data analysis<\/a> on their sales figures and results of any customer feedback surveys, so they know where to direct their efforts in addressing any problems in order to not waste money on selling unsuitable products and services.<\/p> Data analysis?<\/h2>
This phrase sends shivers down the spines of many a person that is uninitiated in the world of multivariate analysis.<\/p>
In case you weren\u2019t aware, multivariate analysis refers to the practice of scrutinising multiple \u201cvariables\u201d; in layman\u2019s terms, taking various facts, applying certain criteria to them and seeing what the outcome is.<\/p>
For example, you could use multivariate analysis to get answers based on three criteria, such as what time of day<\/i> (1) do your male customers<\/i> (2) buy from you every Tuesday<\/i> (3).<\/p>
I think what causes so many people to shy away from such analyses is because they feel they have to spend days, weeks or even months pouring through reams of results or pages of spreadsheets.<\/p>
Those days have been gone for a very long time, as there is a plethora of software that will do the job for you and present the results to you in a human-readable format.<\/p> ","protected":false},"excerpt":{"rendered":"
Part of running a business is knowing what your customers buy from you and why they do so, after all, no business can grow without any proper feedback from its customers! But the thing is some companies go to the expense and trouble of determining their customers\u2019 buying habits without properly scrutinising the data that […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[95],"tags":[616],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/posts\/11913"}],"collection":[{"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/comments?post=11913"}],"version-history":[{"count":4,"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/posts\/11913\/revisions"}],"predecessor-version":[{"id":12097,"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/posts\/11913\/revisions\/12097"}],"wp:attachment":[{"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/media?parent=11913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/categories?post=11913"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tricks-collections.com\/wp-json\/wp\/v2\/tags?post=11913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}