| The
term Conjoint Analysis is used to describe a variety of techniques
that are used to measure the value people place on the features
or attributes that define the products or services. At BSSTATS
our favorite conjoint techniques include Rating based, Ranking
based and choice based. Our choice based conjoint includes aggregate
and hierarchical Bayes disaggregate modeling. |
| Some
of the common applications of conjoint results are: |
 |
Determine
an optimal product or service configuration |
 |
Measure
Brand Equity |
 |
Measure
peoples price (and other attributes) sensitivity |
 |
Market
Segmentation |