Exercise-related biases in stated choice experiments, such as position effects and screen fatigue, can reduce model accuracy by introducing skewed responses. We evaluate two mitigation strategies: adding contextual information to utility models and adjusting pooling based on respondent behavior. Meta-analytic findings will assess their effectiveness across studies. Attendees will gain practical tools for identifying quasi-straightliners, cleaning noisy data, and applying recommendations to model, simulate, and improve the overall quality of choice experiment results.
Driver-CBC is an innovative approach that integrates brand association analysis with choice-based conjoint models to inform market decisions. This method captures the impact of brand perceptions on consumer choices, enabling simulations of various brand perceptions, price and product feature scenarios and their consequent economic outcomes. By combining tactical and strategic elements, Driver-CBC provides a unified framework for optimising marketing strategies and brand development, offering actionable insights to maximise market share and revenue growth.
Automated Machine Learning (AutoML) identifies and then executes the best algorithm fitting to each specific data set automatically with little or no human intervention. Expanding AutoML to clustering is gaining attention but facing additional hurdles due to the lack of ground-truth for model training. Making it work for market research is even more challenging because of the art part. But the value can be big. This research explores an automated system for market segmentation, shares learnings and novel solutions for future expansion.
After designing a conjoint survey and collecting your data, the next step is understanding how to translate the raw data into actionable insights — through simulations. This breakout session will guide attendees through building a basic Excel conjoint simulator from scratch and demonstrate how more advanced features can be included. Participants will see step-by-step examples, and learn tips for structuring and customizing simulators to answer real business questions.
In this talk I will describe several techniques for aligning questions from multiple surveys so that they can be integrated and used in models to predict segment membership. I will demonstrate the techniques and describe the necessary assumptions behind them. No AI is required.