Arthur Nielsen

Arthur Charles Nielsen, Sr. (September 5, 1897–June 1, 1981) was a U.S. market analyst. He was the founder and eponym of the ACNielsen company in 1923, and in doing so advanced the new field of marketing research. This involved (1) test marketing new products to determine their viability prior to costly mass marketing and production, and (2) measuring product sales at a random sample of stores to determine market share. Careful statistical sampling is crucial to validate this process. The techniques developed by AC Nielsen were especially important for the efficient operation of a market prior to the introduction of computerized digital networks that in the 1990s enabled continuous and comprehensive monitoring of sales by product retailers. AC Nielsen was a also pioneer in developing methods of measuring the audience of radio and television broadcasting programs, most notably the Nielsen Ratings.

Related Topics:
September 5 - 1897 - June 1 - 1981 - U.S. - Market analyst - Eponym - ACNielsen - 1923 - Marketing research - Test market - Mass marketing - Random sample - Market share - Statistical sampling - Market - Digital network - 1990s - Television broadcasting - Nielsen Ratings

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AC Nielsen was an alumnus of the University of Wisconsin. He was captain of their varsity tennis team from 1916 to 1918 and a long time supporter of the game. Together with his son Arthur Junior, he won the U.S. Father and Son doubles title in 1946 and 1948. He was elected to the International Tennis Hall of Fame in 1971. The university awarded him an honorary Doctor of Science (ScD) in 1974.

Related Topics:
University of Wisconsin - Varsity - Tennis - International Tennis Hall of Fame - 1971 - 1974

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