Project Management Steps

Studying markets and how people and businesses buy and sell products and services is not trivial or new. Economists have the job of theorizing about markets while market researchers have the job of collecting and distilling information for practical problems. These problems are complex and require thoughtful analyses with sophisticated tools and techniques. Due to this complexity, no market research project, or any statistical project in general, should be done without a clear project management framework for the successful completion of the research. Figure 2.1 Market Research Parts in JMP shows six parts of a framework that are also properties of JMP that make it an ideal tool for analyzing market data. Any statistical ...

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