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Summary & visual explanation Conjoint Analysis step 7 Design market simulators.

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A summary with a visual explanation of difficult concepts from Conjoint Analysis, step 7, Design market simulators

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March 5, 2025
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Written in
2024/2025
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Conjoint Analysis




Conjoint Design
7
Design 1.
market simulators




2.




3.

, In the previous sessions, we learned how to estimate



The part-worths
(preferences)




Based on the unveiled preferences, we can design



Market shares
Simulators




The simulators help us to guide




Managerial Decisions
(Product assortments, new products to
introduce, and which price to charge)
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