Evolutionary Modeling in the Analysis of New Products (Classic Reprint) - Couverture souple

Urban, Glen L.

 
9781334319204: Evolutionary Modeling in the Analysis of New Products (Classic Reprint)

Synopsis

Forecast trial, repeat purchases, and profits for new products with practical, shift-ready models.

This book presents a stream of simple to detailed models that help managers translate how people try, remember, and buy a new product into sales forecasts and profits. It covers several iterative versions that add realism by modeling awareness, intent, availability, and purchase frequency.

The models start from a basic, easy-to-use framework and evolve into more nuanced versions that account for forgetting, in-store dynamics, and competitive pricing. Data inputs range from trial and repeat rates to advertising reach and product availability, offering a flexible toolkit for simulating different strategies. The approach is designed to be used with real or test-market data and can be run online to compare scenarios quickly.
  • Understand how trial, repeat, and purchase frequencies drive sales and profit in each period
  • Explore Mod I, Mod IBS, Mod II, and Mod III, including behavioral and in-store dynamics
  • See how awareness, intent, and availability affect the path from trial to loyalty
  • Use different pricing and advertising assumptions to forecast outcomes
Ideal for readers of product forecasting, marketing analytics, and new-product planning who want practical, implementable models.

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