(08-31-2015 01:23 PM)DavidSt Wrote: (08-16-2015 03:51 PM)ARSTATEFAN1986 Wrote: (08-16-2015 07:05 AM)MplsBison Wrote: (08-15-2015 08:09 PM)BruceMcF Wrote: [quote='MplsBison' pid='12275137' dateline='1439678934'] I've told you multiple times now what the correct definition of potential is. You believe whatever you want to believe.
You've claimed multiple times that your definition is the correct definition.
But you are the only source for that definition. Your support for your claim is simply repeating the claim. But proof by repetition is not actually proof.
"Market potential" from study.com: Quote:Market potential is the entire size of the market for a product at a specific time. It represents the upper limits of the market for a product. Market potential is usually measured either by sales value or sales volume. [/quot
Businessdictionary.com: Quote: The estimated maximum total sales revenue of all suppliers of a product in a market during a certain period.
(Or we could ask an academic economist, but that would be cheating.)
(08-15-2015 06:59 PM)arkstfan Wrote: The definition of potential is:
adjective: having or showing the capacity to become or develop into something in the future.
OR
noun: latent qualities or abilities that may be developed and lead to future success or usefulness.
No mention of television in the definition so any definition requiring the analysis of TV markets is a non-standard self-created definition.
If we are talking about media market potential, number of TV sets that might get turned on to watch a game is a useful proxy for a relative comparison. Obviously the number of TV sets that exist within a certain radius of a school is not a proxy for potential media value.
(08-15-2015 06:59 PM)arkstfan Wrote: When one program has played football for 100 years and another barely over a decade and have nearly identical attendance... logical people conclude the newer program has greater potential.
"Past performance is no guarantee of future results", especially when talking about growth rates, but, yeah, Coastal has demonstrated more ability to grow its attendance over the past ten years, it is in a growth market, and it has a higher ceiling on its market potential than EKU, due to EKU's proximity to Kentucky.
If JMU wanted to join the Sunbelt, they'd be a better invite than either, but they don't seem to want to move unless its to the American, CUSA or the MAC.
You just confirmed that everything I've been saying is correct.
The upper limit for TV viewership in a given market is the number of TV households in the market. You can't say it any other way. End of story.
Thus, EKU's market potential is higher than CC's, because their market has more TV households than CC's. That's just the by the books definition.
Trying the blast the most logical and credible poster who runs circles around you just makes you look like a fool. NDSU is in no man's land...you can make fast friends with David St.
NDSU is not in No mans land. The state of North Dakota in 2014 is the fastes growing state at 9.95% and rising. Fargo, North Dakota is the 28th fastest growing city in 2014. With the Keystone pipeline and all that, that state is getting people moving there for the oil industry and all that. East Carolina in Greenville is number 4 fastest growing city.
So Fargo is out pacing cities that are in P5 conferences. You could include Moorhead and Grand Forks in the same area. That whole area along the border of North Dakota and Minnesota is growing.
Growth is relative. Here's an example. Looking at Wikipedia, North Dakota had an estimated increase of 66,891 during the period from the 2010 census to the 7/1/2014 estimate. The city I live in, Houston, had an increase of 139,295 during the same period with a 6.63% growth rate. That's Houston, the city, not the Houston-The Woodlands-Sugar Land MSA.
North Dakota grew from a 2010 population of 672,591 to 739,591. Houston's growth is from a population of 2,100,263 to 2,239,558.
The Houston-The Woodlands-Sugarland MSA experienced a 9.63% estimated growth from 5,920,416 to 6,490,180 during the same period.
Percentage alone does not tell the whole story. Even so, I think the point about North Dakota's growth is valid. It just needs to be taken in the proper perspective. The place is booming. If oil and gas prices recover, it will continue.
By the way, the Keystone Pipeline terminates in the Beaumont-Port Arthur area...just east of Houston. Several of the refineries and chemical plants in that area had very large expansions in recent years to handle additional product from Canada, North Dakota, and other areas including Saudi Arabia.
Motiva Refinery $10 billion expansion