Why Partner With Us > Marketing Sciences / Advanced Analytics
Marketing Sciences / Advanced Analytics
Our advanced techniques help you understand and predict consumer behavior in
complex business environments. We maintain strong ties with academic researchers
to ensure that our methods remain "state of the science" and are
purposefully designed to provide actionable information.
Each project is approached individually. If your marketing problems do not
fit neatly into one of our branded statistical or analytic techniques, we draw
from our exclusive library of statistical tools to address your specific
problem.
No Black Boxes
As advocates and users of research, we find it frustrating
when providers cannot or will not reveal how they collected or analyzed data. We
will explain and demonstrate what we plan to do, how we plan to do it, and why.
We use no "black boxes" or proprietary tools whose validity you cannot
assess for yourself.
Analytical Tools
Virtual Buyer Discrete Choice Modeling
Our discrete choice models determine the value or "utility" that
consumers ascribe to product or service benefits. These models can help to
determine price sensitivity for a product or service, compare pricing strategies
(for example, "all you can eat" versus "à la carte"), and
identify optimal feature or benefit configurations. We offer two versions:
- Choice-based conjoint analysis:
product or service offers are
constructed according to an experimental design and presented to respondents
in sets of alternatives
Revealed preference analysis: the model is based on actual observed
choices in the marketplace
Key deliverable: Virtual Market Simulator, an easy-to-use
interactive decision tool that allows you to perform "what if"
scenario analysis.
Feature Optimization Using Design Your Own tools
Products or services that have many options and allow consumers some degree
of customization (for example, automobiles, personal computers, and insurance
policies) present problems for "conventional" choice-based conjoint
analysis. For these situations, Harris Interactive offers a
design-your-own-product interface that allows consumers to choose among many
options to choose the preferred features of a product or service.
Litmus® Simulated Test Market System
Discrete choice models provide an estimate of potential demand for new
products or services. Our Litmus Simulated Test Market System takes the next
step by providing sales volume estimates for the first one or two years
following a new product or service launch. Works with estimates of consumer
demand from discrete choice models as well as from simpler concept tests, and
includes a module for marketing plan optimization.
Market Segmentation Analysis
Market segmentation analysis is a key tool for understanding what drives
consumers’ purchase behavior and how their values and beliefs affect their
behaviors. By identifying distinctive groups of consumers—their
characteristics, needs, purchase patterns, attitudes and/or values—segmentation
research can help firms develop offerings targeted to the most profitable
consumers.
Perceptual Mapping
Perceptual maps graphically display the relationship between brands,
perceptions on key attributes, and key consumer segments.
Bayesian Statistical Methods
Bayesian statistical methods are particularly valuable in choice studies,
increasing the power and robustness of such tools as our Virtual Buyer Discrete
Choice models, and in situations where data may be "sparse," for
instance, when missing data need to be imputed for respondents. Other
applications include utility estimation for Design Your Own tools and missing data
imputation.
Statistical Tools
In addition to our branded methodologies, we use a variety of standard
statistical tools such as multiple regression, logistic regression, latent class
analysis, canonical correlation analysis, factor analysis, discriminant
analysis, multidimensional scaling, correspondence analysis, cluster analysis,
and structural equation modeling to meet client needs.
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