state the importance of demographic data
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heya mate..gud morning
importance of demographic data
The importance of demography lies in its contribution to helping government and society better prepare to deal for the issues and demands of population growth, aging and migration. ... A wide variety of social outcomes are impacted by demographic processes and distributions.
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@aisha 761
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Demographic data is statistical data collected about the characteristics of the population, e.g. age, gender and income for example. It is usually used to research a product or service and how well it is selling, who likes it and/or in what areas it is most popular. Data can be collected through methods such as sample surveys and questionnaires.
There are few things that we are able to predict when it comes to consumers. But by using demographic data, businesses can understand why customers make choices, is it because of where they live, their age, gender? It may enable them to forecast products in the future and how customers willreact to them.
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