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Acronyms that contain the term proximity analysis
What does proximity analysis mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: proximity analysis.
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What does proximity analysis mean?
- Proximity analysis
- Proximity Analysis is an analytical technique used to determine the relationship between a selected point and its neighbors. Proximity analysis is a crucial tool for business marketing and site selection. Marketers analyze demographics and infrastructure to determine trade areas. Trade areas are continuous geographic areas around a site that generate the majority of revenue. Proximity Analysis is a study using location intelligence, mapping software, to calculate the distances between customer/prospect locations, to your location(s) (retail store, bank, restaurant, dealer, or sales reps) as the first step in building an understanding of trade/sales/service area(s). An analysis typically includes a report and map showing the relationship of the data and often includes competitor locations in the analysis.
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"proximity analysis." Abbreviations.com. STANDS4 LLC, 2024. Web. 10 May 2024. <https://www.abbreviations.com/proximity%20analysis>.
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