Its specific meaning varies in contexts such as marketing and general business.
In marketing, price analysis refers to the analysis of consumer response to theoretical prices assessed in survey research.
[1][2] Price analysis began in 1939 when economist Andrew Court decided to analyze prices to better understand the environmental factors that influence this practice.
[3] Price analysis is dependent on the characteristics of the marketing system in place within a certain country.
[4] In developing countries researchers use it to help better understand data.