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With respect to time spent viewing a page -- not very well.
You said it, HTTP is a stateless protocol. I have no clue if a customer of mine sat and read a web page for six hours, or loaded it and left the room for a smoke.
With respect to marketing analysis, I (personally, not saying it may not be important for you or others) have no use for that data. I care more about what pages are viewed, where the user was previously at, and where the user went to. I just want to know correlations; primarily so I can find out what I need to do better to make a sale.
Google Analytics is very good in this respect -- maybe they've got a page up there (hopefully that doesn't involve pigeons) explaining how their system works.
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