Technical Briefs - Methodology

BizMiner uses an industry classification system based on the 6-digit NAICS (North American Industry Classification System) standard. However, our system is much more granular, detailing about thousands of additional lines of business in various report series.

Statistics in our reports are always based on firms that identify a particular classification as their primary line of business. This is important for researchers assessing market volume, which in our reports is based on businesses primarily in a given classification, and does not include sales data for firms which may operate this type of business as a secondary or tertiary line.

BizMiner's financial analysis series utilize industry-specific base data in conjunction with tested projections and algorithms to create a typical analysis for those industry segments for which complete detailed data may not be available. In particular, detailed business segment Industry Financial series asset line items are blended with the closest available industry segment. In our financial analysis series, projections which condition industry specific metrics are applied to expense and liability line item calculations for some highly granular industry segments.