Predictive Modelling in Strategic Marketing

Predictive Modelling in Strategic Marketing
ISBN-10
8120336348
ISBN-13
9788120336346
Category
Consumer behavior
Pages
164
Language
English
Published
2008
Publisher
PHI Learning Pvt. Ltd.
Author
Purba Halady Rao

Description

In today's competitive environment, the consumer occupies a predominant position in the eyes of a marketer or business organization. The preferences and predilections of the consumers, and their behaviour and choices are needed to be carefully analyzed as, ultimately, their purchase preferences will increase the market share of the company, maximize its profit and enhance sustainability - the most important goal of the company. This book, through predictive modelling theories, focuses on identifying and profiling of target market segments, developing positioning strategy and brand personality, finding the consumer preferences, offering marketing strategies and delivering value to the customer. The predictive modelling theories discussed in the book help streamline the decision-making process, in order to efficiently target the preferred consumer segment. The book further delineates the decision-making process which is determined by the three approaches: Heuristic approach - RFM analysis; Statistical approach - logistics regression and conjoint analysis; and Data mining approach - Chi-square automatic interactive decision. Software applications such as Excel, SPSS and Answer Tree are used to explain the theories clearly.

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