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Voice of the Market (VOM): For Effective Study

The voice of market refers to the systematic collection and analysis of customer feedback, preferences, and insights that directly influence business decisions. Unlike traditional market research, this approach focuses on real-time customer experiences and genuine...

Statistical Process Control (SPC) Charts

Table of contentsStatistical Process Control (SPC) ChartsKey elements of SPC chartsCommon types of SPC chartsApplies of SPC ChartsRelated Articles Estimated reading time: 4 minutes Statistical Process Control (SPC) Charts Statistical Process Control (SPC) chart types...

Value Added Analysis

Table of contentsValue Added AnalysisHistoryApplicationBenefits of Value-Added AnalysisRelated Articles Estimated reading time: 3 minutes Value Added Analysis Value Added Analysis (VAA) is a method used in economics and business to measure the contribution of a...

Profitability Index

Table of contentsWhat Is Profitability Index?The formula for calculating the Profitability Index is:Where can I use it?Related Articles Estimated reading time: 3 minutes What Is Profitability Index? The Profitability Index or PI in bussiness, also known as the Profit...

Wilcoxon Rank-Sum

Table of contentsWhat is the Wilcoxon Rank-Sum Test?Example of Wilcoxon Rank-SumRelated Articles Estimated reading time: 3 minutes What is the Wilcoxon Rank-Sum Test? The Wilcoxon rank-sum test, also known as the Mann-Whitney U test, is a non-parametric statistical...
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