100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Full summary Consumer Marketing Research (BM02MM) $3.80   Add to cart

Summary

Full summary Consumer Marketing Research (BM02MM)

 37 views  2 purchases
  • Course
  • Institution

A summary of all the material for Consumer Marketing Research (only lectures). It includes concept definitions, steps of the marketing research process, how to interpret R output, and screenshots of important lecture slides etcetera.

Preview 4 out of 33  pages

  • October 18, 2021
  • 33
  • 2021/2022
  • Summary
avatar-seller
Ilah Waals & Larissa van ‘t Westende


Lecture 1: Introduction
Marketing research (process): the systematic and objective identification, collection, analysis,
and dissemination of information for improving decision-making related to the identification and
solution of problems and opportunities in marketing.




Problem definition:
- Decision problem (focus on action): How should we position our product on supermarket
shelves to attract maximum consumer attention?
- Research problem (focus on understanding): How does shelf positioning affect consumer
attention.
Research approach:
- Exploratory research goal: may be rule-based or data-driven.
- Explanatory research goal: a conceptual goal should be guided by theory. In simple
terms, a research model determines the relationships between different variables.




1. Main effect: Does the IV influence the DV?
Hypothesis must clearly include (a) all variables and (b) direction of the relationship.
2. Moderation effect: The direction or strength of the effect of IV on DV is affected by a
moderating variable (or moderator)?
3. Mediation effect: Whereas moderator variables specify when certain effects will hold,
mediators speak to how or why such effects occur.
Research design: Determines the information that’s needed to answer the specific research
questions, or to test the developed conceptual model and hypotheses.
- Takes into account:
- Nature of the issue: common behavior (spontaneous response); personal or
sensitive issue, repressed tendency

, - Nature of the respondents: age, background, previous participation
- Context: cultural norms, ease of data collection




Data collection:
- Secondary Data: (collected for some other purpose than problem at hand):
- External: governmental, non-governmental data
- Internal: customer data
- Primary Data: (collected primarily for purposes of problem at hand):
- Quantitative methods: surveys, panels, descriptive data
- Qualitative methods: in-depth interviews, focus groups, ethnography, observation
- Causal research methods: lab and field experiments
Data analysis:
- Quantitative methods: basic analyses, analysis of variance and covariance, survey
techniques, item analysis, factor analysis, regression, cluster analysis, multidimensional
scaling, conjoint analysis
- Qualitative methods: content analysis, semiotics
Report & present:
- Report the results of each stage of the marketing research process
Vector: the simplest type of data structure in R. A single entity consisting of a collection of
things. Members of a vector are called components.
- Example: c (“Amsterdam”, “Rotterdam”, “Utrecht”); c (4, 5, 9, 3, 6)
Factor variable: You can make categorical variables into factors in order to be able to use them in
R.
Descriptive Analysis: type of analysis of data that summarizes variables of a dataset.
- Example: means or bar plots

, Lecture 2: Basic Data Analysis




*likert scales
Notations of statistical hypotheses: Use H𝑛𝑢𝑙𝑙 and Halt to avoid confusion with theoretical
hypotheses H0 = null and H1 = alternative
Hypothesis Testing: Two-sided tests
- H𝑛𝑢𝑙𝑙 : the parameter (e.g., mean, proportion) of the variable is equal:
- One variable or univariate (e.g., age): mean age = 40 (in this sample, the average
age is equal to 40)
- Two variables or bivariate (e.g., age or gender): mean agewomen = mean agemen (in
this sample, the average age for women and men are equal)
- Halt : the parameter of the variable is different:
- One variable or univariate (e.g., age): age ≠ 40 (in this sample, the average age is
different than 40)
- Two variables or bivariate (e.g. age and gender): mean agewomen ≠ mean agemen (in
this sample, the average age for women and men are not equal)
Hypothesis Testing: One-sided tests:
- Hnull: the parameter of the variable is > or < : mean age > 40
- Halt: the parameter of the variable < or > : mean age < 40
Hypothesis Testing: p-value
All statistical tests result in a test statistic & p-value (significance level):
- The lower the p-value, the greater the statistical significance of the observed difference.
- If p < 0.5, H𝑛𝑢𝑙𝑙 is rejected → the parameter is significantly different from a
specific value (univariate test) or there is a significant relationship between two
variables (bivariate)

, - If 0.5 < p < 0.10, H𝑛𝑢𝑙𝑙 is rejected but marginally → e.g. there is a marginally
significantly relationship between two variables (bivariate)
- If p > .10, H𝑛𝑢𝑙𝑙 is not rejected → the parameter is not statistically different from a
specific value or across groups
Hypothesis testing: other decision criteria




Test statistic (inversely related to p-value): When the absolute value of the test statistic > critical
value, the null hypothesis is rejected. Critical values are obtained in statistical tables.
- For example, in a t-test, if ltl > 1.96, the null is rejected: there is a significant difference
between groups
- For example, in a t-test, if ltl < 1.96, the null is not rejected: there is no significant
difference between groups
95% confidence interval: When the null hypothesis posits that a parameter estimate (f.e.
correlation coefficient, regression coefficient, mean difference) is equal to 0 (or another number):
if the 95% CI of that parameter estimate excludes 0 (or the other number), then we reject the null
hypothesis.
- If the correlation coefficient is .19 with 95% CI (.03 to .35): the null is rejected
- If the correlation coefficient is .17 with 95% CI (-.02 to .30): the null is not rejected
Statistical Analyses: Univariate test (one variable)
- Example RQ: Testing whether the sample is representative of the general population for a
given variable
- Often, these tests are used to examine whether the sample is representative of the general
population

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller larissavantwestende1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $3.80. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62491 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$3.80  2x  sold
  • (0)
  Add to cart