Demographic Data

Definition of Demographic Data

Statistical data about the characteristics of a population, such as age, gender, and income.

Explanation of Demographic Data

Demographic data refers to statistical information about the characteristics of a population, such as age, gender, income, education, and occupation. This data is used to understand and analyze the composition and trends within a specific group or market. Businesses use demographic data to segment their target audience, tailor marketing strategies, and develop products that meet the needs of different customer segments. Collecting and analyzing demographic data helps in identifying opportunities, predicting consumer behavior, and making informed business decisions. Ensuring the accuracy and relevance of demographic data is crucial for effective analysis and strategy development.

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