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Voorbeeld 4 van de 46 pagina's
Samenvatting

Customer and Marketing Analytics – Complete Lecture Summary 2026 | All 11 Lectures + Exam Preparation | Master Marketing VU

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Voorbeeld 4 van de 46 pagina's

Complete Customer and Marketing Analytics Summary – 2026 Prepare for your Customer and Marketing Analytics exam with this comprehensive English summary covering all 11 lectures. The summary includes key theories, definitions, statistical methods, analytical frameworks, formulas, practical examples, and visual models. Topics covered: - Lecture 1: Introduction to Customer and Marketing Analytics - Lecture 2: Measurement and Scaling, Reliability, Validity & Dimensionality - Lecture 3: Factor Analysis & Perceptual Mapping - Lecture 4: Market Response Models & Multiple Regression Analysis - Lecture 5: Logistic Regression – Introduction & Model Specification - Lecture 6: Logistic Regression – Estimation & Validation - Lecture 7: Logistic Regression – Application & Customer Acquisition - Lecture 8: Conjoint Analysis I – Understanding Customer Preferences - Lecture 9: Conjoint Analysis II – Part-worths, Attribute Importance & Market Simulations Additional exam preparation: Includes lecture recaps, explanations of important formulas and statistical concepts, and practical examples of interpreting analytical results using SPSS and Excel. Ideal for students looking for a structured, easy-to-follow overview of the Customer and Marketing Analytics course, combining theoretical knowledge with practical statistical applications.

Voorbeeld van de inhoud

Lecture 1: Introduction

Introduction

Main goal: to acquire the knowledge and skills on how to approach marketing-related
problems from a rigorous, analytical, data-based perspective
- Identify and understand common marketing research problems faced by managers
- Develop proficiency in working with diAerent types of data
- Master a range of data analysis techniques commonly used in marketing practice
and academia
- Apply these techniques in SPSS/R/Excel and interpret these results

Classifying Marketing Research / Analysis

Type of data:
- Quantitative research: seek to provide depth, insight and understanding
o Good for: mapping the customer’s overall range of behavior and attitudes,
pinpointing the motivations behind people’s behavior, stimulating new and
creative ideas
- Qualitative research: seek to quantify data through measurement and statistical
analysis
o Good for: profiling detailed usage and behavior, highlighting variations between
diAerent sub-groups, precisely measuring consumer preferences for diAerent
products and services

Research design:
- Exploratory research: research in which the major emphasis is on gaining ideas and
insights
o Purposes: increase familiarity with problem, clarify concepts, develop specific
hypotheses
o Approaches: interviews, case studies, focus groups, text analysis
- Descriptive & predictive research: often guided by an initial hypothesis
o Purposes: describe the characteristics of certain groups, estimate the proportion
of people in a specified population who behave in a certain way, examine
associations between two or more variables, make specific predictions
- Causal research: research in which the major emphasis is on determining a cause-
and-eAect relationships
o Make use of experiments: laboratory experiments, field experiments

Data source:
- Secondary data: data previously collected for purposes other than the research at
hand
o Internal sources: accounting records (e.g., sales invoices, marketing
expenditures) customer transaction databases, clickstream data, operating
records (e.g., warranty cards, customer complaint services), previous market
research studies

, o External sources: market and industry research publishers (e.g., Datamonitor),
trade associations, government agencies
o Syndicated research: large-scale, regularly updated marketing research that is
undertaken by a research firm to be sold, often on a subscription basis, to a
number of clients (e.g., consumer panel data / scanned data )
§ E.g., Kantar NIPObase, Nielsen TV Ratings, Gfk Consumer Panel
§ Consumer panel: panel of households or individuals whose purchases are
monitored on a continuous or ongoing basis
- Primary data: data collected specifically to answer the question(s) posed by the
current research objectives
o Types of primary data: demographic/socioeconomic/lifestyle characteristics,
attitudes/opinions, awareness/knowledge, motivations, intentions and behaviors
o Collecting primary data:
§ Communication: questioning respondents to secure the desired information
(via surveys, focus groups, etc.)
§ Observation: the situation of interest is watched, and the relevant facts,
actions or behaviors recorded

Lecture 2: Measurement and Scaling / Reliability, Validity, Dimensionality

Measurement and Scaling

Observable variables: e.g., gender, age, income, education level, number of
complaints, type of contract, customer tenure, premium amount paid, digital app usage
frequency
Unobservable constructs: e.g., involvement, need for uniqueness, customer loyalty,
impulsive buying tendency, price sensitivity, brand attitude, satisfaction, tendency to
give socially desirable answers, materialism, susceptibility to social comparisons

Relational Net Promotor Score (NPS): would you recommend (brand)?
- 0 = not at all likely – 10 = extremely likely

Measurement: the assignment of number to characteristics (attributes)
of objects of people according to a pre-specified rule
Scaling: generation of continuum upon which measured objects are located

Levels of measurement: every scale you design
sits at one of these four levels
- Nominal scale: just labels, no order
o E.g., gender
- Ordinal scale: ranked, but unequal gaps
between points
o E.g., Likert scale
- Interval scale: equal intervals, no true zero
o E.g., IQ-score, temperature
- Ratio scale: a true zero point
o E.g., income

,Why the level of measurement matters?
- Identification of the measurement scale depends on the basic nature of the attribute
- Higher levels of measurements allow for more in-depth statistical analyses
- Critical in determining which data analysis techniques are the most applicable to
the data
o Chi square: nominal
o Pearson correlation coeQicient: interval & ratio
o Linear regression: DV is interval & ratio
o Logistic regression: DV is nominal




Types of Scales in Marketing Research

Comparative scaling techniques: comparison of stimulus objects on a scale
- Paired comparison scaling: respondent needs to select one object (out of 2)
according to some criterion
o E.g., Heineken or Grolsch, Heineken or Bavaria
- Rank order: respondent need to order several objects according to some criterion
o E.g., 1. Grolsch, 2. Heineken, 3. Bavaria
- Contant sum scaling: respondent allocate a fixed amount of points among several
objects according to some criterion
o E.g., Grolsch 50, Heineken 30, Bavaria 20

Non-comparative scaling: each stimulus is scaled independently of the other object
- Likert scale: respondents need to indicate degree of agreement to a series of
statements
o E.g., How much do you like the taste of Heineken? à 0 = not at all likely – 10 =
extremely likely
- Semantic diQerential scale: rating scale with endpoints
associated with bipolar labels
o E.g., Please rate your perception of Heineken among the
following dimensions à see picture
- Continuous rating scale: respondents
rate the objects by placing a mark at the
appropriate position on a continuous line
o E.g., How satisfied are you with the
following? à see picture
o Advantages: fine-grained data
collection, intuitive and user-friendly, interactive

, - Item decisions:
o The number of scale categories: 5 to 9-point scales, depends on respondents’
knowledge and involvement
o Odd vs even number of categories: neutral response allowed or not
o Nature and degree of verbal descriptions: words, numbers, pictures
o Label all vs. only extremes

Multiple-Item Measurement Theory

Single-item measurements: popular in industry, simple, single item, easy to
benchmark
- What exactly is it measuring, and what is it missing?
- Are rarely capture a complex construct like customer loyalty full

Multiple-item measurement:
- Why do personality quizzes, exams and
intelligence test consist of several
questions?
- Why do we often use multi-item (questions)
scales instead of single-item scales?
o Reliability: to minimize random error
o Validity: to capture the
complex/heterogeneous nature of the
construct/characteristic
- Sometimes single-item scales are suAicient
o Objective, concrete constructs (age, income, purchase intention)
- Error
o Xo: observed score (e.g., your measures loyalty score)
o Xt: true score (e.g., your real, underlying, customer loyalty)
o Xs: systematic, non-random, error (e.g., timing/context bias)
o Xe: random error (e.g., being distracted for a moment, mood on the day)

Scale Evaluation

Reliability: the extent to which the measurement instrument gives the same results
when the measurement is repeated à is it stable?
- Consistency in measurement
- Xe = 0

Validity: the extent to which the measurement instrument
indeed measures the construct that we intend to measure
à does it measure what it’s supposed to?
- With a valid measurement, diAerences in scores among
respondents are only due to real diAerences in the
construct (characteristics) among respondents
- Xo = Xt; Xs = 0; Xe = 0

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