Market Research Glossary
Market Research Glossary
There are currently 22 names in this directory beginning with the letter V.
Validation
is the subsequent re-contacting of respondents in a survey to check that the proper procedures have been followed, eg the respondent was qualified to be included in the survey, the responses recorded were accurate or even that the interview actually took place. Validation can be performed by the data collection company and/or the client, in person, by telephone or by mail.
Validity
is the extent to which a research process is accurate and reflects actual market conditions (ie it is free from systematic error).
Variability
Is the extent to which data points in a statistical distribution or data set diverge—vary—from the average value, as well as the extent to which these data points differ from each other.
Variable Respecification
is the transformation of data to create new variables (or modify existing variables) so that they are more consistent with the objectives of the study.
Variance
is a measure of variability (or dispersion) of a distribution and it is equal to the mean of the squared deviations of all values from the mean.
Venn Diagram
is a graphical method of representing operations on sets that is often used to illustrate probabilities.
Verbal Protocols
is a technique used to understand respondents thought processes while they are performing a task or making a decision by asking them to think aloud.
Verbal Rating Scales
are those that require respondents to indicate their position by selecting among orally identified categories.
Verbatim
is a reproduction of all of a respondent’s opinion of an object or concept word-for-word, without any omissions, abbreviations or interpretations by the interviewer.
Verbatim Statement
A reproduction of all of a respondent’s opinions of an object or concept word-for-word, without any omissions, abbreviations, or interpretations by the interviewer.
Video Focus Groups
The ability to conduct real time focus groups with participants situated at different physical locations using video technology.
Viewing Facility
is a venue for conducting group discussions or individual interviews that has a two-way mirror. The purpose of the mirror is to allow clients and other invited parties (advertising or design agencies) to observe without influencing the discussion taking place.
Viewing Room
is a dedicated room in which researchers can sit and observe focus groups and depth interviews through a one way mirror.
Viral Marketing
Viral marketing refers to a technique in marketing a product or a service where users help in spreading the advertiser's message to other websites or the users create a scenario which can lead to multi-fold growth.
Virtual Group
is a general term to cover any form of group discussion that is convened using electronic means and participants do not see each other. Examples of virtual groups are: online group discussions, moderated e-mail groups (MEGs) and chat rooms.
Virtual Reality
Computer generated artificial environment. Virtual market research is the latest advanced survey technology providing the respondent with sensory stimuli about the product or service being researched.