How many of you took some sort of statistics classes in school? Well, for those of you who doesn’t know what relative standing is, we got the general definition for you. Basically, relative standing is a measure of were a particular data value stands in relationship to an entire data set. An example would be like comparing your test score and finding out you have a generally high score in comparison to the rest of the class.
Benjamin Vigneron stated in a Marketing Land blog that after looking at some old statistic school books, he realized how useful some statistical concepts could be if you can apply them to online marketing analytics. Using this idea, Benjamin has decided to share a couple of ways you can dig deep into your data by using relative standing. This can make thing easier, especially when you compare it to straight absolute values.
To check out Benjamin’s post, you can visit it by following the link below.
Marketing Land: How To Use Realive Standing For Online Analytic