Conjoint Analysis Software for Market Research

"SurveyAnalytics Conjoint offering is a simple, yet robust model for conducting population level conjoint studies."

Chris Robson, Chief Scientist, Parametric Marketing

Conjoint analysis is a popular marketing research technique that marketers use to determine what features a new product should have and how it should be priced. It requires research participants to make a series of trade-offs. Analysis of these trade-offs will reveal the relative importance of component attributes.

Conjoint Analysis

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 TV there are a couple of distinct variables involved:

Brand (Sony, LG, Vizio, etc.)

Price (800-1500)

Resolution (1080p or 720p)

SIze (35" to 45")

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 likeability.

How to setup Discrete Conjoint Survey

Market Simulator

Market Segmentation Simulator is used to convert the raw conjoint part worths, which can be difficult to understand, into a much more meaningful and useful simulated market model. Products can be introduced within a simulated market scenario and the simulator reports the percentage of respondents projected to choose each product.

A market segmentation simulator allows an analyst or researcher to conduct what-if scenarios to investigate issues such as new products, design, pricing strategy, etc. The Market Segmentation Simulator is considered one of the most important tools resulting from a conjoint analysis project.

How to Run Discrete Choice Conjoint Analysis

On Tuesday, May 22nd, Survey Analytics presented a webinar entitled "How to Run Discrete Choice Conjoint Analysis."


Discrete choice conjoint analysis is a popular marketing research technique that helps you determine the optimal mix of features in a new product or service.


The basics of discrete choice conjoint analysis are not hard to understand. From this webinar you will gain an understanding of how to design, conduct and analyze a discrete choice conjoint analysis project.

This webinar will help you understand:

What discrete choice conjoint analysis is

The theory and logic behind discrete choice conjoint analysis

When to use discrete choice conjoint in your research

Specific case studies of how others have used discrete choice conjoint

How to design a discrete choice conjoint project

How to write a discrete choice conjoint questionnaire

How to analyze the results of a discrete choice conjoint project

Resources

  • Conjoint Analysis

    Conjoint Analysis
  • CRM Integration

    CRM Integration
  • Mobile Research

    Mobile Research

PRODUCTS & SERVICES

SurveySwipe mobile survey panel app for smartphones including iOS and Android devices.

SurveyPocket iPad and Android tablet data app for collecting offline and online data in the field.

Visualize Your Data - Interactive Charts and Dashboard for the Tablet - iPad, Android, Kindle...

Get unprecedented vision into consumers' daily lives by collecting moment-to-moment data from their mobile devices.

MediaBunker helps you securely test videos, audio, pictures and more using mobile devices.

Revolutionizing Employee Feedback.