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Excerpted from lecture Marketing with Choice Models.
Delivered by Director of MRD for a technology company, at the Second Annual Advanced Research Techniques Forum. |
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Case History 1: Competitor Introduces New Product, Client Counters
Case History 2: Competitor Lowers Price, Client Counters Case History 3: Client uses EMA Model to Design Top-selling Calculator Case History 4: Client uses EMA Model to Design Core Technology |
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SUMM®, a proprietary technique of Eric Marder Associates, is the procedure we have used Our use of SUMM® has been profitable.
Our use [of SUMM®] is now continuous. We ask SUMM® dozens of questions each month. We have conducted literally thousands of simulations in some of the databases.
We have gained increasing confidence in the process. Of course, the SUMM® procedure has face validity. It has persuasive concurrent validity. Overall chooser shares match preference shares very closely (.90 to .98). On those occasions when predictions could be verified, they have been remarkable accurate.