What Statisticians Really Do
We came across these images in a series of humorous montages that professionals had created about what they do. This one was created by Jason Sullivan.
We came across these images in a series of humorous montages that professionals had created about what they do. This one was created by Jason Sullivan.
We came across this chart from Invisible Children, the group that produced the Kony 2012 video. It shows the organization’s expenditures by category. It is a poorly designed chart for three reasons: 1. The pieces of the doughnut are not correctly proportional. For some reason, the arc widths were compressed for some categories (like Media…
Coincidentally in the same week that Versta Research published its winter newsletter on Turning Data into Stories: A How-To Guide, last week’s AMA event in Chicago was a market research panel focused on telling stories with data. The presentations were solid, with lots of helpful ideas. But there was also a misguided idea working its…
If you want to write a great research report, do not write about the data, and do not write about the research itself. Write about what the data prove, because that is what your clients and managers really care about. Versta Research has just published its How-To Guide on Turning Data into Stories. It outlines…
Given how common mapping capabilities have become via the Internet and smartphones, it is surprising that we don’t see more geographic mapping in market research. Researchers nearly always look at customer demographics, and a key component of a person’s demographic profile is where he or she lives. This data is far more compelling if you…
One powerful way to gain visibility and credibility in your marketplace is by sponsoring survey research that documents problems and solutions in areas where you have expertise. To be successful, it requires (1) rigorous research carefully designed to uncover the right topics, and (2) savvy PR work that uses data to tell a credible and…
Many of us have uneasy feelings when reading statistics that presumably apply to ourselves and our own lives. Often the statistics do not seem to “fit” and seem to misrepresent the lives of real people from which the statistics are derived. It is with good reason that we chuckle when someone tells us that the…
MaxDiff is a survey method used to measure the importance of product features. Subsets of features are presented, and respondents are asked to select which feature is most important and which feature is least important. Its advantage over other techniques is that by forcing a choice from among multiple features, it more strongly differentiates the…
Turning data into stories involves not just words, but pictures as well. In the world of quantitative market research, that usually means charts, graphs, and tables. Moreover, just like poorly written sentences that often complicate rather than clarify data, charts and graphs in market research too often suffer from “chartjunk,” as Edward Tufte calls it. …
The hardest part of quantitative market research is not that it involves numbers, math, or even statistics, but that it involves complex problems in probability. Over the past several years, psychologists have been documenting how difficult it is for us humans to solve even “simple” probability problems. One fascinating example is a puzzle known as…