TURF Analysis and Price Modeling Tools and Simulators
What is TURF Analysis?
TURF is a statistical model that can used to answer questions like:
- Where should we place ads to reach the widest possible audience?
- What kind of market-share will we gain if we add a new line to our model?
It was originally devised for analysis of media campaigns, and has been expanded to apply to product, line and distribution analysis. With SurveyAnalytics any Multiple Choice/Multiple Answer question can be analyzed using TURF.
The TURF Simulator calculates Optimal configurations for maximizing reach. Reach or Coverage is defined as the proportion of the audience (target group) that chooses a particular option.
Example:
SurveyAnalytics conducts surveys on a regular basis to find out what kind of information our users are looking for when they initially come to our site. One of the questions in a Popup Survey is the following:
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What we want to know is what Three choices among these Seven choices that will give us the greatest reach? A Simple Frequency Analysis gives us the following results:
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Please note that the simple frequency does not give us any particularly interesting data. Here we note that Pricing, Feature Matrix and Extraction Features are the three most important pieces of information that people want.
Is this really the right answer though? Probably not because we have not taken into consideration that the same people who requested Feature Matrix might have requested Extraction Features also!
We need to eliminate the duplicates and to find out the "Reach" of any three of the elements to effectively come to a conclusion.
With the TURF Analyzer and Simulator from SurveyAnalytics, we find the exact reach for any number of the options:
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This shows that Pricing, Feature Matrix and Piping Features give us a Reach of 87%. This is good, but we also want to find out what three options give the the maximum reach. We use the TURF Simulator for this.
You can use the TURF Simulator to find the "Optimal" three choices that gives you the MAXIMUM Unduplicated Reach.
The TURF Simulator runs through every possible configuration of three choices at a time and gives you a sorted order of "Reach %".
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Here we find out that Pricing, Feature Matrix and either Other or Data Integration Services will give us about 90% reach!
It is also worthy to note that our simple frequency analysis yielded a different result.
To start off with TURF Analysis click on
- Login » Surveys » Reports » Market Research Tools » TURF Analysis
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TURF Analysis can be done in two ways depending upon what you are trying to achieve:-
- Analysis - Choose the options (Answers) that you would like to calculate the REACH for and then click on Calculate Unduplicated Reach -- This will give you the Reach % or market share for those options. Use this option to calculate the Unduplicated reach for a set of alternatives.
- Simulator -
If you would like the TURF Simulator to run through Every Possible Combination and present you with the optimal REACH for a limited set of choices click on Simulator
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Price Modeling - With this option, you can assign a "Cost" or a "Price" for each of the options, and also specify a "Budget". The Price Modeling Simulator will Simulate Every Possible combination that falls within the budget, and give you optimum configurations for the maximum reach.
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Line Optimization - With this option, if you have a Minimum Reach % that you need to achieve, and would like to find out the the cheapest alternative for that.
See example:
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