How to estimate market share with precision of a pipeline product. Different methodologies, their flaws and merits.

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Accepted Answer

Estimating market share of a pipeline product involves using various methodologies with their own flaws and merits.

One common method is using sales data from competitors and industry reports to estimate market size and then calculate the product's share.
Another approach is conducting surveys or focus groups to gather customer feedback and preferences, which can help in estimating market share.
Using predictive modeling and data analytics can also provide insights into market share by analyzing historical data and trends.
However, all these methods have limitations such as reliance on assumptions, potential biases in data collection, and lack of real-time accuracy.
It's important to use a combination of these methodologies to get a more accurate estimate of market share for a pipeline product.

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