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Published byPeregrine Reeves Modified over 9 years ago
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Indicator 3.05 Interpret marketing information to test hypotheses and/or to resolve issues.
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Need for physical inspection of paper- based marketing data
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Questions to ask when screening initial data
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Actions that can be taken with incomplete records
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Reasons for data entry errors that limit the use of marketing research data
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Reasons that questionable entries are found in raw marketing research data
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Role of coding in processing marketing data
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Generally accepted coding principles
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Importance of editing coded information
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Data-entry options
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Paper-based marketing information vs. computer-based marketing information
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Importance of using a codebook to describe data and to indicate where and how they can be accessed
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Vocabulary Descriptive statistics Mean Medium Mode Range Standard deviation skewed
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Objectives of using descriptive statistics to interpret data
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Advantages and disadvantages of using the mean, median, and mode as measures of central tendency
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When to use the mean, median, and mode
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Importance of using the median when working with skewed distributions
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Use of the standard deviation in data analysis
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