Conjoint Analysis – Meaning, Usage and its Limitations
April 3, 2025
Conjoint Analysis – Meaning, Usage and its Limitations
Introduction During the sixties, when researchers tried to understand consumers’ decision making process, they used a simple questionnaire or a form. Respondents would generally answer what was on the top of their minds or what they assumed the researcher wanted to hear. However, this did not always correspond to their actual purchase decisions. For example,…
What Is the Purpose of a Management Case Study?
A management case study is an in-depth study of a project, challenge, or phenomenon within a business. By focusing on real-world examples, management case studies allow researchers to explore how businesses actually operate, revealing the systems, behaviors, and choices that drive success…or lead to failure. In this guide, we’re taking a closer look at the…
Big Data and the Power to Predict
Is Big Data a Magic? We often hear the term Big Data being used to describe how online retailers as well as mega corporations are targeting the consumer behavior by having the power to predict, sense, and intuit future consumer decisions. Indeed, Big Data is talked about in hushed tones with a sense of awe…
There are mainly 4 methods by which we can collect data through the Survey Method
Telephone Interviewing stands out as the best method for gathering quickly needed information. Responses are collected from the respondents by the researcher on telephone.
It is the most versatile of the all methods. They are used when props are required along with the verbal response non-verbal responses can also be observed.
Questionnaires are send to the respondents, they fill it up and send it back.
Electronic interviewing is a process of recognizing and noting people, objects, occurances rather than asking for information. For example-When you go to store, you notice which product people like to use. The Universal Product Code (UPC) is also a method of observing what people are buying.
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