NAICS Code 541720-03 - Commercial Economic Educational Research

Marketing Level - NAICS 8-Digit

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Total Verified Companies: 2
Contact Emails: 2
Company Websites: 2
Phone Numbers: 2
Business Addresses: 2
Companies with Email: 1
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NAICS CODE 541720-03
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Looking for more companies? See NAICS 541720 - Research and Development in the Social Sciences and Humanities - 20,939 companies, 131,515 emails.

NAICS Code 541720-03 Description (8-Digit)

Commercial Economic Educational Research is a subdivision of the NAICS Code 541720 that involves conducting research and analysis in the fields of economics, business, and education. This industry focuses on providing insights and solutions to businesses, organizations, and government agencies to help them make informed decisions and improve their operations. Commercial Economic Educational Research is a crucial component of the modern economy, as it helps companies stay competitive and adapt to changing market conditions.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541720 page

Tools

Tools commonly used in the Commercial Economic Educational Research industry for day-to-day tasks and operations.

  • Statistical software (e.g. SPSS, SAS, R)
  • Survey software (e.g. Qualtrics, SurveyMonkey)
  • Data visualization tools (e.g. Tableau, Power BI)
  • Economic modeling software (e.g. EViews, Stata)
  • Geographic information systems (GIS) software (e.g. ArcGIS, QGIS)
  • Text analysis software (e.g. NVivo, ATLAS.ti)
  • Financial analysis software (e.g. Bloomberg, FactSet)
  • Forecasting software (e.g. Forecast Pro, Crystal Ball)
  • Social media analytics tools (e.g. Brandwatch, Hootsuite)
  • Machine learning and artificial intelligence tools (e.g. TensorFlow, Keras)

Industry Examples of Commercial Economic Educational Research

Common products and services typical of NAICS Code 541720-03, illustrating the main business activities and contributions to the market.

  • Market research
  • Economic impact studies
  • Education policy analysis
  • Labor market analysis
  • Consumer behavior research
  • Financial analysis and forecasting
  • Social media analytics for businesses
  • Geographic analysis of economic trends
  • Text analysis for sentiment analysis and content analysis
  • Machine learning for predictive modeling and data mining

History

A concise historical narrative of NAICS Code 541720-03 covering global milestones and recent developments within the United States.

  • The "Commercial Economic Educational Research" industry has a long history dating back to the early 20th century. In the 1920s, the industry began to take shape with the establishment of research firms that focused on market research and consumer behavior. During the 1950s and 1960s, the industry experienced significant growth due to the increasing demand for research services from businesses and government agencies. In the 1970s, the industry expanded its focus to include social and economic research, and by the 1980s, the industry had become a major player in the research and consulting market. In recent history, the industry has continued to evolve and adapt to changing market conditions. The rise of digital technology and the internet has led to the development of new research methods and tools, such as online surveys and data analytics. The industry has also become more specialized, with firms focusing on specific areas of research such as healthcare, education, and finance. The industry has also faced challenges such as increased competition and the need to provide more value to clients. Despite these challenges, the industry has remained a vital part of the business and government landscape, providing valuable insights and analysis to help organizations make informed decisions.