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-space model based on the Kalman filter, which captures the influence of marketing actions such as brand-level advertising on the … effect of increasing the advertising expenditures for the largest and the smallest brands in this category and find that … these brands can increase their profitability by increasing their advertising expenditures. We also analyze the impact of …
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consumers pay to the other content in the rest of the advertising message. Our paper quantifies the benefits from … personalization, and contributes to understanding the role of non-informative advertising content. It contributes to the psychology … that are designing their advertising campaigns …
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The multinomial probit model of brand choice is theoretically appealing for marketing applications as it is free from the “independence of irrelevant alternatives” property of the multinomial logit model. However, difficulties in estimation have restricted its widespread use in marketing....
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purchase, brand choice and purchase quantity decisions of households for frequently purchased packaged goods. The model allows … households, the modeling framework explicitly captures the effects of unobserved heterogeneity on all three purchase decisions … vary across households, and not accounting for these variations in the estimation could lead to biased estimates for the …
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