A recent survey points to the transformation underway in the automotive retail landscape. A study found that automobile executives believe the number of physical automotive retail​ outlets, as we know them​ today, will be reduced by​ 30% to​ 50%. Eighty-two percent of automobile executives strongly agree that the only viable option for physical retail outlets will be the transformation into service​ factories, used car​ hubs, or focusing on an​ ID-management approach, where the customer is recognized at every single touchpoint. What additional information would you want to know about the survey before you accepted the results of the​ study?

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.