and turning it into a
useful form for marketing analytics.
Data Collection The process of gathering the needed marketing
data for analysis.
Identification of Suitable Metrics The process of choosing the appropriate measures
that can be used to evaluate the marketing problem.
Data Analytics The process of analyzing collected data to generate
useful results and insights.
Interpretation of Solution The process of interpreting the generated solution
to help in decision-making.
Monitoring The process of checking the effectiveness of actions
taken and determining if further improvement is
needed.
Quantitative Data A type of marketing data listed in the lesson that
deals with quantitative information.
Qualitative Data A type of marketing data listed in the lesson that
deals with qualitative information.