Description
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- Title Page
- Copyright
- Contents
- Introduction
- Part I Using Excel to Summarize Marketing Data
- Chapter 1 Slicing and Dicing Marketing Data with PivotTables
- Analyzing Sales at True Colors Hardware
- Analyzing Sales at La Petit Bakery
- Analyzing How Demographics Affect Sales
- Pulling Data from a PivotTable with the GETPIVOTDATA Function
- Summary
- Exercises
- Chapter 2 Using Excel Charts to Summarize Marketing Data
- Combination Charts
- Using a PivotChart to Summarize Market Research Surveys
- Ensuring Charts Update Automatically When New Data is Added
- Making Chart Labels Dynamic
- Summarizing Monthly Sales-Force Rankings
- Using Check Boxes to Control Data in a Chart
- Using Sparklines to Summarize Multiple Data Series
- Using GETPIVOTDATA to Create the End-of-Week Sales Report
- Summary
- Exercises
- Chapter 3 Using Excel Functions to Summarize Marketing Data
- Summarizing Data with a Histogram
- Using Statistical Functions to Summarize Marketing Data
- Summary
- Exercises
- Part II Pricing
- Chapter 4 Estimating Demand Curves and Using Solver to Optimize Price
- Estimating Linear and Power Demand Curves
- Using the Excel Solver to Optimize Price
- Pricing Using Subjectively Estimated Demand Curves
- Using SolverTable to Price Multiple Products
- Summary
- Exercises
- Chapter 5 Price Bundling
- Why Bundle?
- Using Evolutionary Solver to Find Optimal Bundle Prices
- Summary
- Exercises
- Chapter 6 Nonlinear Pricing
- Demand Curves and Willingness to Pay
- Profit Maximizing with Nonlinear Pricing Strategies
- Summary
- Exercises
- Chapter 7 Price Skimming and Sales
- Dropping Prices Over Time
- Why Have Sales?
- Summary
- Exercises
- Chapter 8 Revenue Management
- Estimating Demand for the Bates Motel and Segmenting Customers
- Handling Uncertainty
- Markdown Pricing
- Summary
- Exercises
- Part III Forecasting
- Chapter 9 Simple Linear Regression and Correlation
- Simple Linear Regression
- Using Correlations to Summarize Linear Relationships
- Summary
- Exercises
- Chapter 10 Using Multiple Regression to Forecast Sales
- Introducing Multiple Linear Regression
- Running a Regression with the Data Analysis Add-In
- Interpreting the Regression Output
- Using Qualitative Independent Variables in Regression
- Modeling Interactions and Nonlinearities
- Testing Validity of Regression Assumptions
- Multicollinearity
- Validation of a Regression
- Summary
- Exercises
- Chapter 11 Forecasting in the Presence of Special Events
- Building the Basic Model
- Summary
- Exercises
- Chapter 12 Modeling Trend and Seasonality
- Using Moving Averages to Smooth Data and Eliminate Seasonality
- An Additive Model with Trends and Seasonality
- A Multiplicative Model with Trend and Seasonality
- Summary
- Exercises
- Chapter 13 Ratio to Moving Average Forecasting Method
- Using the Ratio to Moving Average Method
- Applying the Ratio to Moving Average Method to Monthly Data
- Summary
- Exercises
- Chapter 14 Winter’s Method
- Parameter Definitions for Winter’s Method
- Initializing Winter’s Method
- Estimating the Smoothing Constants
- Forecasting Future Months
- Mean Absolute Percentage Error (MAPE)
- Summary
- Exercises
- Chapter 15 Using Neural Networks to Forecast Sales
- Regression and Neural Nets
- Using Neural Networks
- Using NeuralTools to Predict Sales
- Using NeuralTools to Forecast Airline Miles
- Summary
- Exercises
- Part IV What do Customers Want?
- Chapter 16 Conjoint Analysis
- Products, Attributes, and Levels
- Full Profile Conjoint Analysis
- Using Evolutionary Solver to Generate Product Profiles
- Developing a Conjoint Simulator
- Examining Other Forms of Conjoint Analysis
- Summary
- Exercises
- Chapter 17 Logistic Regression
- Why Logistic Regression Is Necessary
- Logistic Regression Model
- Maximum Likelihood Estimate of Logistic Regression Model
- Using StatTools to Estimate and Test Logistic Regression Hypotheses
- Performing a Logistic Regression with Count Data
- Summary
- Exercises
- Chapter 18 Discrete Choice Analysis
- Random Utility Theory
- Discrete Choice Analysis of Chocolate Preferences
- Incorporating Price and Brand Equity into Discrete Choice Analysis
- Dynamic Discrete Choice
- Independence of Irrelevant Alternatives (IIA) Assumption
- Discrete Choice and Price Elasticity
- Summary
- Exercises
- Part V Customer Value
- Chapter 19 Calculating Lifetime Customer Value
- Basic Customer Value Template
- Measuring Sensitivity Analysis with Two-way Tables
- An Explicit Formula for the Multiplier
- Varying Margins
- DIRECTV, Customer Value, and Friday Night Lights (FNL)
- Estimating the Chance a Customer Is Still Active
- Going Beyond the Basic Customer Lifetime Value Model
- Summary
- Exercises
- Chapter 20 Using Customer Value to Value a Business
- A Primer on Valuation
- Using Customer Value to Value a Business
- Measuring Sensitivity Analysis with a One-way Table
- Using Customer Value to Estimate a Firm’s Market Value
- Summary
- Exercises
- Chapter 21 Customer Value, Monte Carlo Simulation, and Marketing Decision Making
- A Markov Chain Model of Customer Value
- Using Monte Carlo Simulation to Predict Success of a Marketing Initiative
- Summary
- Exercises
- Chapter 22 Allocating Marketing Resources between Customer Acquisition and Retention
- Modeling the Relationship between Spending and Customer Acquisition and Retention
- Basic Model for Optimizing Retention and Acquisition Spending
- An Improvement in the Basic Model
- Summary
- Exercises
- Part VI Market Segmentation
- Chapter 23 Cluster Analysis
- Clustering U.S. Cities
- Using Conjoint Analysis to Segment a Market
- Summary
- Exercises
- Chapter 24 Collaborative Filtering
- User-Based Collaborative Filtering
- Item-Based Filtering
- Comparing Item- and User-Based Collaborative Filtering
- The Netflix Competition
- Summary
- Exercises
- Chapter 25 Using Classification Trees for Segmentation
- Introducing Decision Trees
- Constructing a Decision Tree
- Pruning Trees and CART
- Summary
- Exercises
- Part VII Forecasting New Product Sales
- Chapter 26 Using S Curves to Forecast Sales of a New Product
- Examining S Curves
- Fitting the Pearl or Logistic Curve
- Fitting an S Curve with Seasonality
- Fitting the Gompertz Curve
- Pearl Curve versus Gompertz Curve
- Summary
- Exercises
- Chapter 27 The Bass Diffusion Model
- Introducing the Bass Model
- Estimating the Bass Model
- Using the Bass Model to Forecast New Product Sales
- Deflating Intentions Data
- Using the Bass Model to Simulate Sales of a New Product
- Modifications of the Bass Model
- Summary
- Exercises
- Chapter 28 Using the Copernican Principle to Predict Duration of Future Sales
- Using the Copernican Principle
- Simulating Remaining Life of Product
- Summary
- Exercises
- Part VIII Retailing
- Chapter 29 Market Basket Analysis and Lift
- Computing Lift for Two Products
- Computing Three-Way Lifts
- A Data Mining Legend Debunked!
- Using Lift to Optimize Store Layout
- Summary
- Exercises
- Chapter 30 RFM Analysis and Optimizing Direct Mail Campaigns
- RFM Analysis
- An RFM Success Story
- Using the Evolutionary Solver to Optimize a Direct Mail Campaign
- Summary
- Exercises
- Chapter 31 Using the SCAN*PRO Model and Its Variants
- Introducing the SCAN*PRO Model
- Modeling Sales of Snickers Bars
- Forecasting Software Sales
- Summary
- Exercises
- Chapter 32 Allocating Retail Space and Sales Resources
- Identifying the Sales to Marketing Effort Relationship
- Modeling the Marketing Response to Sales Force Effort
- Optimizing Allocation of Sales Effort
- Using the Gompertz Curve to Allocate Supermarket Shelf Space
- Summary
- Exercises
- Chapter 33 Forecasting Sales from Few Data Points
- Predicting Movie Revenues
- Modifying the Model to Improve Forecast Accuracy
- Using 3 Weeks of Revenue to Forecast Movie Revenues
- Summary
- Exercises
- Part IX Advertising
- Chapter 34 Measuring the Effectiveness of Advertising
- The Adstock Model
- Another Model for Estimating Ad Effectiveness
- Optimizing Advertising: Pulsing versus Continuous Spending
- Summary
- Exercises
- Chapter 35 Media Selection Models
- A Linear Media Allocation Model
- Quantity Discounts
- A Monte Carlo Media Allocation Simulation
- Summary
- Exercises
- Chapter 36 Pay per Click (PPC) Online Advertising
- Defining Pay per Click Advertising
- Profitability Model for PPC Advertising
- Google AdWords Auction
- Using Bid Simulator to Optimize Your Bid
- Summary
- Exercises
- Part X Marketing Research Tools
- Chapter 37 Principal Components Analysis (PCA)
- Defining PCA
- Linear Combinations, Variances, and Covariances
- Diving into Principal Components Analysis
- Other Applications of PCA
- Summary
- Exercises
- Chapter 38 Multidimensional Scaling (MDS)
- Similarity Data
- MDS Analysis of U.S. City Distances
- MDS Analysis of Breakfast Foods
- Finding a Consumer’s Ideal Point
- Summary
- Exercises
- Chapter 39 Classification Algorithms: Naive Bayes Classifier and Discriminant Analysis
- Conditional Probability
- Bayes’ Theorem
- Naive Bayes Classifier
- Linear Discriminant Analysis
- Model Validation
- The Surprising Virtues of Naive Bayes
- Summary
- Exercises
- Chapter 40 Analysis of Variance: One-way ANOVA
- Testing Whether Group Means Are Different
- Example of One-way ANOVA
- The Role of Variance in ANOVA
- Forecasting with One-way ANOVA
- Contrasts
- Summary
- Exercises
- Chapter 41 Analysis of Variance: Two-way ANOVA
- Introducing Two-way ANOVA
- Two-way ANOVA without Replication
- Two-way ANOVA with Replication
- Summary
- Exercises
- Part XI Internet and Social Marketing
- Chapter 42 Networks
- Measuring the Importance of a Node
- Measuring the Importance of a Link
- Summarizing Network Structure
- Random and Regular Networks
- The Rich Get Richer
- Klout Score
- Summary
- Exercises
- Chapter 43 The Mathematics Behind The Tipping Point
- Network Contagion
- A Bass Version of the Tipping Point
- Summary
- Exercises
- Chapter 44 Viral Marketing
- Watts’ Model
- A More Complex Viral Marketing Model
- Summary
- Exercises
- Chapter 45 Text Mining
- Text Mining Definitions
- Giving Structure to Unstructured Text
- Applying Text Mining in Real Life Scenarios
- Summary
- Exercises
- Index