Logistic Regression
A statistical method used to predict a binary outcome based on prior observations, modeling the probability of an event as a function of independent variables.
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“business model testing”
MRR
Monthly Recurring Revenue (MRR) is a metric that quantifies the predictable revenue generated each month from customers.
Usability Testing
A technique used to evaluate a product or system by testing it with real users to identify any usability issues and gather qualitative and quantitative data on their interactions.
User Testing
The process of evaluating a product by testing it with real users to gather feedback and identify usability issues.
Business Logic
The part of an application that encodes the real-world business rules that determine how data is created, stored, and modified.
Operating Model
A framework that defines how an organization operates across various functions to deliver value to customers and achieve business objectives.
Business Viability
The potential for a project or solution to be economically sustainable and profitable.
Testing Effect
The phenomenon where taking a test on material improves long-term retention of that material more than additional study sessions.
5-Second Test
A usability test where users are shown a design for 5 seconds to measure recall and initial reactions.