oboloo Glossary

E-Commerce Statistics

oboloo Glossary

E-Commerce Statistics

E-commerce Statistics is the science of gathering, analyzing and reporting on data related to online buying and selling activity. It includes an assessment of website activity such as visits, purchases, pricing and product reviews; as well as customer trends such as satisfaction measures, loyalty ratings and checkout times. By using e-commerce statistics, businesses can better understand their customers, identify opportunities for improvement in their products and services and optimize their business strategies.