Z-Score Analysis in Product Management
Z-score analysis is a statistical method used in product management to measure the relative success of a product against its expected performance. It helps in identifying products that are performing significantly better or worse than anticipated, enabling managers to make data-driven decisions.
Netflix might use Z-score analysis to evaluate the performance of its original series. By comparing the actual viewership numbers to the expected performance, Netflix can identify hits and misses, guiding future content creation and marketing strategies.