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In the field of media research, the beta binomial has performed very well for estimating the distribution of the frequency of exposures to a media vehicle. However, long-term projections have shown consistent biases. The beta binomial geometric model, an extension of the well-known beta binomial...
Persistent link: https://www.econbiz.de/10009213959
This paper considers a multi-firms advertising model under uncertainty of the Nerlove-Arrow type. It is shown (under a Markovian assumption of the advertising process) that the probability of sales for a firm in a multi-firms setting is given by a Poisson distribution with a parameter given by...
Persistent link: https://www.econbiz.de/10009191175
A critical issue in many marketing research studies is the creation of experimental clusters for the purpose of testing … new products, advertising campaigns and other marketing decisions prior to widespread introduction in the marketplace …
Persistent link: https://www.econbiz.de/10009214154
marketing mix decisions for industrial products. The study involved 22 companies and 131 products. Although cross-sectional in … nature, justification is presented for using the descriptive results as guidelines for marketing mix decisions. Models are … presented for advertising expenditures, marketing expenditures, marketing budget allocations, year-to-year changes in …
Persistent link: https://www.econbiz.de/10009214197
A stochastic consumer behavior model is constructed transforming Nicosia's (Nicosia, F. M., 1966. Consumer Decision Processes. Prentice-Hall, Englewood Cliffs, New Jersey.) postulates into probability hypotheses. Nicosia's deterministic model is obtained in the mean evolutions and...
Persistent link: https://www.econbiz.de/10009214423
A model which separates the various effects of an advertising experiment on a family's consumption behavior is estimated using consumer panel data. It is determined that there were significant transitory or short-run effects of the advertising, while permanent influences and price-advertising...
Persistent link: https://www.econbiz.de/10009214632
This article presents a model for the allocation of an advertising budget to geographic market segments, or territories, when the sales response to advertising in each segment is characterized by a probability distribution. It is shown that allocation decisions that are based on the expected...
Persistent link: https://www.econbiz.de/10009214812
field of marketing. It is especially important during the period of the introduction of a new product; and it is also during …
Persistent link: https://www.econbiz.de/10009214910
A new stochastic brand choice model, the Bargain Value Model, is introduced. Using consumer panel data, the model predicts an individual household's probability of purchasing various brands as a function of the prevailing price of those brands. Based on consumer behavior constructs, the model...
Persistent link: https://www.econbiz.de/10009208569
Clarke (Clarke, Darral G. 1976. Econometric measurement of the duration of advertising effects on sales. J. Marketing Res. 13 …
Persistent link: https://www.econbiz.de/10009208614