Thursday 4,January,2024

Pricing Conjoint

 An advanced method of pricing new or existing products by creating real trade-off scenarios to understand the impact of price, brand and other features that determine the choice of products in the category. The model generates utilities for each aspect of the product for each respondent as a measure of preference to provide strategic direction for brands. The model can help forecast the impact of price movement on volume shares for up to 2 years.

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