What is a Mean deviation?
- Content Type:
- Glossary
Mean deviation Definition
The average deviation of scores in a distribution from the mean. It is determined by averaging the absolute values of the deviations.
Mean deviation, also known as the average deviation, is a measure of dispersion that indicates the average distance of each data point from the mean of the dataset. In market research, it is used to understand the variability in responses or behavior, providing insights into how much individual data points deviate from the average.
Who relies on mean deviation in market research?
Market researchers, data analysts and statisticians rely on mean deviation to interpret the spread of consumer responses, satisfaction scores or other metrics. It is particularly useful for understanding consistency in customer feedback or behavior, helping marketers assess how uniformly consumers react to a product or service.
What are key aspects of mean deviation in market research?
Key aspects include:
- Dispersion measurement: Indicates how much variation exists around the mean.
- Simplicity: Straightforward to calculate and understand.
- Range of insights: Helps identify if responses are concentrated around the mean or widely dispersed.
- Comparison tool: Can be used to compare variability between different groups or time periods.
- Complement to mean: Provides context to the mean by showing the spread of data points.
Why is mean deviation important in market research?
Mean deviation is important because it provides insights into the consistency of customer behavior or opinions. A low mean deviation suggests that responses are closely clustered around the mean, indicating similar reactions among consumers. A high mean deviation may indicate diverse or polarized views, helping businesses understand the degree of variability in their market.
How do market researchers use mean deviation?
Market researchers use mean deviation to assess the consistency of survey responses, purchase behaviors or other metrics. For example, they may analyze the mean deviation of customer satisfaction scores to determine if feedback is generally uniform or varies widely. This information helps researchers refine their understanding of consumer preferences and adjust marketing strategies to address diverse needs.