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Conjoint Analysis Software for Market Research

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Conjoint Analysis


Application of Conjoint Analysis Tool in Market Research for Product launch

Conjoint Analysis is a technique used to assess the different contributions aspects of a product or service make to individuals in the purchasing decision. For example, if a consumer decides to buy a mobile there are a couple of distinct variables involved: Distinct variables used in conjoint analysis example

A conjoint study usually involves showing respondents product profiles and asking them to indicate (in a variety of ways) how much they like or prefer these alternative product profiles. Statistics are then used to work out the contribution that each product attribute is making to the overall like ability.

Survey Analytics Software Advantage

  • Measure psychological, real or any hidden factors in consumer behavior more accurately.
  • Test your new product ideas or examine the existing one for new features with market segmentation simulator.
  • The most easy-to-use and Conjoint Analysis tool in the industry.
  • Estimate your consumer preference at the individual level.
  • Applications like product launch, product positioning, market segmentation and many others.

How To


  • Run Discrete Choice Conjoint Analysis
  • Setup Discrete Conjoint Survey
  • Using discrete choice data to validate stated choice data

Resources

  • Conjoint Analysis Example
  • Conjoint Analysis in Innovation Process
  • Conjoint Software
  • Conduct Pricing Research Effectively Using Conjoint Analysis
  • Conjoint Analysis - Best Practice Implementation FAQ
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