Retention of latent segments in regression-based marketing models
@article{Andrews2003RetentionOL, title={Retention of latent segments in regression-based marketing models}, author={R. Andrews and Imran S. Currim}, journal={International Journal of Research in Marketing}, year={2003}, volume={20}, pages={315-321} }
Abstract Product design and marketing mix decisions for segmented markets depend crucially on the correct specification of marketing models used as input to these decisions. With real-world data, the true number of segments in a market is unknown. Current evidence from simulation studies suggests that the accuracy of commonly used criteria for determining the number of segments in a market depends on the usage context, including the type of distribution being used to describe the data, the… CONTINUE READING
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