Key terms and concepts for market research

Term Definition
Bounce rate The number of people who view one page and then leave a website without viewing any other pages
Data Statistics and facts collected for analysis.
Focus group A form of qualitative research where people are asked questions in an interactive group setting. From a marketing perspective, it is an important tool for acquiring feedback regarding new products and various topics.
Hypothesis A supposition that is tested in relation to known facts; a proposition based on reason but not necessarily assumed to be true.
Listening lab A testing environment where the researcher observes how a customer uses a website or product.
Observation/online ethnography When a researcher immerses themselves in a particular environment in order to gather insights.
ORM Online reputation management (ORM) Understanding and influencing the perception of an entity online.
Primary research The collection of data to present a new set of findings from original research.
Qualitative data Data that can be observed but not measured. Deals with descriptions.
Quantitative data Data that can be measured or defined. Deals with numbers
Really simple syndication (RSS) RSS allows you to receive updates without requiring you to constantly visit web pages in your browser.
Research community A community set up with the intention of being a source for research.
Research methodology Methods employed in research for reaching results.
Sample size The number of respondents in a sample of the population.
Secondary research The collection of existing research data.
Sentiment The emotion attached to a particular mention – positive, negative or neutral.
Statistically significant A sample that is big enough to represent valid conclusions.