MeridianConsensus
Glossary33 terms · plain-English

The vocabulary of market research.

Definitions of the terms used inside Meridian Consensus reports, written in plain English, ordered alphabetically, linked back to the methodology that uses them. If a term isn't here, the corrections desk wants to know.

A

2 terms

Accuracy band

The published uncertainty around a forecast point. Meridian reports a low/median/high triple rather than a single number when the underlying evidence supports a range. Bands narrow as evidence paths converge.

Anchored figure

A figure carried directly from a regulatory filing or sovereign statistical authority. Anchored figures are the strongest evidence class and are not adjusted away in triangulation.

B

1 term

Boundary memo

The opening section of every Meridian report that names what is in scope, what is out, and what is deliberately deferred. The boundary is the most honest part of any market estimate.

C

6 terms

CAGR

also: Compound Annual Growth Rate

The constant year-on-year growth rate that reconciles a starting value to an ending value. CAGR smooths volatility and is reported alongside the year-by-year forecast, never instead of it.

Committee review

Adversarial sign-off by reviewers independent of the authoring analyst. No figure publishes without a committee minute and a red-team memo.

Concentration ratio

also: CR5 / CR10

The combined share of the top five (CR5) or top ten (CR10) operators in a sector. A high CR5 implies pricing power; a low CR5 implies fragmented competition.

See top five tables

Confidence label

A per-figure tag, anchored, derived, estimated, that indicates how directly a number rests on a primary source. Every numerical claim in a Meridian report carries a confidence label.

Consensus figure

Meridian's path-weighted estimate after triangulation across at least three independent evidence paths. Where evidence paths disagree, the divergence is disclosed alongside the consensus number, never averaged silently.

Corrections protocol

The public process for fixing material errors in published figures. Corrections are made in place with a dated note; the prior figure is preserved in the revision log.

See policy

D

3 terms

Decomposition

Breaking a market into the dimensions that drive purchasing, product, channel, indication, geography. Each dimension carries its own share, growth, and confidence label.

Derived figure

A figure produced by calculation from anchored inputs (e.g. an industry total computed from per-firm filings). Derived figures inherit the confidence of their weakest anchor.

Divergence register

The table that records where Meridian's figure disagrees with a published syndicated benchmark. Divergence is disclosed inline, never reconciled to the median.

E

3 terms

Estimate

A figure with no anchored or derived path, typically applied to nascent or thinly-disclosed markets. Estimates carry the widest confidence band and are flagged on the page.

Evidence class

One of five canonical source families ranked by weight: regulatory filings, official statistics, industry benchmarks, syndicated benchmarks, and analyst-conducted primary research.

Evidence path

An independent reasoning chain from evidence to a published figure. A Meridian headline number is reconstructed from at least three evidence paths.

F

1 term

Forecast horizon

The number of years a forecast extends. Meridian publishes through 2036 by default; commissioned reports extend further on request.

H

1 term

Headline TAM

also: Total Addressable Market

The largest market opportunity if all addressable demand were captured today. TAM is the bound of the market, not a target.

M

1 term

Material correction

A change to a published figure, ranking, or directional thesis. Material corrections are recorded permanently in the public errata log.

P

3 terms

Path-weighted estimate

A consensus figure computed by weighting each evidence path by its source class and methodological strength. Stronger paths carry more weight; the weighting is disclosed.

Preview page

The free, indexed digest of a Meridian report at /markets/{slug}, top-line size, top five companies, region split, sources index. Subscribers see the full report behind sign-in.

Primary research

Analyst-conducted conversations with operators, buyers, and regulators. The only evidence class that captures qualitative context behind the numbers.

R

2 terms

Red-team memo

A written critique of the report by a reviewer outside the authoring team. The red-team memo ships alongside the report, not edited out.

Refresh cadence

How often a published report is reviewed and re-issued. Preview pages refresh every 90 days by default; material events trigger earlier refreshes.

S

7 terms

SAM

also: Serviceable Addressable Market

The portion of TAM that an operator can plausibly serve given regulatory, geographic, and product-fit constraints. Always smaller than TAM.

Scenario

A named forecast variant with its own assumption set, base, accelerated, constrained. Scenarios are not probability-weighted; they describe coherent futures the analyst considers plausible.

S-curve

The classic technology-adoption shape, slow uptake, rapid acceleration, asymptotic saturation. Meridian fits S-curves to penetration-driven markets where saturation is in scope.

Segment

A subset of a market defined by a single dimension (e.g. by indication, by channel). A market may be decomposed into multiple segment dimensions in parallel.

SOM

also: Serviceable Obtainable Market

The realistic share of SAM an operator can capture in a defined planning window. The most useful number for go-to-market sizing.

Source hierarchy

The ranked weighting of evidence classes when paths disagree: regulatory filings > official statistics > industry benchmarks > syndicated benchmarks > primary research. Disclosed on the methodology page.

See methodology

Subprocessor

A third-party service that processes customer data on Meridian's behalf, Clerk, PayPal, Vercel, Neon. The current list is published in the privacy policy.

T

1 term

Triangulation

Reconstructing a figure from at least three independent evidence paths and reconciling the result. Triangulation is the core safeguard against single-source error.

V

1 term

Vintage

A specific dated version of a report. Every refresh produces a new vintage; prior vintages remain accessible through the revision ledger.

W

1 term

Watermark

The licensee identifier embedded in every exported PDF, PowerPoint, and Excel file. Watermarks tie a leaked file to the original purchaser.

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