Health Financial Marketing Technical Personal Identifiable
Lexeme: purchase statistic  
Very Rare (0.01)
Definition:
  1. noun. Purchase statistic refers to the numerical representation of various aspects of consumer purchasing behavior and trends. It encompasses data related to the quantity, frequency, value, and patterns of purchases made by individuals or organizations over a specific period. Purchase statistics are used by businesses to analyze and understand customer preferences, identify sales trends, forecast future demand, and make informed marketing and strategic decisions. These statistics can include metrics such as total sales volume, average transaction value, customer retention rate, purchase frequency, product/category popularity, and customer demographic information. GPT3.5
Word Forms:
  • noun. purchase statistic (singular), purchase statistics (plural)
Synonyms:
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Abstraction:
Composition:
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