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Glossary of Market Research Terms – F |
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Field Experiments: |
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The research studies conducted on actual locations
pertaining to the study are known as field experiments. They
are in the real setting or environment and not in the
laboratory.
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Focus Group: |
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It is a prevalently used market research technique for
collection of qualitative data. The process of focus group
involves discussions on predetermined topics between small
groups of people usually six to ten, conducted with the help
of a moderator. Thus it is a tool which enables collection
of opinions from a small sample of population that has some
special knowledge of the topic under consideration. Focus
groups can be conducted both in traditional settings as well
as online, using software designed for this purpose.
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Focus Group Facility: |
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Refers to a location where the studies are conducted
through focus groups. These are generally conference rooms
with adjoining observation rooms with two-way mirrors from
where the respondents can be observed. Most facilities also
offer focus group recruiting, videotaping of the sessions,
Internet communication through web-conferencing and catering
for participants. Competitive product samples are also
supplied to the respondents.
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Face Validity: |
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Face Validity is the technique of determining that the
measurement under question truly represents what it is
intended to measure.
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False Accuracy: |
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False accuracy is the situation when a statistic fails to
be accurate because there are some details either missing or
wrongly reported.
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Field Service: |
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The process of collecting data by various survey
methodologies for which the data collectors have to scout
the sample areas and reach out to the respondents.
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Final Report: |
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Final report is the complete description of the research
objectives, proceedings, findings or outcomes and
conclusions for the client after the research has been
conducted. A typical report would include a summary of the
methodologies used, key findings, and interpretations drawn
from the collected data that would aid the company in preset
and future pursuits. Recommendations for future actions and
implementations may also be included in this report.
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Findings: |
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Findings refer to the objective mention of the facts that
have emerged out of a research project. This section just
contains just the statement of the outcomes of the research
without any detailed explanations of them.
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Finite Population Correction Factor (FPC): |
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Sometimes the samples are exactly not of the recommended size
that is truly representative of the population, a noted
correction in the sample size for the sake of adjustment
that is done under such circumstances is called Finite
Population Correction Factor (FPC).
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Fixed Personality Association: |
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Fixed Personality Association is a visual qualitative
technique used by a moderator where images of people,
places, or things are shown to participants and they are
then asked to interpret the pictures around a given topic.
The same images are shown in several sessions to different
respondents so that results can be applied as standards.
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Focus Group Moderator: |
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Focus Group Moderator is a person who is a market research
professional, trained as an interviewer. This person is
usually appointed by the client but many times is supplied
by the research company. The main job of a moderator is to
lead the focus group without introduction of bias.
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Forecast: |
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Forecast is an estimate on future occurrences based on data
collected on past performance, and analysis of it.
Projections are often made about trends like births, deaths,
migration, income levels, changes in the working population,
demographic characteristics, population growth rates,
ethnographic changes, affect of advertising on company
products and services and many others.
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Fresh Participants: |
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Fresh participants are the recruited participants who have
either never participated in a focus group before or are
participating after some considerable time lapse.
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Full Group: |
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A full group refers to the focus groups conducted with 8-10
respondents. In contrast, a mini group consists of a focus
group with less than 8 respondents.
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