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Exploratory market structure analysis. Topology-sensitive methodology.

Mazanec, Josef (1999) Exploratory market structure analysis. Topology-sensitive methodology. Report Series SFB "Adaptive Information Systems and Modelling in Economics and Management Science", 31. SFB Adaptive Information Systems and Modelling in Economics and Management Science, WU Vienna University of Economics and Business, Vienna.

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Abstract

Given the recent abundance of brand choice data from scanner panels market researchers have neglected the measurement and analysis of perceptions. Heterogeneity of perceptions is still a largely unexplored issue in market structure and segmentation studies. Over the last decade various parametric approaches toward modelling segmented perception-preference structures such as combined MDS and Latent Class procedures have been introduced. These methods, however, are not taylored for qualitative data describing consumers' redundant and fuzzy perceptions of brand images. A completely different method is based on topology-sensitive vector quantization (VQ) for consumers-by-brands-by-attributes data. It maps the segment-specific perceptual structures into bubble-pie-bar charts with multiple brand positions demonstrating perceptual distinctiveness or similarity. Though the analysis proceeds without any distributional assumptions it allows for significance testing. The application of exploratory and inferential data processing steps to the same data base is statistically sound and particularly attractive for market structure analysts. A brief outline of the VQ method is followed by a sample study with travel market data which proved to be particularly troublesome for conventional processing tools. (author's abstract)

Item Type: Paper
Keywords: market segmentation / market structure analysis / neural networks / vector quantization
Divisions: Departments > Finance, Accounting and Statistics > Statistics and Mathematics
Departments > Informationsverarbeitung u Prozessmanag. > Informationswirtschaft
Departments > Informationsverarbeitung u Prozessmanag. > Produktionsmanagement > Taudes
Departments > Marketing > Tourismus und Freizeitwirtschaft
Depositing User: Repository Administrator
Date Deposited: 08 Mar 2002 09:40
Last Modified: 26 Jan 2011 12:50
WU Online Catalog: http://onlinekatalog.wu.ac.at/F?func=find-b&reques...
URI: http://epub.wu.ac.at/id/eprint/928

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