Machine Learning: Top takeaways from MRS Data Analytics Conference
Exploring expert views on AI and the role of ‘stats’ in market research Machine Learning…
Pernod Ricard-owned Chivas Brothers launched its Allt-A-Bhainne single malt in 2018. The product uses semiotic codes that aren’t typical of the single malt category, which historically trades on tradition and heritage – in contrast, the Allt-A-Bhainne distillery opened in the 1970s.
As such, Chivas Brothers wanted robust data to help it build confidence internally and secure marketing budget around the launch of the new whisky in the Australian market. Rather than commissioning qualitative research, the company worked with insights agency SKIM to produce a volumetric prediction model aimed at forecasting the brand’s potential success and highlighting marketing priorities.
Published on Research Live, we shared our research journey with Pernod Ricard where they now could predict how many cases would be sold each week for the three years after the launch, by combining the share of preference from the conjoint simulator with the seasonality and distribution effect from the sales-data analysis. They can also now combine output from our simulator with other aspects of the research to illustrate what impact different price choices, distribution and marketing activity could have on sales and positioning.
Be the first to receive the latest market research insights, tips from industry peers and exclusive content to help you influence decision behavior.
Exploring expert views on AI and the role of ‘stats’ in market research Machine Learning…
From a single corn flake to a global presence, Kellogg’s has been fueling better days…
Learn how MCDA can help pharma & healthcare marketers obtain robust data for decision-making when the target population or treating physicians are limited
Originally designed for the desktop environment, conjoint research on mobile requires a more innovative approach…