Basic decision making.
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Basic decision making.
Basic decision making.
industry analysis
Cluster analysis' is a class of statistical techniques that can be applied to data that exhibit "natural" groupings. Cluster analysis sorts through the raw data and groups them into clusters. A cluster is a group of relatively homogeneous cases or observations. Objects in a cluster are similar to each other. They are also dissimilar to objects outside the cluster, particularly objects in other clusters.
PEST analysis is an analysis of external factors influencing a business or organization. P stands for political factors, E for economic, S for Social and T for technological. Sometimes you can be asked to perform PESTEL analysis, which is similar to PEST, it just has 2nd E standing for environmental factors and L for legal considerations. If they ask you to do PEST for WH Smith it means you need to list all factors falling in the four categories listed above relating to this company.