Monish Gosar’s Post

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Data Scientist | AI / ML | Formula One Enthusiast 🏎️

Weekly Learning from Internship Week 1 at Sky Quest Technologies 🚀📊 ------------------------------------------------------------------------------------ This week's focus was on a game-changer in market research: the MECE principle! 🧠✨ MECE stands for Mutually Exclusive, Collectively Exhaustive. It's a powerful framework that helps us slice through data cleanly—think of it like the perfect chef's knife for carving out insights! 🔪📈 - Mutually Exclusive means no double-dipping; every piece of data fits into one, and only one, category. 🚫📦 - Collectively Exhaustive ensures we've covered the entire buffet of information. No crumb is left behind! 🌐🍽️ How does it help in market research? 📈 In market research, MECE ensures that all potential market segments are considered without overlap, allowing for a comprehensive understanding of consumer behavior, preferences, and opportunities for growth. It's the backbone of a thorough and insightful analysis. 🎯 The image showcases the MECE principle vividly. The top-left section shows "Mutually Exclusive" categories - notice how none of the shapes overlap. The top-right displays "Collectively Exhaustive" categories, where all the shapes together cover the entire area with no spaces left. This is the combination of both principles, showing a Venn diagram where all shapes are distinct and non-overlapping (ME), yet when taken together, they cover the entire area (CE). #InternshipLearnings #MECE #MarketResearch #Strategy #ManagementConsulting #BusinessAnalysis #DataDrivenDecision

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Kallind Soni

Data Scientist | Pursuing B.Tech in Data Science

8mo

Great work!

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