Normal Distribution
A statistical distribution where most occurrences take place near the mean, and fewer occurrences happen as you move further from the mean, forming a bell curve.
186 topics found for
“decision analysis”
Competitive Landscape
The overall market environment in which a business operates, including the strengths and weaknesses of competitors.
Fallacy of Composition
A logical fallacy that occurs when one assumes that what is true for a part is also true for the whole.
MRD
Market Requirements Document (MRD) is a comprehensive document that outlines the market's needs, target audience, and business objectives for a product.
Zero-Risk Bias
A cognitive bias where people prefer the option that seems to eliminate risk entirely, even if another option offers a greater overall benefit.
MECE
Mutually Exclusive, Collectively Exhaustive (MECE) is a problem-solving framework ensuring that categories are mutually exclusive and collectively exhaustive, avoiding overlaps and gaps.
User Interviews
A qualitative research method involving direct conversations with users to gather insights into their needs, behaviors, and experiences.
Big Data Analytics
The process of examining large and varied data sets to uncover hidden patterns, correlations, and insights.
Thick Data
Qualitative data that provides insights into the context and human aspects behind quantitative data.