High Level Data and Tools Flashcards

1
Q

Cluster Analysis Data

A

Needs Variable (Preference)

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2
Q

Cluster Application

A

Segmentation of Customer

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3
Q

Discriminant Analysis Data

A

Descriptor Variables (Observable)

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4
Q

Discriminant Analysis Application

A

Describing customer Segment

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5
Q

Classification Analysis Data

A

(new) Descriptor Variables + Previous Cluster/Discriminant ansalysis

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6
Q

Classification Analysis Application

A

Identifying New Customer Segments w/out New Basis Variables

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7
Q

Logit/Choice Model Data

A

Past Choice Data (Choice + Environmental, Individual Descriptor Variables)

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8
Q

Logit/Choice Model Application

A

Behavioral Targeting, Banner Ad Targteing, Conjoing (CBC), Digital/Online Behavior

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9
Q

Perceptual Mapping Data

A

Survey Data on Perceptions of Brand

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10
Q

Perceptual Mapping Application

A

Positioning

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11
Q

Preference Mapping Data

A

Survey on Brand Preferences

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12
Q

Preference Mapping Application

A

Positioning and Crude Market Share Analysis

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13
Q

Conjoint Analysis Data

A

Survey Data on Choices

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14
Q

Conjoint Analysis Application

A

Product Design, Pricing, Product Entry Selection, Market Simulation

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15
Q

Demand Estimation Data

A

Aggregate Sales/Pricing Data + other Environmental Variables

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16
Q

Demand Estimation Application

A

Estimating Price Sensitivity, Optimal Pricing of Existing Products

17
Q

Gabor-Granger Model Data

A

Survey Data on Purchase Intentions

18
Q

Gabor Granger Model Applications

A

Optimal Pricing of New products