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These two methodologies are often pitted against each other as competitors for the same Marketing dollars in today’s marketplace. In truth, that’s rarely appropriate. On the surface both methodologies offer an ROI and an attribution for digital marketing vehicles such as online display, paid search, e-mail, etc. and thus create conflict by providing distinct answers. […]
September 4, 2013
Clients want to know “What is true?”, while statistical tests offer the likelihood that a relationship in the data could have been “caused by random error.” The fact that the question and answer don’t line up is usually responded to by quoting textbook doctrine about what statistics can demonstrate and is then followed by adopting […]
November 17, 2010
You’re working on the MAIN MODEL. The one that leverages half the company’s assets, and on which your paycheck and that of many others depends. You’ve already run through a stepwise, forward, and backward search of the variables, their interactions, and possible curvatures. What are the most productive things to do next? Here are a […]
November 17, 2010
THE GOAL: When segmenting markets the objective is to find distinct groups of consumers who are similar to each other on multiple variables of “interest”. If that lofty goal is realized, then products and marketing programs can be designed to appeal to desirable consumer groups so that when CONSUMERS select between you and your competitors, […]
November 17, 2010
LEGOS: 1. Square red pieces can be stacked to build towers. 2. Long skinny pieces can be used as roads. 3. Long skinny pieces on top of square red towers can build bridges. 4. Curved skinny pieces can make turning roads or bridges. 5. Tubes, motors, wheels, etc. can make pretty much anything you can […]
November 17, 2010
All the hard work we put into the “model” on the right hand side of the equation, is only as accurate as the dependent variable was to start with in reflecting the business problem at hand. Yet…. modeling efforts typically focus almost exclusively on the prediction of the objective variable, while often accepting the dependent […]
analytics4business 
March 23, 2016
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